Total monthly cost of ownership
Cost to Own a Home in Belmont, North Carolina
A $350,000 home here costs
$2,818per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $121,000 a year.
A standard mortgage calculator would have told you $1,908. The real number is $910 higher every month, 48% more than the payment most buyers budget for.
Compare Gaston County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Belmont against Gaston County and North Carolina
| Measure | Belmont | Gaston County |
|---|---|---|
| Median home value | $349,700 | $235,000 |
| Median property tax | $3,260 | $1,872 |
| Effective tax rate | 0.932% | 0.797% |
| Median gross rent | $1,274 | $1,085 |
| Population | 15,140 | 231,485 |
The weather behind that power bill
Belmont sits in Gaston County, which averages a high of 90.7°F in its hottest month and a low of 31.4°F in its coldest, with 43.95" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,854 cooling and 3,004 heating degree days, which is what sets the $152 electricity line above.
See the full climate breakdown for Gaston County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Gaston County
Full Gaston County cost breakdown · Every county in North Carolina
Talk to someone who works this market
These are Belmont averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Belmont every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Belmont I already own here and may sell
Common questions
How much does it cost to own a home in Belmont?
A $350,000 home in Belmont, North Carolina costs approximately $2,818 per month with 20% down at 7.24%. That is $1,908 principal and interest, $272 property tax, $127 homeowners insurance, $220 utilities and $292 set aside for maintenance.
What is the property tax rate in Belmont?
Belmont has an effective property tax rate of 0.932%, based on a median home value of $349,700 and median real estate taxes of $3,260. That is higher than the Gaston County average of 0.797%.
What is the average home price in Belmont?
The median owner-occupied home value in Belmont, North Carolina is $349,700, against $235,000 across Gaston County.
Is it cheaper to rent or buy in Belmont?
Median gross rent in Belmont is $1,274 a month, against $2,818 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Belmont?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Belmont, North Carolina at today's rate takes a household income of roughly $121,000 a year. That covers the full $2,818 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Belmont, 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.