US Real Estate & Mortgage Research Analyst
Published: August 9, 2026 · Updated: August 9, 2026
Key Takeaways for North Carolina
- • Median owner-occupied home value: $288,900 (2024).
- • National rank: #27 highest of 50 states — near the middle of the national range.
- • Higher than 23 other states; $11,050 (4%) below the ~$299,950 U.S. midpoint.
- • Typical property tax on a median-priced home: ~$1,907/year using the state effective rate of 0.66%.
The median owner-occupied home in North Carolina is worth about $288,900, making it near the middle of the national range. Because this is a statewide median, it smooths over big local differences — a home in a major metro can cost far more than one in a rural county.
How North Carolina Compares
The median of the 50 state medians is about $299,950. North Carolina sits below that midpoint by $11,050 — about 4%. Only 26 states have a higher median, and 23 have a lower one.
Typical Property Tax on a Median-Priced Home
$288,900 × 0.66% = ~$1,907/year
That is about $159/month through escrow. This is an illustrative estimate using North Carolina's state-level effective rate on the state median home value — not your actual bill, which depends on your locality, exemptions, and assessed value. For specifics, see our North Carolina Property Tax page.
What This Means for Buyers
A higher home value means a larger mortgage and, usually, more property tax. Use our Mortgage Payment Calculator to turn North Carolina's median price into a full PITI payment, and our Property Tax Calculator for a tax estimate using your own numbers. See the full state-by-state table to compare North Carolina with neighbors.
Sources
U.S. Census Bureau — ACS 2024 5-Year Estimates, table B25077 (compiled by US Data Explorer) — https://usdataexplorer.com/ranking/median-home-value/states
Median value (dollars) of owner-occupied housing units, self-reported estimated market value. 2024 ACS 5-Year release (covers 2020–2024); subject to margin of error.
Retrieved: 2026-08-09.
Explore More
- Median Home Value by State — full table
- North Carolina Property Tax — the effective rate and a worked tax example.
- Property Tax by State — compare rates across all 50 states and DC.
- Mortgage Payment Calculator — turn a price into a full PITI payment.
Frequently Asked Questions
What is the median home value in North Carolina?
Based on 2024 Census ACS 5-Year data (table B25077), the median owner-occupied home value in North Carolina is $288,900, which ranks it #27 highest among the 50 states. That is the midpoint homeowners report — half of homes are worth more, half less.
How does North Carolina compare to the national midpoint?
The median of the 50 state medians is about $299,950. North Carolina sits below that line by $11,050 (about 4%). 23 states have a lower median; 23 have a higher. Remember this is a statewide figure — your city and neighborhood set the local price.
What is the typical property tax on a median-priced home in North Carolina?
North Carolina's effective property tax rate is about 0.66% of home value. Applied to the median home value of $288,900, that is roughly $1,907 per year, or about $159 per month through escrow. This is an illustrative estimate using state-level figures — your actual bill depends on your locality, exemptions, and assessed value. See the full breakdown on our North Carolina Property Tax page.