Total monthly cost of ownership
Cost to Own a Home in Murfreesboro, North Carolina
A $153,000 home here costs
$1,309per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $787. The real number is $522 higher every month — 66% 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.
Murfreesboro against Hertford County and North Carolina
| Measure | Murfreesboro | Hertford County |
|---|---|---|
| Median home value | $153,100 | $111,100 |
| Median property tax | $1,628 | $1,083 |
| Effective tax rate | 1.063% | 0.975% |
| Median gross rent | $912 | $806 |
| Population | 2,814 | 20,492 |
The weather behind that power bill
Murfreesboro sits in Hertford County, which averages a high of 87.7°F in its hottest month and a low of 28.7°F in its coldest, with 49.63" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 1,386 cooling and 3,717 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Hertford County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Hertford County
Full Hertford County cost breakdown · Every county in North Carolina
Common questions
How much does it cost to own a home in Murfreesboro?
A $153,000 home in Murfreesboro, North Carolina costs approximately $1,309 per month with 20% down at 6.66%. That is $787 principal and interest, $136 property tax, $55 homeowners insurance, $204 utilities and $128 set aside for maintenance.
What is the property tax rate in Murfreesboro?
Murfreesboro has an effective property tax rate of 1.063%, based on a median home value of $153,100 and median real estate taxes of $1,628. That is higher than the Hertford County average of 0.975%.
What is the average home price in Murfreesboro?
The median owner-occupied home value in Murfreesboro, North Carolina is $153,100, against $111,100 across Hertford County.
Is it cheaper to rent or buy in Murfreesboro?
Median gross rent in Murfreesboro is $912 a month, against $1,309 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 Murfreesboro — 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.