Total monthly cost of ownership
Cost to Own a Home in Lucama, North Carolina
A $98,000 home here costs
$961per 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 $41,000 a year.
A standard mortgage calculator would have told you $534. The real number is $426 higher every month, 80% more than the payment most buyers budget for.
Compare Wilson County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Lucama from a five-year rolling sample, and with about 1,108 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 Wilson 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.
Lucama against Wilson County and North Carolina
| Measure | Lucama | Wilson County |
|---|---|---|
| Median home value | $98,200 | $171,800 |
| Median property tax | $1,074 | $1,428 |
| Effective tax rate | 1.094% | 0.831% |
| Median gross rent | $1,009 | $915 |
| Population | 1,108 | 78,648 |
The weather behind that power bill
Lucama sits in Wilson County, which averages a high of 90.2°F in its hottest month and a low of 32.7°F in its coldest, with 50.3" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 1,842 cooling and 3,062 heating degree days, which is what sets the $152 electricity line above.
See the full climate breakdown for Wilson County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Wilson County
Full Wilson County cost breakdown · Every county in North Carolina
Talk to someone who works this market
These are Lucama 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 Lucama every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Lucama I already own here and may sell
Common questions
How much does it cost to own a home in Lucama?
A $98,000 home in Lucama, North Carolina costs approximately $961 per month with 20% down at 7.24%. That is $534 principal and interest, $89 property tax, $36 homeowners insurance, $220 utilities and $82 set aside for maintenance.
What is the property tax rate in Lucama?
Lucama has an effective property tax rate of 1.094%, based on a median home value of $98,200 and median real estate taxes of $1,074. That is higher than the Wilson County average of 0.831%.
What is the average home price in Lucama?
The median owner-occupied home value in Lucama, North Carolina is $98,200, against $171,800 across Wilson County.
Is it cheaper to rent or buy in Lucama?
Median gross rent in Lucama is $1,009 a month, against $961 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Lucama?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Lucama, North Carolina at today's rate takes a household income of roughly $41,000 a year. That covers the full $961 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Lucama, 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.