North Carolina Mortgage & Property Tax Guide 2025
North Carolina has an average property tax rate of 0.84% and a state income tax of 4.5% flat. The median home price is approximately $302,000.
Is North Carolina a Good State to Buy a Home?
NC combines affordable housing, a growing tech economy, and mild climate. The Research Triangle continues to attract major employers like Apple, Google, and biotech firms, driving steady home price appreciation.
Property Tax in North Carolina
On a $302,000 home in North Carolina, you would pay approximately $2,537/year (211/month) in property taxes at the 0.84% average rate. Rates vary by county.
What is the average mortgage payment in North Carolina?
For a $390,000 home with 20% down at 7.2% over 30 years, expect to pay approximately $2,524/month including property tax and insurance in North Carolina.
How much income do I need to buy a house in North Carolina?
To comfortably afford a $390,000 home in North Carolina (28% DTI rule), you typically need a household income of at least $108,000/year.
Does North Carolina have a first-time home buyer program?
Yes. North Carolina offers state-level down payment assistance and mortgage credit certificate programs for eligible first-time buyers. Contact your local housing finance agency for current income and purchase price limits.