Total monthly cost of ownership
Cost to Own a Home in Bessemer City, North Carolina
A $173,000 home here costs
$1,424per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $889. The real number is $534 higher every month — 60% 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.
Bessemer City against Gaston County and North Carolina
| Measure | Bessemer City | Gaston County |
|---|---|---|
| Median home value | $173,000 | $235,000 |
| Median property tax | $1,484 | $1,872 |
| Effective tax rate | 0.858% | 0.797% |
| Median gross rent | $942 | $1,085 |
| Population | 5,508 | 231,485 |
The weather behind that power bill
Bessemer City 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 $136 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
Common questions
How much does it cost to own a home in Bessemer City?
A $173,000 home in Bessemer City, North Carolina costs approximately $1,424 per month with 20% down at 6.66%. That is $889 principal and interest, $124 property tax, $63 homeowners insurance, $204 utilities and $144 set aside for maintenance.
What is the property tax rate in Bessemer City?
Bessemer City has an effective property tax rate of 0.858%, based on a median home value of $173,000 and median real estate taxes of $1,484. That is higher than the Gaston County average of 0.797%.
What is the average home price in Bessemer City?
The median owner-occupied home value in Bessemer City, North Carolina is $173,000, against $235,000 across Gaston County.
Is it cheaper to rent or buy in Bessemer City?
Median gross rent in Bessemer City is $942 a month, against $1,424 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 Bessemer City — 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.