Total monthly cost of ownership
Cost to Own a Home in Laurinburg, North Carolina
A $122,000 home here costs
$1,084per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $627. The real number is $457 higher every month — 73% 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.
Laurinburg against Scotland County and North Carolina
| Measure | Laurinburg | Scotland County |
|---|---|---|
| Median home value | $121,500 | $109,900 |
| Median property tax | $1,281 | $999 |
| Effective tax rate | 1.054% | 0.909% |
| Median gross rent | $766 | $766 |
| Population | 15,079 | 34,353 |
The weather behind that power bill
Laurinburg sits in Scotland County, which averages a high of 92.2°F in its hottest month and a low of 33.7°F in its coldest, with 40.18" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 2,107 cooling and 2,656 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Scotland County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Scotland County
No other places of this size are published in Scotland County.
Full Scotland County cost breakdown · Every county in North Carolina
Common questions
How much does it cost to own a home in Laurinburg?
A $122,000 home in Laurinburg, North Carolina costs approximately $1,084 per month with 20% down at 6.66%. That is $627 principal and interest, $107 property tax, $44 homeowners insurance, $204 utilities and $102 set aside for maintenance.
What is the property tax rate in Laurinburg?
Laurinburg has an effective property tax rate of 1.054%, based on a median home value of $121,500 and median real estate taxes of $1,281. That is higher than the Scotland County average of 0.909%.
What is the average home price in Laurinburg?
The median owner-occupied home value in Laurinburg, North Carolina is $121,500, against $109,900 across Scotland County.
Is it cheaper to rent or buy in Laurinburg?
Median gross rent in Laurinburg is $766 a month, against $1,084 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 Laurinburg — 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.