Market Overview
Home Prices in Ararat, NC
The median home value in Ararat, NC is $284,848 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 16.9% compared to a year ago and up 2.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Ararat are priced31% below average. Ararat is part of the Mount Airy, NC metro area.
Over the past five years, Ararat home values have risen by approximately58.6%, reflecting strong long-term appreciation in this market.
Price History
Ararat Home Price Trend
City Comparison
Ararat vs. National Median
At $284,848, homes in Ararat cost 31% below the national median of $410,000. This makes Ararat a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Ararat?
20% Down Payment
$56,970
on $284,848
Monthly P&I
$1,486/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,887/mo
incl. taxes & insurance
Income Needed
$75,480
gross annual (30% rule)
10% Down Option
$28,485
+ PMI applies
Loan Amount (20% dn)
$227,878
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Ararat, NC?
The median home value in Ararat is $284,848 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 16.9% year-over-year.
How much have home prices changed in Ararat?
Over the past year, home values in Ararat have increased by 16.9%. Over five years, prices have risen approximately 58.6%.
How much do I need to earn to buy a home in Ararat?
To comfortably afford the median home price of $284,848 with a 20% down payment ($56,970) at today's rates (6.8%), you'd need a gross annual income of approximately $75,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Ararat compare to the national average home price?
The national median home value is approximately $410,000. At $284,848, homes in Ararat are 31% below the national average.
What metro area is Ararat part of?
Ararat is part of the Mount Airy, NC metropolitan area. Home prices and market conditions can vary across the broader metro region.