Total monthly cost of ownership
Cost to Own a Home in Lowesville, North Carolina
A $382,000 home here costs
$2,929per 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 $125,500 a year.
A standard mortgage calculator would have told you $2,083. The real number is $847 higher every month, 41% more than the payment most buyers budget for.
Compare Lincoln County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Lowesville from a five-year rolling sample, and with about 3,737 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 Lincoln 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.
Lowesville against Lincoln County and North Carolina
| Measure | Lowesville | Lincoln County |
|---|---|---|
| Median home value | $381,600 | $279,500 |
| Median property tax | $2,037 | $1,660 |
| Effective tax rate | 0.534% | 0.594% |
| Median gross rent | $1,578 | $977 |
| Population | 3,737 | 90,359 |
The weather behind that power bill
Lowesville sits in Lincoln County, which averages a high of 88.7°F in its hottest month and a low of 30.1°F in its coldest, with 49.5" of precipitation a year and 27% of it in a single three-month stretch. That climate drives 1,470 cooling and 3,335 heating degree days, which is what sets the $152 electricity line above.
See the full climate breakdown for Lincoln County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lincoln County
Full Lincoln County cost breakdown · Every county in North Carolina
Talk to someone who works this market
These are Lowesville 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 Lowesville every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Lowesville I already own here and may sell
Common questions
How much does it cost to own a home in Lowesville?
A $382,000 home in Lowesville, North Carolina costs approximately $2,929 per month with 20% down at 7.24%. That is $2,083 principal and interest, $170 property tax, $138 homeowners insurance, $220 utilities and $318 set aside for maintenance.
What is the property tax rate in Lowesville?
Lowesville has an effective property tax rate of 0.534%, based on a median home value of $381,600 and median real estate taxes of $2,037. That is lower than the Lincoln County average of 0.594%.
What is the average home price in Lowesville?
The median owner-occupied home value in Lowesville, North Carolina is $381,600, against $279,500 across Lincoln County.
Is it cheaper to rent or buy in Lowesville?
Median gross rent in Lowesville is $1,578 a month, against $2,929 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 Lowesville?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Lowesville, North Carolina at today's rate takes a household income of roughly $125,500 a year. That covers the full $2,929 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Lowesville, 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.