2026 data · 0.73% property tax · Median home $280,000
North Carolina Mortgage Calculator
A median-priced home in North Carolina ($280,000) costs roughly $1,796 per month all-in (PITI), assuming 20% down and a 30-year fixed at 7.0%. North Carolina's effective property tax rate is 0.73% — well below the US average of about 1.0%.
North Carolina median-home monthly payment
$1,796/mo
P&I $1,490 · Tax $170 · Insurance $135
@ $280,000 price, 20% down, 30-yr fixed at 7.0%
For a custom calculation with your specific numbers (different down payment, rate, term, or home price), use the main mortgage calculator — it includes a full amortization schedule.
Monthly payments at common home prices in North Carolina
| Home price | 20% down | P&I | Prop tax | Insurance | Total PITI/mo |
|---|---|---|---|---|---|
| $200,000 | $40,000 | $1,064 | $122 | $97 | $1,283 |
| $280,000 (state median) | $56,000 | $1,490 | $170 | $135 | $1,796 |
| $300,000 | $60,000 | $1,597 | $183 | $145 | $1,924 |
| $400,000 | $80,000 | $2,129 | $243 | $193 | $2,566 |
| $500,000 | $100,000 | $2,661 | $304 | $242 | $3,207 |
| $750,000 | $150,000 | $3,992 | $456 | $363 | $4,811 |
Calculations use North Carolina's 0.73% effective property tax rate, estimated homeowners insurance at 0.58%/year of home value, 30-year fixed at 7.0%, no PMI (20% down). Closing costs not included.
North Carolina property tax
Effective rate
0.73%
Median home value
$280,000
Median property tax
$2,050/yr
North Carolina has below-average property tax rates statewide. Homestead exclusion for 65+ or disabled provides $25,000 or 50% of value (whichever greater). Property tax is paid annually in arrears.
See our property tax calculator for a state-by-state property tax breakdown, and our North Carolina paycheck calculator to estimate take-home pay against this monthly housing cost.
North Carolina vs neighboring states
| State | Property tax rate | Median home | Median tax/yr | |
|---|---|---|---|---|
| North Carolina (this page) | 0.73% | $280,000 | $2,050 | |
| Virginia | 0.80% | $348,300 | $2,780 | Virginia mortgage → |
| Tennessee | 0.56% | $269,600 | $1,520 | Tennessee mortgage → |
| Georgia | 0.83% | $273,400 | $2,250 | Georgia mortgage → |
| South Carolina | 0.55% | $249,100 | $1,372 | South Carolina mortgage → |
FAQs about North Carolina mortgages
What is the property tax rate in North Carolina?
North Carolina's effective property tax rate is 0.73%, meaning the average homeowner pays roughly 0.73% of their home's value in property tax annually. On a $280,000 home (the state median), that's about $2,050 per year, or $171 per month added to your mortgage payment.
What is the average monthly mortgage payment in North Carolina?
For a home at North Carolina's median value of $280,000, assuming 20% down, a 30-year fixed mortgage at 7.0%, and North Carolina's 0.73% property tax + estimated insurance, the typical monthly PITI payment is approximately $1,796. This includes $1,490 principal & interest, $170 property tax, and $135 homeowners insurance.
How much income do I need to buy a house in North Carolina?
Using the standard 28% front-end DTI rule, you'd need annual income of approximately $76,971 to comfortably afford North Carolina's median-priced home. Lenders typically allow up to 43% total DTI (including all debts), which corresponds to about $50,121 annual income at the maximum end. Your specific qualification depends on credit score, down payment, debts, and lender requirements.
Is North Carolina a good state to buy a house?
North Carolina's combination of 0.73% property tax (well below the national average of ~1.0%) and median home value of $280,000 place it in the mid-range of state housing markets nationally. North Carolina has below-average property tax rates statewide.
How does North Carolina property tax compare to neighboring states?
North Carolina's 0.73% rate compares to: Virginia at 0.80%, Tennessee at 0.56%, Georgia at 0.83%, South Carolina at 0.55%. Property taxes can differ substantially between bordering states — moving 30 miles across a state line can change your annual tax bill by thousands.
Does North Carolina have a homestead exemption?
North Carolina has below-average property tax rates statewide. Homestead exclusion for 65+ or disabled provides $25,000 or 50% of value (whichever greater). Property tax is paid annually in arrears.
What's included in PITI?
PITI stands for Principal, Interest, Taxes, and Insurance — the four standard components of a mortgage payment. For your North Carolina mortgage, the breakdown on a median-priced home would be: Principal & Interest $1,490, Property Tax $170, Homeowners Insurance $135. Add PMI if your down payment is under 20%, and HOA fees if your home is in a community with one.