Total monthly cost of ownership
Cost to Own a Home in Ranlo, North Carolina
A $185,000 home here costs
$1,527per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $951. The real number is $576 higher every month — 61% 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.
Ranlo against Gaston County and North Carolina
| Measure | Ranlo | Gaston County |
|---|---|---|
| Median home value | $184,500 | $235,000 |
| Median property tax | $1,806 | $1,872 |
| Effective tax rate | 0.979% | 0.797% |
| Median gross rent | $1,574 | $1,085 |
| Population | 4,556 | 231,485 |
The weather behind that power bill
Ranlo sits in Gaston County, which averages a high of 90.7°F in its hottest month and a low of 31.4°F in its coldest, with 43.95" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,854 cooling and 3,004 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Gaston County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Gaston County
Full Gaston County cost breakdown · Every county in North Carolina
Common questions
How much does it cost to own a home in Ranlo?
A $185,000 home in Ranlo, North Carolina costs approximately $1,527 per month with 20% down at 6.66%. That is $951 principal and interest, $151 property tax, $67 homeowners insurance, $204 utilities and $154 set aside for maintenance.
What is the property tax rate in Ranlo?
Ranlo has an effective property tax rate of 0.979%, based on a median home value of $184,500 and median real estate taxes of $1,806. That is higher than the Gaston County average of 0.797%.
What is the average home price in Ranlo?
The median owner-occupied home value in Ranlo, North Carolina is $184,500, against $235,000 across Gaston County.
Is it cheaper to rent or buy in Ranlo?
Median gross rent in Ranlo is $1,574 a month, against $1,527 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 Ranlo — 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.