Total monthly cost of ownership
Cost to Own a Home in Mount Pleasant, North Carolina
A $263,000 home here costs
$2,159per 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 $92,500 a year.
A standard mortgage calculator would have told you $1,434. The real number is $725 higher every month, 51% more than the payment most buyers budget for.
Compare Cabarrus County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Mount Pleasant from a five-year rolling sample, and with about 1,866 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 Cabarrus 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.
Mount Pleasant against Cabarrus County and North Carolina
| Measure | Mount Pleasant | Cabarrus County |
|---|---|---|
| Median home value | $262,700 | $318,600 |
| Median property tax | $2,292 | $2,429 |
| Effective tax rate | 0.872% | 0.762% |
| Median gross rent | $1,055 | $1,303 |
| Population | 1,866 | 231,262 |
The weather behind that power bill
Mount Pleasant sits in Cabarrus County, which averages a high of 91.8°F in its hottest month and a low of 28.9°F in its coldest, with 47.87" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,755 cooling and 3,294 heating degree days, which is what sets the $152 electricity line above.
See the full climate breakdown for Cabarrus County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Cabarrus County
Full Cabarrus County cost breakdown · Every county in North Carolina
Talk to someone who works this market
These are Mount Pleasant 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 Mount Pleasant every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Mount Pleasant I already own here and may sell
Common questions
How much does it cost to own a home in Mount Pleasant?
A $263,000 home in Mount Pleasant, North Carolina costs approximately $2,159 per month with 20% down at 7.24%. That is $1,434 principal and interest, $191 property tax, $95 homeowners insurance, $220 utilities and $219 set aside for maintenance.
What is the property tax rate in Mount Pleasant?
Mount Pleasant has an effective property tax rate of 0.872%, based on a median home value of $262,700 and median real estate taxes of $2,292. That is higher than the Cabarrus County average of 0.762%.
What is the average home price in Mount Pleasant?
The median owner-occupied home value in Mount Pleasant, North Carolina is $262,700, against $318,600 across Cabarrus County.
Is it cheaper to rent or buy in Mount Pleasant?
Median gross rent in Mount Pleasant is $1,055 a month, against $2,159 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 Mount Pleasant?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Mount Pleasant, North Carolina at today's rate takes a household income of roughly $92,500 a year. That covers the full $2,159 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Mount Pleasant, 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.