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Rowan County, NC

RANK #498 / 1001 NAT  ·  #30 / 51 NC  ·  POP 149,875

1YR FORECAST: -0.3%

5YR OUTLOOK: +28%

Rowan County's housing market is projected to grow -0.3% over the next year, tracking near the national average.

[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.

MARKET PROFILE

Idiosyncratic Markets

Rowan County's data profile doesn't fit any single market profile cleanly — its housing, labor, and demographic signals pull in different directions (home prices +1.6% YoY, population +0.9%, wages +5.9%). About 414 U.S. counties show this kind of mixed-signal pattern.

See all 414 Idiosyncratic Markets counties →

[02] Market Snapshot

Housing Ratio
11.5x

Overvalued relative to economy

Home Prices
+1.6%

Below national median

Climate & Terrain
-0.1

Below-average climate & terrain

Price/Rent
15x

Below national median (15x)

Housing looks overvalued at 11.5x — home prices are high relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Food Lion Retail
    2,500+
  2. 2
    Rowan-Salisbury Schools Education
  3. 3
    Veterans Administration (Salisbury VA) Healthcare
    1,000+
  4. 4
    Daimler Trucks North America (Freightliner) Manufacturing
  5. 5
    Novant Health Rowan Medical Center Healthcare
  6. 6
    Rowan County Government Government
  7. 7
    Rowan-Cabarrus Community College Education
    500+
  8. 8
    Chewy Retail
  9. 9
    N.C. Department of Public Safety Government
    250+
  10. 10
    R and L Carriers Logistics

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Rowan County U.S. National

Bars show trailing 12-month growth. The dashed Forecast bars are the model's next-12-month projection; the whisker marks the ±1% range (cooling–accelerating).

The Numbers

DEMOGRAPHICS
Population
149,875
+0.93% YoY
Median Household Income
$65,725
Median Home Value
$238,400
+1.59% 12mo
Median Rent
$1,013
Average Annual Pay
$60,923
+5.9% YoY
Employment
51,107
+1.0% YoY
Income-to-Home-Value
0.2757
More affordable than average
Migration Inflow
4.39%
of pop. from another state
Bachelor's Degree+
23.3%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$320,000
Days on Market
55
Moderate pace
Months of Supply
3.7
Balanced market
Sale-to-List Ratio
98.2%
Near asking price
Sold Above List
16.0%
Listings w/ Price Drops
27.2%
Building Permits (2025)
957
Single-Family Permits
943

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

[05] Crime & Safety

D
SAFETY
GRADE
Homicide Rate
9.7
per 100K · nat avg 6.3
Firearm Fatalities
19.9
per 100K · nat avg 14.8
Injury Deaths
127.8
per 100K · nat avg 76.3
vs National Average
Well above national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B-
AIR QUALITY
GRADE
Median AQI (3yr)
45.7
Good
Good Air Days
63%
684 of 1,091 days
Unhealthy+ Days (3yr)
3
Sensitive groups affected
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
44
2022
46
2023
47
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] 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.

[08] Score Breakdown

Population Growth +0.9% 64 percentile
Income Growth +4.0% 78 percentile
Vacancy Rate 1.1% 43 percentile
Home Price Change +1.6% 49 percentile
Rent Growth +0.7% 17 percentile
Price/Rent 15x 54 percentile

Bars show percentile rank among all 1001 counties.

[09] Frequently Asked Questions

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

Rowan County scores 50/100 on the Boom Town Index, landing in the middle of the pack among 1001 U.S. counties (#498). Median household income is $65,725 and job growth is running at +1.0%. The data points to a county with mixed signals — some positive indicators alongside areas that lag faster-growing peers.

Is Rowan County affordable?

Housing in Rowan County is roughly in line with national affordability norms. The median home costs $238,400 and the income-to-home-value ratio sits at 0.28, with rents averaging $1,013/month. Not a bargain, but not a stretch for most local earners either.

Is Rowan County growing or shrinking?

Rowan County's population is growing — up +0.9% YoY — while the job market is roughly flat (employment change of +1.0%). Home values shifted +1.6% over the past year. In-migration is outpacing local hiring, which often points to remote workers or retirees driving the headcount.

Are people moving to Rowan County?

There's a moderate stream of newcomers. About 4.39% of residents moved from another state, which is above average and suggests Rowan County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[10] Similar Counties by Size & Score

Alamance County, NC 50 Gaston County, NC 52 Cumberland County, NC 48 Forsyth County, NC 48 Guilford County, NC 54 Wilson County, NC 54 Warren County, NJ 50 Clinton County, MI 50