Total monthly cost of ownership
Cost to Own a Home in Louisburg, North Carolina
A $217,000 home here costs
$1,750per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,116. The real number is $634 higher every month — 57% 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.
Louisburg against Franklin County and North Carolina
| Measure | Louisburg | Franklin County |
|---|---|---|
| Median home value | $217,400 | $240,900 |
| Median property tax | $2,055 | $1,732 |
| Effective tax rate | 0.945% | 0.719% |
| Median gross rent | $1,008 | $988 |
| Population | 3,128 | 71,962 |
The weather behind that power bill
Louisburg sits in Franklin County, which averages a high of 90.2°F in its hottest month and a low of 27.5°F in its coldest, with 48.29" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 1,545 cooling and 3,647 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Franklin County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Franklin County
Full Franklin County cost breakdown · Every county in North Carolina
Common questions
How much does it cost to own a home in Louisburg?
A $217,000 home in Louisburg, North Carolina costs approximately $1,750 per month with 20% down at 6.66%. That is $1,116 principal and interest, $171 property tax, $79 homeowners insurance, $204 utilities and $181 set aside for maintenance.
What is the property tax rate in Louisburg?
Louisburg has an effective property tax rate of 0.945%, based on a median home value of $217,400 and median real estate taxes of $2,055. That is higher than the Franklin County average of 0.719%.
What is the average home price in Louisburg?
The median owner-occupied home value in Louisburg, North Carolina is $217,400, against $240,900 across Franklin County.
Is it cheaper to rent or buy in Louisburg?
Median gross rent in Louisburg is $1,008 a month, against $1,750 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 Louisburg — 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.