Total monthly cost of ownership
Cost to Own a Home in Pine Knoll Shores, North Carolina
A $584,000 home here costs
$4,107per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $3,002. The real number is $1,105 higher every month — 37% 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.
Pine Knoll Shores against Carteret County and North Carolina
| Measure | Pine Knoll Shores | Carteret County |
|---|---|---|
| Median home value | $583,900 | $304,200 |
| Median property tax | $2,432 | $1,369 |
| Effective tax rate | 0.417% | 0.450% |
| Median gross rent | $1,792 | $1,062 |
| Population | 1,387 | 68,652 |
The weather behind that power bill
Pine Knoll Shores sits in Carteret County, which averages a high of 86.7°F in its hottest month and a low of 37.5°F in its coldest, with 55.68" of precipitation a year and 39% of it in a single three-month stretch. That climate drives 1,977 cooling and 2,378 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Carteret County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Carteret County
Full Carteret County cost breakdown · Every county in North Carolina
Common questions
How much does it cost to own a home in Pine Knoll Shores?
A $584,000 home in Pine Knoll Shores, North Carolina costs approximately $4,107 per month with 20% down at 6.66%. That is $3,002 principal and interest, $203 property tax, $212 homeowners insurance, $204 utilities and $487 set aside for maintenance.
What is the property tax rate in Pine Knoll Shores?
Pine Knoll Shores has an effective property tax rate of 0.417%, based on a median home value of $583,900 and median real estate taxes of $2,432. That is lower than the Carteret County average of 0.450%.
What is the average home price in Pine Knoll Shores?
The median owner-occupied home value in Pine Knoll Shores, North Carolina is $583,900, against $304,200 across Carteret County.
Is it cheaper to rent or buy in Pine Knoll Shores?
Median gross rent in Pine Knoll Shores is $1,792 a month, against $4,107 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 Pine Knoll Shores — 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.