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Rowan County, NC

RANK #578 / 996  ·  POP 147,067  ·  NC

PROJECTED GROWTH: +0.5%

Rowan County shows below-average economic momentum. Growth signals are flat or softening.

[01] Why Rowan County?

Rowan County, North Carolina, is often recognized for its rich history, particularly in Salisbury, the county seat, which was a significant trade and political center in western North Carolina during the 18th and 19th centuries. Located in the Piedmont region, it sits approximately an hour's drive from both Charlotte and the Greensboro/Winston-Salem Triad area, offering a blend of rural landscapes and urban amenities. Commuting is facilitated by Interstate 85, which bisects the county, providing access to major transportation corridors. The county also features notable natural attractions like High Rock Lake, the second-largest lake in North Carolina, and numerous parks, providing opportunities for outdoor recreation such as hiking, kayaking, and fishing.

Life in Rowan County offers a balance of small-town character and access to larger city conveniences. The Rowan-Salisbury School System serves nearly all of the county, with 32 schools. The local economy is experiencing growth, with recent investments in advanced manufacturing, data centers, and other industrial sectors. These developments contribute to job creation and aim to diversify the economic base beyond its historical reliance on industries like textiles. The county's strategic location and transportation networks are factors in attracting new businesses.

[02] Market Snapshot

Housing Ratio
4.5x

Below national median (4.7x)

GDP Growth
+2.0%

Below national median

Home Prices
+0.9%

Below national median

Climate & Terrain
-0.1

Below-average climate & terrain

Price/Rent
11x

Strong rental yield

Housing is fairly valued at 4.5x relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Rowan County U.S. National

The Numbers

DEMOGRAPHICS
Population
147,067
+0.88% YoY
Median Household Income
$59,717
Median Home Value
$187,300
+0.88% 12mo
Median Rent
$925
Average Annual Pay
$57,503
+4.2% YoY
Employment
50,595
-0.3% YoY
Income-to-Home-Value
0.3188
More affordable than average
Migration Inflow
4.72%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$330,150
Days on Market
86
Slower market
Months of Supply
5.3
Buyer's market
Sale-to-List Ratio
97.8%
Negotiation room for buyers
Sold Above List
16.4%
Listings w/ Price Drops
29.4%
Building Permits (2024)
592
Single-Family Permits
585

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$1,900M
TOTAL
PROJECT AMOUNT STATUS
Buck Energy Complex (Natural Gas Combustion Turbines)
Duke Energy
$850M Proposed
Jabil Manufacturing Facility (AI Data Center Infrastructure Support)
Jabil Inc.
$500M Planned
Long Ferry Road Data Center Campus (Potential)
EDC Charlotte LLC (Edged)
$500M Proposed
Community Solar Portfolio (Multiple Projects)
Various (e.g., Oppidum Renewables USA, LLC, Strata Manager, LLC, Duke Energy)
$50M Operating

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +2.0% 35 percentile
Population Growth +0.9% 68 percentile
Income Growth +11.4% 93 percentile
Vacancy Rate 1.1% 48 percentile
Home Price Change +0.9% 43 percentile
Rent Growth +3.2% 54 percentile
Price/Rent 11x 78 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Rowan County, NC a good place to move to?

Rowan County has a Boom Town Index score of 42/100, ranking #578 among 996 U.S. counties. With job growth at -0.3% and a median household income of $59,717, it faces some economic headwinds compared to faster-growing counties.

Is Rowan County affordable?

The median home value in Rowan County is $187,300 with median rent at $925/month. The income-to-home-value ratio is 0.3188, which is more affordable than the national average.

Is Rowan County growing or shrinking?

Population growth: +0.9% year-over-year. Job growth: -0.3%. Home values changed +0.9% in the past 12 months.

Are people moving to Rowan County?

Yes — 4.72% of Rowan County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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