🏦 Mortgage Calculators North Carolina

How Much House Can I Afford in North Carolina?

Find out how much house you can afford in North Carolina with 0.84% property tax. Uses 28/36 rule with North Carolina-specific data.

Free — No Sign-up Verified Data Editorially Reviewed Updated Feb 2026

North Carolina Quick Facts

4.5% Income Tax Rate

0.84% Property Tax Rate

$60,516 Median Income

95.1 Cost of Living

How This Calculator Works

Calculation methodology and assumptions

Calculates home affordability in North Carolina using the 28/36 rule. Maximum 28% of gross monthly income for housing (PITI). Includes North Carolina's effective property tax rate of 0.84% and average home insurance of $2,180/year. Median home price in North Carolina: $315,000.

Key State Information

North Carolina housing market: Median home price $315,000 | Property tax rate 0.84% | Avg home insurance $2,180/yr | Median household income $60,516. Homes are expensive relative to income.

Standard financial formulas Pre-filled with real state data Estimates only — not financial advice

Data Source

Census Bureau, Zillow, Tax Foundation

View Original Source | Verified 2024-12-01 | Updated annually

Frequently Asked Questions

How much house can I afford on the median income in North Carolina?

With North Carolina's median household income of $60,516 and a 10% down payment, you can typically afford a home priced around $211,806-$272,322 depending on debts and interest rates. The median home in North Carolina costs $315,000.

What is the property tax rate in North Carolina?

North Carolina's effective property tax rate is 0.84%. On a $315,000 home, that's approximately $2,646/year or $221/month.