Total monthly cost of ownership
Cost to Own a Home in Granite Quarry, North Carolina
A $247,000 home here costs
$1,997per 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 $85,500 a year.
A standard mortgage calculator would have told you $1,347. The real number is $650 higher every month, 48% more than the payment most buyers budget for.
Compare Rowan County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Granite Quarry from a five-year rolling sample, and with about 3,015 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 Rowan 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.
Granite Quarry against Rowan County and North Carolina
| Measure | Granite Quarry | Rowan County |
|---|---|---|
| Median home value | $246,500 | $216,100 |
| Median property tax | $1,618 | $1,411 |
| Effective tax rate | 0.656% | 0.653% |
| Median gross rent | — | $990 |
| Population | 3,015 | 148,487 |
The weather behind that power bill
Granite Quarry sits in Rowan County, which averages a high of 88.2°F in its hottest month and a low of 29.0°F in its coldest, with 43.68" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,479 cooling and 3,533 heating degree days, which is what sets the $152 electricity line above.
See the full climate breakdown for Rowan County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Rowan County
Full Rowan County cost breakdown · Every county in North Carolina
Talk to someone who works this market
These are Granite Quarry 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 Granite Quarry every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Granite Quarry I already own here and may sell
Common questions
How much does it cost to own a home in Granite Quarry?
A $247,000 home in Granite Quarry, North Carolina costs approximately $1,997 per month with 20% down at 7.24%. That is $1,347 principal and interest, $135 property tax, $90 homeowners insurance, $220 utilities and $206 set aside for maintenance.
What is the property tax rate in Granite Quarry?
Granite Quarry has an effective property tax rate of 0.656%, based on a median home value of $246,500 and median real estate taxes of $1,618. That is in line with the Rowan County average of 0.653%.
What is the average home price in Granite Quarry?
The median owner-occupied home value in Granite Quarry, North Carolina is $246,500, against $216,100 across Rowan County.
Is it cheaper to rent or buy in Granite Quarry?
Rent data is not published for Granite Quarry at this level of detail.
What salary do you need to buy a home in Granite Quarry?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Granite Quarry, North Carolina at today's rate takes a household income of roughly $85,500 a year. That covers the full $1,997 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Granite Quarry, 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.