Total monthly cost of ownership
Cost to Own a Home in Boonville, North Carolina
A $167,000 home here costs
$1,405per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $859. The real number is $546 higher every month — 64% 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.
Boonville against Yadkin County and North Carolina
| Measure | Boonville | Yadkin County |
|---|---|---|
| Median home value | $167,300 | $176,400 |
| Median property tax | $1,714 | $1,210 |
| Effective tax rate | 1.025% | 0.686% |
| Median gross rent | $735 | $734 |
| Population | 1,502 | 37,419 |
The weather behind that power bill
Boonville sits in Yadkin County, which averages a high of 86.9°F in its hottest month and a low of 25.3°F in its coldest, with 46.62" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,147 cooling and 4,199 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Yadkin County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Yadkin County
Full Yadkin County cost breakdown · Every county in North Carolina
Common questions
How much does it cost to own a home in Boonville?
A $167,000 home in Boonville, North Carolina costs approximately $1,405 per month with 20% down at 6.66%. That is $859 principal and interest, $143 property tax, $61 homeowners insurance, $204 utilities and $139 set aside for maintenance.
What is the property tax rate in Boonville?
Boonville has an effective property tax rate of 1.025%, based on a median home value of $167,300 and median real estate taxes of $1,714. That is higher than the Yadkin County average of 0.686%.
What is the average home price in Boonville?
The median owner-occupied home value in Boonville, North Carolina is $167,300, against $176,400 across Yadkin County.
Is it cheaper to rent or buy in Boonville?
Median gross rent in Boonville is $735 a month, against $1,405 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 Boonville — 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.