Total monthly cost of ownership
Cost to Own a Home in East Rockingham, North Carolina
A $103,000 home here costs
$977per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $42,000 a year.
A standard mortgage calculator would have told you $562. The real number is $415 higher every month, 74% more than the payment most buyers budget for.
Compare Richmond County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for East Rockingham from a five-year rolling sample, and with about 3,177 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Richmond County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
East Rockingham against Richmond County and North Carolina
| Measure | East Rockingham | Richmond County |
|---|---|---|
| Median home value | $102,700 | $120,800 |
| Median property tax | $868 | $1,122 |
| Effective tax rate | 0.845% | 0.929% |
| Median gross rent | $827 | $744 |
| Population | 3,177 | 42,818 |
The weather behind that power bill
East Rockingham 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 $152 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
Talk to someone who works this market
These are East Rockingham averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works East Rockingham every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in East Rockingham I already own here and may sell
Common questions
How much does it cost to own a home in East Rockingham?
A $103,000 home in East Rockingham, North Carolina costs approximately $977 per month with 20% down at 7.24%. That is $562 principal and interest, $73 property tax, $37 homeowners insurance, $220 utilities and $86 set aside for maintenance.
What is the property tax rate in East Rockingham?
East Rockingham has an effective property tax rate of 0.845%, based on a median home value of $102,700 and median real estate taxes of $868. That is lower than the Richmond County average of 0.929%.
What is the average home price in East Rockingham?
The median owner-occupied home value in East Rockingham, North Carolina is $102,700, against $120,800 across Richmond County.
Is it cheaper to rent or buy in East Rockingham?
Median gross rent in East Rockingham is $827 a month, against $977 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in East Rockingham?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in East Rockingham, North Carolina at today's rate takes a household income of roughly $42,000 a year. That covers the full $977 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for East Rockingham, 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.