Asheboro, NC
Population 27,353 · North Carolina
About Asheboro, NC
Asheboro is a mid-sized city located in North Carolina with a population of 27,353 residents according to the latest US Census Bureau American Community Survey data. The median household income is $48,628 per year, which is 35% below the national median of $75,149. The median age of 36.1 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Asheboro features a median home value of $162,800, which is 34% below the national median of $244,900. This positions Asheboro in a moderately priced market relative to the rest of the country. Median monthly rent is $855, 26% below the national average of $1,163/month. Of the 12,269 total housing units, 47% are owner-occupied (5,371 units) and 53% are renter-occupied (6,167 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Asheboro shows an unemployment rate of 4.4%, which is near the national rate of 3.7%. The poverty rate stands at 20.2%, above the national average of 12.4%. Workers in Asheboro have an average one-way commute time of 22.1 minutes.
Education & Demographics
20.1% of Asheboro residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 19.1% White, 1.9% Hispanic or Latino, 1.1% Black or African American, and 6.6% Asian residents, with 11.4% of the population being foreign-born.
How Asheboro Ranks in North Carolina
Cost of Living in Asheboro, NC
Compared to national averages, Asheboro has a median household income of $48,628 (35% below the national median of $75,149). Home values average $162,800, which is 34% below the national median. Monthly rent at $855 is 26% below the US average of $1,163. Within North Carolina, Asheboro's income is 25% below the state average of $64,468, and home values are 29% below the state median of $228,922.
Why Live in Asheboro, NC?
Asheboro offers affordable housing with a median home value of $162,800, below the US average of $244,900, and rent that’s lower than the national average at $855/month, and short commute times averaging just 22.1 minutes.
Potential considerations include median household income ($48,628) that falls below the national average. However, Asheboro’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Asheboro has a population of 27,353 with a median age of 36.1 years. Compare Asheboro with other cities to see how it stacks up, or explore all cities in North Carolina.
Similar Cities Near Asheboro
Cities in North Carolina with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Kernersville | 27,439 | $69,923 | $264,000 | Compare |
| Thomasville | 27,261 | $58,246 | $163,200 | Compare |
| Mint Hill | 26,954 | $99,272 | $386,900 | Compare |
| Clayton | 28,043 | $73,348 | $292,400 | Compare |
| Leland | 26,307 | $88,576 | $358,800 | Compare |
| Statesville | 29,161 | $55,492 | $226,100 | Compare |
| Matthews | 29,959 | $105,579 | $406,800 | Compare |
| Morrisville | 30,471 | $125,404 | $481,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in North Carolina
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Asheboro With Other Cities
Frequently Asked Questions about Asheboro
What is the population of Asheboro, NC?
The population of Asheboro, NC is 27,353 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in North Carolina.
What is the median household income in Asheboro?
The median household income in Asheboro, NC is $48,628 per year, which is 35% below the national median of $75,149.
What is the median home value in Asheboro?
The median home value in Asheboro, NC is $162,800, which is 34% below the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Asheboro?
The median monthly rent in Asheboro, NC is $855, which is 26% below the national average of $1,163/month.
What is the unemployment rate in Asheboro?
The unemployment rate in Asheboro, NC is 4.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Asheboro, NC a good place to live?
Asheboro offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 27,353 and a median age of 36.1, the city appeals to a broad range of residents.
How educated is Asheboro, NC?
20.1% of residents in Asheboro aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Asheboro?
Key cost-of-living indicators for Asheboro, NC: median home value is $162,800 (34% below national), median rent is $855/month, and median household income is $48,628. The home-value-to-income ratio is 3.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Asheboro?
The poverty rate in Asheboro, NC is 20.2%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Asheboro, NC?
Asheboro's population is 19.1% White, 1.9% Hispanic or Latino, 1.1% Black or African American, 6.6% Asian, and 14.1% two or more races. 11.4% of residents are foreign-born.