Cost of Ownership · North Carolina

The true cost of owning a home in North Carolina

For a median $259,400 home in North Carolina, here is the full monthly cost — not just the mortgage. Built from public data: the state's median home value and effective property-tax rate, its average homeowners premium, and the current 30-year rate. This is a representative example, not a quote.

As of Jul 5, 2026Methodology true-cost-v3

Lender-approved payment

$1,849/mo

PITI + PMI

True monthly cost

$2,065/mo

everything, incl. upkeep

The gap

+$216/mo

what approval leaves out

Principal & interest$1,465/mo

Property tax$151/mo

Homeowners insurance$135/mo

PMI (LTV > 80%)$97/mo

Maintenance reserve$216/mo

True monthly cost$2,065/mo

Effective property-tax rate

0.70%

Avg. homeowners premium

$1,621/yr

NFIP flood claims on record

109,539

These figures use North Carolina’s median home value and a 10% down payment as a representative example. Your price, rate, and county rate will differ — run your own numbers in the True Cost tool, see how North Carolina ranks on property tax and insurance, or browse every state.