Total monthly cost of ownership
Cost to Own a Home in Brevard, North Carolina
A $411,000 home here costs
$3,024per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,113. The real number is $911 higher every month — 43% 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.
Brevard against Transylvania County and North Carolina
| Measure | Brevard | Transylvania County |
|---|---|---|
| Median home value | $411,000 | $336,100 |
| Median property tax | $2,595 | $1,539 |
| Effective tax rate | 0.631% | 0.458% |
| Median gross rent | $878 | $909 |
| Population | 7,795 | 33,243 |
The weather behind that power bill
Brevard sits in Transylvania County, which averages a high of 82.8°F in its hottest month and a low of 25.2°F in its coldest, with 75.57" of precipitation a year and 27% of it in a single three-month stretch. That climate drives 740 cooling and 4,302 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Transylvania County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Transylvania County
No other places of this size are published in Transylvania County.
Full Transylvania County cost breakdown · Every county in North Carolina
Common questions
How much does it cost to own a home in Brevard?
A $411,000 home in Brevard, North Carolina costs approximately $3,024 per month with 20% down at 6.66%. That is $2,113 principal and interest, $216 property tax, $149 homeowners insurance, $204 utilities and $343 set aside for maintenance.
What is the property tax rate in Brevard?
Brevard has an effective property tax rate of 0.631%, based on a median home value of $411,000 and median real estate taxes of $2,595. That is higher than the Transylvania County average of 0.458%.
What is the average home price in Brevard?
The median owner-occupied home value in Brevard, North Carolina is $411,000, against $336,100 across Transylvania County.
Is it cheaper to rent or buy in Brevard?
Median gross rent in Brevard is $878 a month, against $3,024 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 Brevard — 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.