North Carolina mortgage calculator
Estimate your monthly payment for a home in North Carolina, with property tax at the state average of 0.66% and home insurance included. Rates use the 7.4% national 30-year average from Freddie Mac (week of October 8, 2026).
Estimated monthly payment
- Loan amount
- $231,120
- Down payment
- $57,780
- Interest over 30 years
- $344,962
- Income needed (28% guideline)
- $79,520 a year
Estimate only. Mortgage insurance (PMI) is added when the down payment is under 20%. Real taxes, insurance and lender fees vary by property.
How this is calculated. Principal and interest use the standard fixed-rate loan formula. Property tax uses the North Carolina average effective rate: the median real estate tax paid divided by the median home value. Home insurance is a general estimate that you can change.
Sources: Freddie Mac mortgage rate survey, week of October 8, 2026; U.S. Census Bureau American Community Survey, 2020–2024. Updated October 2026. Full methodology.
What a typical home costs per month in North Carolina
A home valued at the North Carolina median of $288,900 (the Census Bureau's figure for owner-occupied homes), bought with 20% down at 7.4% over 30 years, comes to about $1,855 a month. That is $1,600 in principal and interest, $159 in property tax and $96 in insurance.
Over a year that is 30.8% of the state's median household income of $72,388. Keeping housing costs near 28% of gross income would take a household income of about $79,520.
Property tax in North Carolina
North Carolina has the 36th highest effective property tax rate of the 50 states at 0.66%, below the typical state rate of 0.80%. The median North Carolina homeowner pays $1,896 a year.
| Home price | Tax per year | Tax per month |
|---|---|---|
| $200,000 | $1,313 | $109 |
| $300,000 | $1,969 | $164 |
| $400,000 | $2,625 | $219 |
| $500,000 | $3,281 | $273 |
| $750,000 | $4,922 | $410 |
These figures apply the statewide average rate. Rates differ between counties and taxing districts, and some homes qualify for exemptions.
States with similar property tax rates
- Mississippi0.72% (33rd highest)
- New Mexico0.70% (34th highest)
- California0.70% (35th highest)
- Wyoming0.57% (37th highest)
- Arkansas0.55% (38th highest)
- Louisiana0.55% (39th highest)
Questions about North Carolina mortgage payments
What is the property tax rate in North Carolina?
The average effective property tax rate in North Carolina is 0.66%. Census Bureau data shows homeowners paid a median of $1,896 a year on homes with a median value of $288,900. Your own rate depends on your county, city and school district.
How much is the monthly mortgage payment on a median-value home in North Carolina?
About $1,855 a month including property tax and insurance, assuming 20% down at 7.4% on a 30-year loan. Principal and interest alone come to $1,600.
How much income do I need to buy a home in North Carolina?
A common guideline keeps housing costs under 28% of gross income. For the median-value home above, that works out to about $79,520 a year. Lenders also look at debts, credit score and savings, so your own number may differ.
Does this calculator include property tax and insurance?
Yes. It adds property tax at 0.66% of the home price and home insurance at 0.4% of the home price as a starting estimate. Change either number to match a real quote. Mortgage insurance is added automatically when the down payment is under 20%.
Last updated October 2026. See the methodology for sources and limits.