Total monthly cost of ownership
Cost to Own a Home in Cordova, North Carolina
A $155,000 home here costs
$1,293per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $797. The real number is $496 higher every month — 62% 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.
Cordova against Richmond County and North Carolina
| Measure | Cordova | Richmond County |
|---|---|---|
| Median home value | $155,200 | $120,800 |
| Median property tax | $1,292 | $1,122 |
| Effective tax rate | 0.832% | 0.929% |
| Median gross rent | — | $744 |
| Population | 1,343 | 42,818 |
The weather behind that power bill
Cordova sits in Richmond County, which averages a high of 92.0°F in its hottest month and a low of 32.6°F in its coldest, with 49.5" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 2,081 cooling and 2,822 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Richmond County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Richmond County
Full Richmond County cost breakdown · Every county in North Carolina
Common questions
How much does it cost to own a home in Cordova?
A $155,000 home in Cordova, North Carolina costs approximately $1,293 per month with 20% down at 6.66%. That is $797 principal and interest, $107 property tax, $56 homeowners insurance, $204 utilities and $129 set aside for maintenance.
What is the property tax rate in Cordova?
Cordova has an effective property tax rate of 0.832%, based on a median home value of $155,200 and median real estate taxes of $1,292. That is lower than the Richmond County average of 0.929%.
What is the average home price in Cordova?
The median owner-occupied home value in Cordova, North Carolina is $155,200, against $120,800 across Richmond County.
Is it cheaper to rent or buy in Cordova?
Rent data is not published for Cordova at this level of detail.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Cordova — 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.