Total monthly cost of ownership
Cost to Own a Home in Flat Rock, North Carolina
A $112,000 home here costs
$974per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $576. The real number is $398 higher every month — 69% 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.
Flat Rock against Surry County and North Carolina
| Measure | Flat Rock | Surry County |
|---|---|---|
| Median home value | $111,700 | $166,400 |
| Median property tax | $720 | $1,033 |
| Effective tax rate | 0.645% | 0.621% |
| Median gross rent | $650 | $741 |
| Population | 1,141 | 71,407 |
The weather behind that power bill
Flat Rock sits in Surry County, which averages a high of 86.3°F in its hottest month and a low of 24.8°F in its coldest, with 50.46" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 973 cooling and 4,412 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Surry County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Surry County
Full Surry County cost breakdown · Every county in North Carolina
Common questions
How much does it cost to own a home in Flat Rock?
A $112,000 home in Flat Rock, North Carolina costs approximately $974 per month with 20% down at 6.66%. That is $576 principal and interest, $60 property tax, $41 homeowners insurance, $204 utilities and $93 set aside for maintenance.
What is the property tax rate in Flat Rock?
Flat Rock has an effective property tax rate of 0.645%, based on a median home value of $111,700 and median real estate taxes of $720. That is higher than the Surry County average of 0.621%.
What is the average home price in Flat Rock?
The median owner-occupied home value in Flat Rock, North Carolina is $111,700, against $166,400 across Surry County.
Is it cheaper to rent or buy in Flat Rock?
Median gross rent in Flat Rock is $650 a month, against $974 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 Flat Rock — 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.