Total monthly cost of ownership
Cost to Own a Home in Andrews, North Carolina
A $98,000 home here costs
$887per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $504. The real number is $383 higher every month — 76% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Andrews against Cherokee County and North Carolina
| Measure | Andrews | Cherokee County |
|---|---|---|
| Median home value | $97,600 | $208,700 |
| Median property tax | $748 | $1,045 |
| Effective tax rate | 0.766% | 0.501% |
| Median gross rent | $717 | $800 |
| Population | 1,976 | 29,197 |
The weather behind that power bill
Andrews sits in Cherokee County, which averages a high of 86.6°F in its hottest month and a low of 25.3°F in its coldest, with 59.28" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,038 cooling and 4,041 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Cherokee County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Cherokee County
Full Cherokee County cost breakdown · Every county in North Carolina
Common questions
How much does it cost to own a home in Andrews?
A $98,000 home in Andrews, North Carolina costs approximately $887 per month with 20% down at 6.66%. That is $504 principal and interest, $63 property tax, $36 homeowners insurance, $204 utilities and $82 set aside for maintenance.
What is the property tax rate in Andrews?
Andrews has an effective property tax rate of 0.766%, based on a median home value of $97,600 and median real estate taxes of $748. That is higher than the Cherokee County average of 0.501%.
What is the average home price in Andrews?
The median owner-occupied home value in Andrews, North Carolina is $97,600, against $208,700 across Cherokee County.
Is it cheaper to rent or buy in Andrews?
Median gross rent in Andrews is $717 a month, against $887 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Andrews — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for North Carolina.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.