Average Rent in Goldsboro, NC↑ Rents rising 8.4% YoY
HUD FY2025 · Official government data · Updated annually · Metro pop. 117,606
Market Overview
Goldsboro, NC has rental prices ranging from $897/month to $1,918/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $902/month — 36% below the national average of $1,400/month. With a median household income of $58,082/year, spending $902/month on a 1-bedroom represents 19% of gross income — within the recommended 30% threshold.
How Goldsboro Compares
With an average 2-bedroom rent of $1,184/month, Goldsboro ranks #22 most expensive of the 87 cities tracked in North Carolina — pricier than 81% of all US cities in our data.
The Goldsboro Rental Market
The Goldsboro, NC area has a population of about 117,606 and 39% of households renting rather than owning. That renter share runs above the US average of ~34%, pointing to a competitive rental market where vacancies clear quickly and rents are less negotiable.
Rent Trends
2-bedroom rents in Goldsboro, NC have risen by $92/month (8.4%) over the past year, from $1,092 to $1,184. This rate of increase is significant and reflects strong rental demand and limited housing supply in the local market.
Affordability
To afford a 1-bedroom apartment in Goldsboro, NC without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $36,080. The local median household income of $58,082 exceeds that threshold by $22,002, making Goldsboro relatively accessible compared to local wages.
Rent vs. Buy
The median home value in Goldsboro, NC is $198,171, giving a price-to-rent ratio of 13.9. The break-even point between renting and buying is roughly 14 years — renting offers more flexibility for shorter stays, while buying makes more sense for long-term residents.
Fair Market Rents
HUD FY2025Is Goldsboro, NC Affordable?
Income needed to rent or buy, price history, and how this city compares to nearby metros.
Affordability Index(30% income rule)
Nearby Cities in NClargest metros in the state
| City | Studio | 1BR | 2BR | 3BR | Home Value |
|---|---|---|---|---|---|
| Anson County | $834 | $927 | $1,216 | $1,465 | — |
| Charlotte | $1,586 | $1,647 | $1,824 | $2,250 | — |
| Camden County | $982 | $990 | $1,129 | $1,582 | — |
| Virginia Beach | $1,475 | $1,483 | $1,696 | $2,361 | — |
| Raleigh | $1,533 | $1,592 | $1,763 | $2,192 | — |
| Greensboro | $999 | $1,039 | $1,150 | $1,463 | — |
Rent or Buy in Goldsboro?
Break-even analysis and mortgage estimates based on local market data.
Should I Rent or Buy?
Break-even analysis using real Goldsboro data
Buying breaks even after 1 year — worth it if you stay 1+ years.
Mortgage Calculator
Estimate monthly payment for $198,171 home at 7% rate
Living in Goldsboro
Cost of living, job market, crime rates, and moving cost estimates.
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Frequently Asked Questions
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⚖️Rent vs Buy in GoldsboroIs it cheaper to rent or buy here?
💵Rent Affordability in GoldsboroSalary needed to afford rent here
🗺️All Cities in NCSee how Goldsboro ranks statewide
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