Total monthly cost of ownership
Cost to Own a Home in Goldsboro, North Carolina
A $174,000 home here costs
$1,519per 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 $65,000 a year.
A standard mortgage calculator would have told you $949. The real number is $570 higher every month, 60% more than the payment most buyers budget for.
Compare Wayne County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Goldsboro against Wayne County and North Carolina
| Measure | Goldsboro | Wayne County |
|---|---|---|
| Median home value | $173,700 | $162,700 |
| Median property tax | $1,704 | $1,210 |
| Effective tax rate | 0.981% | 0.744% |
| Median gross rent | $956 | $932 |
| Population | 33,448 | 117,606 |
The weather behind that power bill
Goldsboro sits in Wayne County, which averages a high of 91.0°F in its hottest month and a low of 34.6°F in its coldest, with 52.26" of precipitation a year and 36% of it in a single three-month stretch. That climate drives 2,083 cooling and 2,657 heating degree days, which is what sets the $152 electricity line above.
See the full climate breakdown for Wayne County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Wayne County
Full Wayne County cost breakdown · Every county in North Carolina
Talk to someone who works this market
These are Goldsboro 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 Goldsboro every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Goldsboro I already own here and may sell
Common questions
How much does it cost to own a home in Goldsboro?
A $174,000 home in Goldsboro, North Carolina costs approximately $1,519 per month with 20% down at 7.24%. That is $949 principal and interest, $142 property tax, $63 homeowners insurance, $220 utilities and $145 set aside for maintenance.
What is the property tax rate in Goldsboro?
Goldsboro has an effective property tax rate of 0.981%, based on a median home value of $173,700 and median real estate taxes of $1,704. That is higher than the Wayne County average of 0.744%.
What is the average home price in Goldsboro?
The median owner-occupied home value in Goldsboro, North Carolina is $173,700, against $162,700 across Wayne County.
Is it cheaper to rent or buy in Goldsboro?
Median gross rent in Goldsboro is $956 a month, against $1,519 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 Goldsboro?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Goldsboro, North Carolina at today's rate takes a household income of roughly $65,000 a year. That covers the full $1,519 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Goldsboro, 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.