North Carolina · NC

North Carolina Mortgage Calculator

Pre-filled for North Carolina: median home price $335,000, average property tax rate 0.82%. Adjust any slider to make it yours.

North Carolina housing at a glance

Median home price: $335,000
Effective property tax rate: 0.82% / yr
Annual property tax (median home): $2,747
Est. monthly tax escrow: $229
State income tax: Yes

Sources: regional housing data 2025 (median price), state assessor averages 2024–2025 (tax rate).

Buying a home in North Carolina

The median home price in North Carolina is around $335,000 and the effective property tax rate averages 0.82%of assessed value per year. Most lenders look for a debt-to-income (DTI) ratio under 43%, meaning your total monthly debt payments (including this mortgage) shouldn't exceed 43% of your gross income.

A 20% down payment on the median home in North Carolina is $67,000. Putting down at least 20% eliminates private mortgage insurance (PMI), which typically adds 0.3–1.5% of the loan amount per year to your monthly payment.

Transfer tax & closing costs in North Carolina

North Carolina's excise tax (revenue stamps) is $1 per $500 of price (0.2%), paid by seller. Seven coastal counties charge an additional 1% land transfer tax.

Beyond transfer taxes, total closing costs in North Carolinatypically range from 2–5% of the purchase price — including lender origination fees, title insurance, appraisal, and prepaid interest. On the median home that's roughly $6,700–$16,750.

Foreclosure & legal context

Foreclosure type: Non-judicial (trustee sale)
Security instrument: Deed of Trust
Deficiency liability: Recourse

North Carolina mortgage FAQ

What is the monthly mortgage payment for a median-priced home in North Carolina?: At the current 30-year fixed rate of ~6.81%, a $335,000 home in North Carolina with 20% down ($67,000) carries a principal-and-interest payment of ~$1,749/mo. Add property tax (~$229/mo at 0.82%) and homeowners insurance and your total is roughly $1,978/mo. Use the calculator above to adjust for your exact down payment and rate.
What is the property tax rate in North Carolina?: The effective statewide property tax rate in North Carolina averages 0.82% of assessed value per year. On a $335,000 home, that works out to roughly $2,747 per year ($229/mo). Individual county rates vary.
Does North Carolina have a state income tax?: Yes, North Carolina has a state income tax. This affects your net take-home pay and therefore your effective purchasing power — use our salary calculator to estimate what's left after tax.
What are the closing costs and transfer taxes in North Carolina?: North Carolina's excise tax (revenue stamps) is $1 per $500 of price (0.2%), paid by seller. Seven coastal counties charge an additional 1% land transfer tax.
What type of foreclosure does North Carolina use?: North Carolina uses non-judicial (trustee sale) foreclosure, which typically moves faster than court-supervised processes.

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