Total monthly cost of ownership
Cost to Own a Home in Princeville, North Carolina
A $99,000 home here costs
$942per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $509. The real number is $433 higher every month — 85% 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.
Princeville against Edgecombe County and North Carolina
| Measure | Princeville | Edgecombe County |
|---|---|---|
| Median home value | $99,100 | $116,800 |
| Median property tax | $1,329 | $1,282 |
| Effective tax rate | 1.341% | 1.098% |
| Median gross rent | $1,017 | $818 |
| Population | 1,502 | 48,777 |
The weather behind that power bill
Princeville sits in Edgecombe County, which averages a high of 89.3°F in its hottest month and a low of 30.1°F in its coldest, with 47.59" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 1,687 cooling and 3,322 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Edgecombe County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Edgecombe County
Full Edgecombe County cost breakdown · Every county in North Carolina
Common questions
How much does it cost to own a home in Princeville?
A $99,000 home in Princeville, North Carolina costs approximately $942 per month with 20% down at 6.66%. That is $509 principal and interest, $111 property tax, $36 homeowners insurance, $204 utilities and $83 set aside for maintenance.
What is the property tax rate in Princeville?
Princeville has an effective property tax rate of 1.341%, based on a median home value of $99,100 and median real estate taxes of $1,329. That is higher than the Edgecombe County average of 1.098%.
What is the average home price in Princeville?
The median owner-occupied home value in Princeville, North Carolina is $99,100, against $116,800 across Edgecombe County.
Is it cheaper to rent or buy in Princeville?
Median gross rent in Princeville is $1,017 a month, against $942 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Princeville — 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.