Total monthly cost of ownership
Cost to Own a Home in Four Oaks, North Carolina
A $222,000 home here costs
$1,760per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,141. The real number is $619 higher every month — 54% 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.
Four Oaks against Johnston County and North Carolina
| Measure | Four Oaks | Johnston County |
|---|---|---|
| Median home value | $222,100 | $267,600 |
| Median property tax | $1,794 | $1,840 |
| Effective tax rate | 0.808% | 0.688% |
| Median gross rent | $1,096 | $1,007 |
| Population | 2,372 | 226,623 |
The weather behind that power bill
Four Oaks sits in Johnston County, which averages a high of 91.7°F in its hottest month and a low of 31.4°F in its coldest, with 49.37" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 1,871 cooling and 3,078 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Johnston County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Johnston County
Full Johnston County cost breakdown · Every county in North Carolina
Common questions
How much does it cost to own a home in Four Oaks?
A $222,000 home in Four Oaks, North Carolina costs approximately $1,760 per month with 20% down at 6.66%. That is $1,141 principal and interest, $149 property tax, $80 homeowners insurance, $204 utilities and $185 set aside for maintenance.
What is the property tax rate in Four Oaks?
Four Oaks has an effective property tax rate of 0.808%, based on a median home value of $222,100 and median real estate taxes of $1,794. That is higher than the Johnston County average of 0.688%.
What is the average home price in Four Oaks?
The median owner-occupied home value in Four Oaks, North Carolina is $222,100, against $267,600 across Johnston County.
Is it cheaper to rent or buy in Four Oaks?
Median gross rent in Four Oaks is $1,096 a month, against $1,760 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 Four Oaks — 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.