Raleigh, NC variant. This is a Raleigh, NC-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.
Raleigh's $425,000 median home and 0.86% property tax make for a distinctive mortgage payment. High-cost metros front-load the principal-and-interest portion.
Mortgage payment in Raleigh
On the $425,000 median home with 20% down ($85,000), you'd finance $340,000. At 6.5% over 30 years, P&I ≈ $2,149/month.
Add Raleigh's 0.86% property tax (≈ $305/month) plus insurance for the all-in payment.
About Raleigh, NC
Raleigh applies North Carolina's flat state income tax along with state and local sales taxes.
Raleigh's home prices sit above the national average amid steady population and job growth.
Raleigh anchors the Research Triangle and has a robust technology and research sector, with a cost of living above the national average.
Worked example: $425,000 Raleigh home
Loan $340,000 at 6.5% for 30 years → $2,149/mo P&I. Property tax ≈ $305/mo. Total before insurance ≈ $2,454/mo.
Quick reference
- Median home value: $425,000
- Median rent: $1,700/mo
- Median household income: $79,964
- Local sales tax: 7.25%
- Effective property tax rate: 0.86%
- Cost of living index: 105 (US avg = 100)
Frequently Asked Questions
How much is a mortgage in Raleigh?
About $2,149/month P&I on the $425,000 median home with 20% down at 6.5%.
What is the property tax rate in Raleigh?
About 0.86% of home value per year.