Total monthly cost of ownership
Cost to Own a Home in Fairplains, North Carolina
A $134,000 home here costs
$1,164per 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 $50,000 a year.
A standard mortgage calculator would have told you $731. The real number is $434 higher every month, 59% more than the payment most buyers budget for.
Compare Wilkes County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Fairplains from a five-year rolling sample, and with about 1,876 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 Wilkes 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.
Fairplains against Wilkes County and North Carolina
| Measure | Fairplains | Wilkes County |
|---|---|---|
| Median home value | $134,300 | $161,400 |
| Median property tax | $648 | $1,003 |
| Effective tax rate | 0.483% | 0.621% |
| Median gross rent | $631 | $715 |
| Population | 1,876 | 65,983 |
The weather behind that power bill
Fairplains sits in Wilkes County, which averages a high of 86.9°F in its hottest month and a low of 27.0°F in its coldest, with 51.7" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,201 cooling and 4,000 heating degree days, which is what sets the $152 electricity line above.
See the full climate breakdown for Wilkes County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Wilkes County
Full Wilkes County cost breakdown · Every county in North Carolina
Talk to someone who works this market
These are Fairplains 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 Fairplains every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Fairplains I already own here and may sell
Common questions
How much does it cost to own a home in Fairplains?
A $134,000 home in Fairplains, North Carolina costs approximately $1,164 per month with 20% down at 7.24%. That is $731 principal and interest, $54 property tax, $49 homeowners insurance, $220 utilities and $112 set aside for maintenance.
What is the property tax rate in Fairplains?
Fairplains has an effective property tax rate of 0.483%, based on a median home value of $134,300 and median real estate taxes of $648. That is lower than the Wilkes County average of 0.621%.
What is the average home price in Fairplains?
The median owner-occupied home value in Fairplains, North Carolina is $134,300, against $161,400 across Wilkes County.
Is it cheaper to rent or buy in Fairplains?
Median gross rent in Fairplains is $631 a month, against $1,164 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 Fairplains?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Fairplains, North Carolina at today's rate takes a household income of roughly $50,000 a year. That covers the full $1,164 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Fairplains, 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.