Total monthly cost of ownership
Cost to Own a Home in Havelock, North Carolina
A $187,000 home here costs
$1,601per 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 $68,500 a year.
A standard mortgage calculator would have told you $1,020. The real number is $582 higher every month, 57% more than the payment most buyers budget for.
Compare Craven 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.
Havelock against Craven County and North Carolina
| Measure | Havelock | Craven County |
|---|---|---|
| Median home value | $186,800 | $206,200 |
| Median property tax | $1,658 | $1,372 |
| Effective tax rate | 0.888% | 0.665% |
| Median gross rent | $1,269 | $1,100 |
| Population | 16,471 | 101,074 |
The weather behind that power bill
Havelock sits in Craven County, which averages a high of 89.6°F in its hottest month and a low of 33.8°F in its coldest, with 53.01" of precipitation a year and 37% of it in a single three-month stretch. That climate drives 1,897 cooling and 2,698 heating degree days, which is what sets the $152 electricity line above.
See the full climate breakdown for Craven County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Craven County
Full Craven County cost breakdown · Every county in North Carolina
Talk to someone who works this market
These are Havelock 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 Havelock every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Havelock I already own here and may sell
Common questions
How much does it cost to own a home in Havelock?
A $187,000 home in Havelock, North Carolina costs approximately $1,601 per month with 20% down at 7.24%. That is $1,020 principal and interest, $138 property tax, $68 homeowners insurance, $220 utilities and $156 set aside for maintenance.
What is the property tax rate in Havelock?
Havelock has an effective property tax rate of 0.888%, based on a median home value of $186,800 and median real estate taxes of $1,658. That is higher than the Craven County average of 0.665%.
What is the average home price in Havelock?
The median owner-occupied home value in Havelock, North Carolina is $186,800, against $206,200 across Craven County.
Is it cheaper to rent or buy in Havelock?
Median gross rent in Havelock is $1,269 a month, against $1,601 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 Havelock?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Havelock, North Carolina at today's rate takes a household income of roughly $68,500 a year. That covers the full $1,601 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Havelock, 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.