Total monthly cost of ownership
Cost to Own a Home in Edenton, North Carolina
A $227,000 home here costs
$1,809per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,167. The real number is $642 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.
Edenton against Chowan County and North Carolina
| Measure | Edenton | Chowan County |
|---|---|---|
| Median home value | $226,800 | $204,400 |
| Median property tax | $2,005 | $1,403 |
| Effective tax rate | 0.884% | 0.686% |
| Median gross rent | $632 | $766 |
| Population | 4,480 | 13,814 |
The weather behind that power bill
Edenton sits in Chowan County, which averages a high of 89.0°F in its hottest month and a low of 34.4°F in its coldest, with 50.98" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 1,840 cooling and 2,868 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Chowan County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Chowan County
Full Chowan County cost breakdown · Every county in North Carolina
Common questions
How much does it cost to own a home in Edenton?
A $227,000 home in Edenton, North Carolina costs approximately $1,809 per month with 20% down at 6.66%. That is $1,167 principal and interest, $167 property tax, $82 homeowners insurance, $204 utilities and $189 set aside for maintenance.
What is the property tax rate in Edenton?
Edenton has an effective property tax rate of 0.884%, based on a median home value of $226,800 and median real estate taxes of $2,005. That is higher than the Chowan County average of 0.686%.
What is the average home price in Edenton?
The median owner-occupied home value in Edenton, North Carolina is $226,800, against $204,400 across Chowan County.
Is it cheaper to rent or buy in Edenton?
Median gross rent in Edenton is $632 a month, against $1,809 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 Edenton — 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.