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303 Rice St, Kannapolis, NC, 28081

3beds
1baths
845sqft
$197,500
$234price/sqft
$1,463/moest. monthly cost
$58,520/yrincome needed

About This Home

Great opportunity in Kannapolis! This one-story home features 3 bedrooms, 1 bathroom, a comfortable living room, dedicated laundry room, and a kitchen with an eat-in breakfast area. The property also includes a covered carport and a wooded backyard that offers privacy and a natural setting. Ideal for homeowners or investors, this home has a strong rental history with previous tenants paying between $1,390 and $1,450 per month over the last six years. Conveniently located near shopping, dining, downtown Kannapolis, and major highways. Don't miss this versatile property with excellent income-producing potential.

Getting Around

26
WalkingCar-Dependent
20
TransitMinimal Transit
19
BikeSomewhat Bikeable

Schools

5/10
Landis Elementary SchoolGrades K-51.8 mi
2/10
3/10
South Rowan High SchoolGrades 9-123.1 mi

Construction

Condition

  • Year built: 1940

Materials

  • Foundation: Crawl Space
  • Construction materials: Vinyl

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Electric Range,Refrigerator
  • Laundry features: Laundry Room

Bathroom Full

  • Level: Main

Bedroom S

  • Level: Main

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bedrooms: 3

Breakfast

  • Level: Main

Breakfast

  • Level: Main

Features

  • Attic Other
  • Window features: Insulated Windows
  • Attic: Other
  • Finished area below ground: 0
  • Finished area above ground: 845

Heating & Cooling

  • Heating features: Electric,Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 845
  • Total interior livable area: 845 sqft

Kitchen

  • Level: Main

Living Room

  • Level: Main

Primary Bedroom

  • Level: Main

Property

Details

  • Parcel number: 156195
  • Zoning: Res
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1

Lot

  • Lot size: 0.17 Acres
  • Lot size dimensions: 50 x 152 x 50 x 152

Parking

  • Total spaces: 1
  • Parking features: Detached Carport,Driveway
  • Covered spaces: 1
  • Has uncovered spaces: Yes
  • Carport: Yes
  • Carport spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Ice Storm
    Ice StormRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Ice Storm
Inland Flooding
Lightning
Strong Wind
Tornado
Winter Weather

FEMA Declared Disasters in Rowan County and North Carolina

Flood
Hurricane
Mud Landslide
Severe Storm
Tropical Depression
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $998$11,976
Home Insurance *$80$960
Property Taxes $185$2,220
Electricity $200$2,405
Total$1,463$17,556
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$50,160/yr
40% on housing$43,890/yr
45% on housing$39,013/yr

North Carolina FAIR Plan Programs

North Carolina Joint Underwriting Association - FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

NCIUA - Coastal Property Insurance Pool (CPIP)

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 235,990Commercial: 10,165
Total Premiums$278.20M
Total Exposure$57.33B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 13.7%
13.7%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: 6.8%
6.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$234This listing

vs Other Active Listings

Avg $/sqft

ZIP 28081$147
Rowan County$158

vs Homes Sold Last Month

Median $/sqft

ZIP 28081$194
Rowan County$178

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-06-25Price change$197,500
2026-05-31Listed for sale$205,000
2026-05-28Listing removed$1,490
2026-02-20Listed for rent$1,490
2022-02-01Sold$290,000

For Sale by Agent

AgentJosh Fretz
BrokerageRE/MAX Executive

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