What is the property tax rate in North Carolina?

North Carolina's average property tax rate is 0.82%, which is low compared to the national average of 1.07%. On a $330,000 home, that's approximately $226/month in property taxes.

North Carolina Mortgage Calculator 2026

North Carolina has emerged as one of the most dynamic states for housing demand, driven by the explosive growth of Charlotte (banking and finance) and the Research Triangle (Raleigh-Durham-Chapel Hill, home to major tech and pharmaceutical companies). Low property taxes and a declining flat income tax make NC increasingly competitive.

$330,000

Median Home Price

0.82%

Property Tax Rate

Low

7.25%

Avg 30-yr Rate

$2,159

Est. Monthly (PITI)

Calculate Your North Carolina Mortgage Payment

Pre-filled with North Carolina averages — adjust any value to match your situation.

Purchase Price ($)

Down Payment (%)

= $66,000 down

Annual Interest Rate (%)

Loan Term (years)

Monthly Tax ($)

Monthly Insurance ($)

Estimated Monthly Payment Breakdown

Based on $330,000 home price, 20% down, 30-year fixed at 7.25%.

Principal & Interest

$1,801/mo

Property Tax

$226/mo

Homeowners Insurance

$133/mo

Total (PITI)

$2,159/mo

North Carolina Property Taxes & Income Tax

North Carolina's 0.82% property tax rate is below the national average. The state offers an Elderly/Disabled Exclusion for qualifying homeowners. North Carolina's income tax is a flat 4.5% (being reduced over time), making it increasingly competitive.

✅ Homestead Exemption available — North Carolina offers a homestead exemption for owner-occupied primary residences, reducing your property tax bill.

North Carolina Homeowners Insurance

🌀Hurricane Zone

North Carolina faces hurricane risk along its coast (Outer Banks, Wilmington, New Bern). Inland areas have more moderate costs. The state also faces tornado risk in the Piedmont region. Annual insurance ranges from $1,400–$2,500 coastal to $1,200–$1,800 inland. Budget $100–$210/month.

North Carolina Housing Market Overview

Charlotte has become a major banking and financial services hub (Bank of America, Wells Fargo), driving strong job growth. The Research Triangle has attracted major tech and pharma companies (Apple, Google, Pfizer, Biogen). Both metros remain more affordable than comparable coastal cities. Fort Liberty (formerly Fort Bragg) and Camp Lejeune support significant military housing demand.

Frequently Asked Questions

What is the average mortgage payment in North Carolina?

Based on North Carolina's median home price of $330,000, a 20% down payment, and a 30-year fixed rate of 7.25%, the estimated total monthly payment (PITI) is approximately $2,159/month.

What is the conforming loan limit in North Carolina?

The conforming loan limit in North Carolina is $766,550. Loans above this amount are jumbo loans requiring stronger credit and larger down payments.

Can I get a USDA loan in North Carolina?

Yes — North Carolina has USDA-eligible rural areas where qualifying buyers can purchase a home with zero down payment. Use the USDA eligibility map to check specific addresses.

Are VA loans available in North Carolina?

Yes — eligible veterans, active-duty service members, and surviving spouses can use VA loans in North Carolina with no down payment and no PMI. The VA loan limit in North Carolina is $766,550.

North Carolina Loan Limits

Conventional$766,550

FHA$472,030

VANo limit (full entitlement)

Jumbo starts at$766,551

North Carolina Homebuyer Programs

NC Home Advantage Mortgage

North Carolina Housing Finance Agency (NCHFA)

Down payment assistance of up to 3% of the loan amount for qualifying first-time and move-up buyers in North Carolina.

Learn more →

Loan Types Available

✓Conventional (30-yr, 15-yr, ARM)

✓FHA (3.5% down)

✓VA (0% down for veterans)

✓USDA (0% down, rural areas)

Compare Neighboring States

Virginia0.82% tax Tennessee0.71% tax Georgia0.92% tax South Carolina0.57% tax

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