Cost of Ownership · North Carolina
The true cost of owning a home in North Carolina
For a median $288,900 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.
Lender-approved payment
$2,059/mo
PITI + PMI
True monthly cost
$2,299/mo
everything, incl. upkeep
The gap
+$241/mo
what approval leaves out
Effective property-tax rate
0.66%
Avg. homeowners premium
$1,621/yr
NFIP flood claims on record
109,539
Closing costs in North Carolina
Median closing costs and lender origination charges on real home-purchase loans in North Carolina, from public CFPB HMDA data. Cells with fewer than 25 loans aren't shown.
Median total closing costs
$5,726
Typically $4,105–$9,153
Median origination charges
$2,500
Typically $1,438–$4,717
| Loan size | p25 | Median | p75 | Loans |
|---|---|---|---|---|
| All | $4,105 | $5,726 | $9,153 | 127,496 |
| All | $3,880 | $5,585 | $8,923 | 124,745 |
| < $250k | $3,723 | $4,983 | $7,295 | 36,439 |
| < $250k | $3,576 | $4,874 | $7,178 | 41,145 |
| $250k–$500k | $4,237 | $6,310 | $10,060 | 69,845 |
| $250k–$500k | $4,068 | $6,255 | $10,081 | 66,521 |
| $500k–$750k | $4,062 | $5,653 | $10,132 | 13,031 |
| $500k–$750k | $4,320 | $5,527 | $10,055 | 14,476 |
| > $750k | $5,020 | $6,486 | $9,745 | 6,736 |
| > $750k | $4,778 | $6,272 | $10,066 | 4,048 |
Compare your own Loan Estimate with the Loan Estimate Decoder, or see every state in the Fee & Rate Index.
Common questions about buying a home in North Carolina
- What are the median closing costs in North Carolina?
- Median total closing costs — lender and third-party charges — on a home-purchase loan in North Carolina are about $5,726, from public CFPB HMDA data. Cells with fewer than 25 loans are suppressed.
- What is the effective property-tax rate in North Carolina?
- The effective property-tax rate in North Carolina is about 0.66%, from the Census American Community Survey (median real estate taxes divided by median home value).
- What does a median home cost to own each month in North Carolina?
- A median $288,900 home in North Carolina costs about $2,299 a month to own — principal, interest, property tax, insurance, PMI, and a maintenance reserve — versus a lender-approved payment of about $2,059. Every figure is from public data.
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.