Graham, North Carolina Rental Market Trends

Disclaimer:

Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Graham, North Carolina rental market.

Graham, North Carolina

Average Apartment Rent

$1,304

Y-o-Y Change in Average
Apartment Rent

4.6%

As of June 2025

Compared to a year ago, Graham, North Carolina apartments have recorded a 4.6% rent increase.

Graham, North Carolina Average apartment rent trend

Median Rent Nov 2022 Mar 2023 Jul 2023 Nov 2023 Mar 2024 Jul 2024 Nov 2024 Mar 2025
Graham $1,192 $1,226 $1,237 $1,251 $1,250 $1,258 $1,283 $1,304
National $1,703 $1,703 $1,722 $1,710 $1,716 $1,736 $1,729 $1,736
Graham
National
Nov 2022
$1,192
$1,703
Mar 2023
$1,226
$1,703
Jul 2023
$1,237
$1,722
Nov 2023
$1,251
$1,710
Mar 2024
$1,250
$1,716
Jul 2024
$1,258
$1,736
Nov 2024
$1,283
$1,729
Mar 2025
$1,304
$1,736

Graham, North Carolina Average Apartment Rent

Graham, North Carolina Apartment rent ranges

Under $1,000
$1,001 - $1,500
$1,501 - $2,000
$2,001 - $2,500
$2,501 - $3,000
Over $3,000

At 77.89%, apartments priced $1,000 - $1,500 represent the bulk of Graham, North Carolina rentals, while condos priced $2,000 - $2,500 hold the lowest share of the market – 0.12%.

Graham, North Carolina Housing tenure**

Renter occupied housing units 3,452
Owner occupied housing units 4,044

Renters take up 46% of Graham, North Carolina real estate, occupying a total of 3,452 units, while homeowners live in 4,044 properties.

Median number of rooms of renter-occupied housing units**

4.4

Renter median household income**

$40,196

Average household size of renter-occupied housing units**

2.14

Rental vacancy rate**

4.7%

Graham, North Carolina Renter-occupied housing units by no. of bedrooms**

No bedrooms 98
1 bed 833
2 beds 1,589
3 beds 880
4 beds 52

There are 1,589 rentals in Graham, North Carolina with 2 beds making up the highest share of the market, at 46%. Units with 4 beds, on the other hand, hold the lowest percentage (2%), amounting to 52 units. Overall, the median number of rooms in Graham, North Carolina homes for rent is 4.4.

Graham, North Carolina Renter-occupied units by age of householder**

15 - 24 years 410
25 - 34 years 1,061
35 - 44 years 507
45 - 54 years 412
55 - 59 years 284
60 - 64 years 298
65 - 74 years 286
75 - 84 years 131
85 years and over 63

Most condos for rent in Graham, North Carolina are occupied by residents in the 25 - 34 years age group (31%), followed by those in the 35 - 44 years age group (15%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.

Graham, North Carolina Renter-occupied housing units by family type**

Family households 1,803
Non-Family Households 1,649

Graham, North Carolina Renter-occupied housing units by the presence of own children**

With related children of the householder under 18 1,181
No related children of the householder under 18 2,271

A total of 1,803 apartments for rent in Graham, North Carolina, or 52% of all rentals are family households. Additionally, 34% of rental homes include children under the age of 18 – that’s 1,181 units. All in all, the median size of a renter-occupied household in Graham, North Carolina is 2.14.

Graham, North Carolina Renter-occupied housing units by educational attainment**

Less than high school graduate 451
High school graduate (including equivalency) 1,140
Some college or associate's degree 1,338
Bachelor's degree or higher 523

In terms of education, renters holding bachelor degrees or higher make up 15% of the rental market. In contrast, residents with less than a high school degree reside in 13% of the homes for rent in Graham, North Carolina.

Graham, North Carolina Renter-occupied units by year structure built**

Built 2020 or later 34
Built 2010 - 2019 624
Built 2000 - 2009 206
Built 1990 - 1999 536
Built 1980 - 1989 316
Built 1970 - 1979 610
Built 1960 - 1969 404
Built 1950 - 1959 321
Built 1940 - 1949 127
Built 1939 or earlier 274

The highest share of Graham, North Carolina apartment rentals, namely 18% or 624 units, were Built 2010 - 2019, followed by those Built 1970 - 1979 (18%, 610 units), and the ones Built 1990 - 1999 (16%, 536 units).

Graham, North Carolina Renter-occupied units by year householder moved in**

Moved in 2021 or later 103
Moved in 2018 to 2020 1,447
Moved in 2010 to 2017 1,464
Moved in 2000 to 2009 362
Moved in 1990 to 1999 34
Moved in 1989 or earlier 42

Median year renter moved into unit 2017

Most Graham, North Carolina renters (42%) moved in 2010 to 2017, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Graham, North Carolina condos for rent is 2017.

Graham, North Carolina Renter-occupied housing units by vehicles available**

No vehicle available 198
1 vehicle available 1,977
2 vehicles available 1,000
3 vehicles available 186
4 vehicles available 60
5 or more vehicles available 31

When it comes to transportation options, 57% of Graham, North Carolina renters have 1 vehicle available per household, 29% of them have 2 vehicles available, and 6% have No vehicle available.

Graham, North Carolina Means of transportation to work of householders living in renter-occupied housing units**

Car, truck, or van - drove alone 2,705
Car, truck, or van - carpooled 145
Taxicab, motorcycle, bicycle, or other means 154
Worked at home 86

Graham, North Carolina Geographical mobility in the past year for householders living in renter-occupied housing units**

Same house as 1 year ago 5,836
Moved within same county 1,046
Moved from different county within same state 159
Moved from different state 231

The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Graham, North Carolina apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.

*Average single-family rent calculated from point2homes.com data.

**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates

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