Total monthly cost of ownership
Cost to Own a Home in Dudley, North Carolina
A $101,000 home here costs
$888per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $519. The real number is $369 higher every month — 71% 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.
Dudley against Wayne County and North Carolina
| Measure | Dudley | Wayne County |
|---|---|---|
| Median home value | $100,700 | $162,700 |
| Median property tax | $532 | $1,210 |
| Effective tax rate | 0.528% | 0.744% |
| Median gross rent | $728 | $932 |
| Population | 2,320 | 117,606 |
The weather behind that power bill
Dudley sits in Wayne County, which averages a high of 91.0°F in its hottest month and a low of 34.6°F in its coldest, with 52.26" of precipitation a year and 36% of it in a single three-month stretch. That climate drives 2,083 cooling and 2,657 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Wayne County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Wayne County
Full Wayne County cost breakdown · Every county in North Carolina
Common questions
How much does it cost to own a home in Dudley?
A $101,000 home in Dudley, North Carolina costs approximately $888 per month with 20% down at 6.66%. That is $519 principal and interest, $44 property tax, $37 homeowners insurance, $204 utilities and $84 set aside for maintenance.
What is the property tax rate in Dudley?
Dudley has an effective property tax rate of 0.528%, based on a median home value of $100,700 and median real estate taxes of $532. That is lower than the Wayne County average of 0.744%.
What is the average home price in Dudley?
The median owner-occupied home value in Dudley, North Carolina is $100,700, against $162,700 across Wayne County.
Is it cheaper to rent or buy in Dudley?
Median gross rent in Dudley is $728 a month, against $888 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 Dudley — 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.