Total monthly cost of ownership
Cost to Own a Home in Burgaw, North Carolina
A $207,000 home here costs
$1,650per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,064. The real number is $586 higher every month — 55% 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.
Burgaw against Pender County and North Carolina
| Measure | Burgaw | Pender County |
|---|---|---|
| Median home value | $207,400 | $267,100 |
| Median property tax | $1,621 | $1,858 |
| Effective tax rate | 0.782% | 0.696% |
| Median gross rent | $1,020 | $1,072 |
| Population | 3,249 | 63,475 |
The weather behind that power bill
Burgaw sits in Pender County, which averages a high of 90.0°F in its hottest month and a low of 36.3°F in its coldest, with 60.15" of precipitation a year and 39% of it in a single three-month stretch. That climate drives 2,133 cooling and 2,326 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Pender County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Pender County
Full Pender County cost breakdown · Every county in North Carolina
Common questions
How much does it cost to own a home in Burgaw?
A $207,000 home in Burgaw, North Carolina costs approximately $1,650 per month with 20% down at 6.66%. That is $1,064 principal and interest, $135 property tax, $75 homeowners insurance, $204 utilities and $173 set aside for maintenance.
What is the property tax rate in Burgaw?
Burgaw has an effective property tax rate of 0.782%, based on a median home value of $207,400 and median real estate taxes of $1,621. That is higher than the Pender County average of 0.696%.
What is the average home price in Burgaw?
The median owner-occupied home value in Burgaw, North Carolina is $207,400, against $267,100 across Pender County.
Is it cheaper to rent or buy in Burgaw?
Median gross rent in Burgaw is $1,020 a month, against $1,650 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 Burgaw — 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.