Total monthly cost of ownership
Cost to Own a Home in Roanoke Rapids, North Carolina
A $129,000 home here costs
$1,233per 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 $53,000 a year.
A standard mortgage calculator would have told you $703. The real number is $530 higher every month, 75% more than the payment most buyers budget for.
Compare Halifax County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Roanoke Rapids against Halifax County and North Carolina
| Measure | Roanoke Rapids | Halifax County |
|---|---|---|
| Median home value | $129,400 | $102,500 |
| Median property tax | $1,876 | $1,163 |
| Effective tax rate | 1.450% | 1.135% |
| Median gross rent | $816 | $776 |
| Population | 15,024 | 48,219 |
The weather behind that power bill
Roanoke Rapids sits in Halifax County, which averages a high of 90.5°F in its hottest month and a low of 30.8°F in its coldest, with 44.38" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 1,681 cooling and 3,271 heating degree days, which is what sets the $152 electricity line above.
See the full climate breakdown for Halifax County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Halifax County
Full Halifax County cost breakdown · Every county in North Carolina
Talk to someone who works this market
These are Roanoke Rapids 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 Roanoke Rapids every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Roanoke Rapids I already own here and may sell
Common questions
How much does it cost to own a home in Roanoke Rapids?
A $129,000 home in Roanoke Rapids, North Carolina costs approximately $1,233 per month with 20% down at 7.24%. That is $703 principal and interest, $156 property tax, $47 homeowners insurance, $220 utilities and $108 set aside for maintenance.
What is the property tax rate in Roanoke Rapids?
Roanoke Rapids has an effective property tax rate of 1.450%, based on a median home value of $129,400 and median real estate taxes of $1,876. That is higher than the Halifax County average of 1.135%.
What is the average home price in Roanoke Rapids?
The median owner-occupied home value in Roanoke Rapids, North Carolina is $129,400, against $102,500 across Halifax County.
Is it cheaper to rent or buy in Roanoke Rapids?
Median gross rent in Roanoke Rapids is $816 a month, against $1,233 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 Roanoke Rapids?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Roanoke Rapids, North Carolina at today's rate takes a household income of roughly $53,000 a year. That covers the full $1,233 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Roanoke Rapids, 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.