Total monthly cost of ownership
Cost to Own a Home in Broadway, North Carolina
A $236,000 home here costs
$1,897per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,213. The real number is $684 higher every month — 56% 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.
Broadway against Harnett County and North Carolina
| Measure | Broadway | Harnett County |
|---|---|---|
| Median home value | $236,100 | $220,700 |
| Median property tax | $2,381 | $1,642 |
| Effective tax rate | 1.008% | 0.744% |
| Median gross rent | $924 | $1,080 |
| Population | 1,429 | 136,503 |
Broadway extends across 2 counties. Figures here use Harnett County, where most of its housing sits.
The weather behind that power bill
Broadway sits in Harnett County, which averages a high of 90.3°F in its hottest month and a low of 29.3°F in its coldest, with 46.64" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 1,676 cooling and 3,324 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Harnett County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Harnett County
Full Harnett County cost breakdown · Every county in North Carolina
Common questions
How much does it cost to own a home in Broadway?
A $236,000 home in Broadway, North Carolina costs approximately $1,897 per month with 20% down at 6.66%. That is $1,213 principal and interest, $198 property tax, $86 homeowners insurance, $204 utilities and $197 set aside for maintenance.
What is the property tax rate in Broadway?
Broadway has an effective property tax rate of 1.008%, based on a median home value of $236,100 and median real estate taxes of $2,381. That is higher than the Harnett County average of 0.744%.
What is the average home price in Broadway?
The median owner-occupied home value in Broadway, North Carolina is $236,100, against $220,700 across Harnett County.
Is it cheaper to rent or buy in Broadway?
Median gross rent in Broadway is $924 a month, against $1,897 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 Broadway — 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.