North Carolina variant. This is a North Carolina-specific version of the Mortgage Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Mortgage Calculator.
With a median home value of $320,000 and an effective property tax rate of 0.82%, a typical North Carolina mortgage payment combines principal, interest, taxes, and insurance into a meaningfully different number than the sticker price suggests.
What drives a North Carolina mortgage payment
On the $320,000 median home with 20% down ($64,000), you'd finance about $256,000. At an illustrative 6.5% 30-year fixed rate, the principal-and-interest payment is roughly $1,618/month.
North Carolina's 0.82% effective property tax adds about $219/month, and homeowners insurance plus any PMI push the all-in payment higher still. Enter your real price, rate, and down payment above for an exact figure.
About taxes and housing in North Carolina
North Carolina uses a flat individual income tax rate that has been scheduled to decline over time toward roughly 3.99%.
North Carolina has a moderate effective property tax rate around 0.82%, with median home values near $320,000.
North Carolina's economy spans banking in Charlotte, technology and research in the Research Triangle, and manufacturing and agriculture statewide.
Worked example: $320,000 home in North Carolina
Price $320,000, 20% down ($64,000), loan $256,000 at 6.5% for 30 years → P&I ≈ $1,618/mo. Add property tax ≈ $219/mo (0.82% of value ÷ 12). Total before insurance ≈ $1,837/mo.
Quick reference
- State income tax: Flat 4.5% (decreasing to 3.99% by 2026)
- State sales tax: 4.75% (plus 2.23% avg local)
- Median home value: $320,000
- Median household income: $70,804
- Effective property tax rate: 0.82%
- Avg auto insurance: $1,230/yr
Frequently Asked Questions
How much is a mortgage on a $320,000 North Carolina home?
With 20% down at 6.5% over 30 years, principal and interest run about $1,618/month, before North Carolina's 0.82% property tax and insurance.
What is the property tax rate in North Carolina?
North Carolina's effective property tax rate is about 0.82% of home value per year.