Total monthly cost of ownership
Cost to Own a Home in Magnolia, North Carolina
A $77,000 home here costs
$742per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $396. The real number is $346 higher every month — 87% 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.
Magnolia against Duplin County and North Carolina
| Measure | Magnolia | Duplin County |
|---|---|---|
| Median home value | $76,900 | $123,200 |
| Median property tax | $606 | $912 |
| Effective tax rate | 0.788% | 0.740% |
| Median gross rent | $521 | $815 |
| Population | 1,109 | 49,053 |
The weather behind that power bill
Magnolia sits in Duplin County, which averages a high of 88.0°F in its hottest month and a low of 29.5°F in its coldest, with 51.96" of precipitation a year and 36% of it in a single three-month stretch. That climate drives 1,419 cooling and 3,489 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Duplin County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Duplin County
Full Duplin County cost breakdown · Every county in North Carolina
Common questions
How much does it cost to own a home in Magnolia?
A $77,000 home in Magnolia, North Carolina costs approximately $742 per month with 20% down at 6.66%. That is $396 principal and interest, $51 property tax, $28 homeowners insurance, $204 utilities and $64 set aside for maintenance.
What is the property tax rate in Magnolia?
Magnolia has an effective property tax rate of 0.788%, based on a median home value of $76,900 and median real estate taxes of $606. That is higher than the Duplin County average of 0.740%.
What is the average home price in Magnolia?
The median owner-occupied home value in Magnolia, North Carolina is $76,900, against $123,200 across Duplin County.
Is it cheaper to rent or buy in Magnolia?
Median gross rent in Magnolia is $521 a month, against $742 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 Magnolia — 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.