Drexel, North Carolina

Population

Growing. Up 1.0% since 2020.

1,764

people, the 269th-largest of North Carolina's cities and towns.

Census Population Estimates, 2025. Rank among North Carolina's cities and towns computed by the Almanac. Sources: Census Population Estimates

The workday

Nearly every job here goes to someone who lives somewhere else.

96.0%

of 325 jobs located in Drexel are filled by in-commuters.

Census LEHD LODES, 2023. Sources: Census LEHD LODES

Rent

Median rent is down 4% since the 2005–2009 survey, before inflation.

$590

a month. North Carolina's median is $1,228.

Census ACS 5-year, 2020-2024 (latest), with earlier 5-year windows. Survey estimates for a place this size carry wide margins of error. Sources: Census ACS 5-year

The seam

Cross one tract line and median rent jumps $584.

A $584 gap between neighbors, the sharpest rent edge between adjacent tracts in Burke County.

• $690 Tract 209.02
• $1,274 Tract 212.02

Census ACS 5-year, 2020-2024, adjacent tracts compared by the Almanac. Tract estimates carry wide margins of error. Sources: Census ACS 5-year

Room to build

Local wages can carry more rent than the median charged today.

$701–$1,051

is the monthly rent range local workforce wages support.

• $590 median

Supportable rent computed by the Almanac from 2023 source wage data. Median rent: Census ACS 5-year, 2020-2024. Sources: Computed by the Almanac, Census ACS 5-year

Building

Most of the housing here is older than 2000.

• 94% of all homes were built before 2000

Census ACS 5-year, 2020-2024. Survey estimates for a place this size carry wide margins of error. Sources: Census ACS 5-year

Units needed

Closing the gap would add 0.1–0.3% to the 940 homes here.

1–3

is the estimated number of missing housing units, from the lowest to the highest of three estimates.

Range computed by the Almanac from 2023 jobs and household data, using three demand models: 1% of jobs located here, 1% of renter households, and a rate by town size applied to renters. The low end is the lowest of the three and the high end the highest. It is an estimate, not a count. Sources: Computed by the Almanac

Home value

A median home costs 26% less than North Carolina's.

$214,400

median home value in Drexel.

• $214,400 Drexel
• $288,900 North Carolina
• $332,700 U.S.

Census ACS 5-year, 2020-2024. Survey estimates for a place this size carry wide margins of error. Sources: Census ACS 5-year