Total monthly cost of ownership
Cost to Own a Home in Biscoe, North Carolina
A $113,000 home here costs
$998per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $581. The real number is $417 higher every month — 72% 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.
Biscoe against Montgomery County and North Carolina
| Measure | Biscoe | Montgomery County |
|---|---|---|
| Median home value | $112,800 | $150,300 |
| Median property tax | $935 | $1,057 |
| Effective tax rate | 0.829% | 0.703% |
| Median gross rent | $615 | $753 |
| Population | 2,259 | 25,874 |
The weather behind that power bill
Biscoe sits in Montgomery County, which averages a high of 89.8°F in its hottest month and a low of 32.6°F in its coldest, with 48.1" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,779 cooling and 3,039 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Montgomery County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Montgomery County
Full Montgomery County cost breakdown · Every county in North Carolina
Common questions
How much does it cost to own a home in Biscoe?
A $113,000 home in Biscoe, North Carolina costs approximately $998 per month with 20% down at 6.66%. That is $581 principal and interest, $78 property tax, $41 homeowners insurance, $204 utilities and $94 set aside for maintenance.
What is the property tax rate in Biscoe?
Biscoe has an effective property tax rate of 0.829%, based on a median home value of $112,800 and median real estate taxes of $935. That is higher than the Montgomery County average of 0.703%.
What is the average home price in Biscoe?
The median owner-occupied home value in Biscoe, North Carolina is $112,800, against $150,300 across Montgomery County.
Is it cheaper to rent or buy in Biscoe?
Median gross rent in Biscoe is $615 a month, against $998 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 Biscoe — 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.