Total monthly cost of ownership
Cost to Own a Home in Rockingham, North Carolina
A $134,000 home here costs
$1,149per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $689. The real number is $460 higher every month — 67% 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.
Rockingham against Richmond County and North Carolina
| Measure | Rockingham | Richmond County |
|---|---|---|
| Median home value | $133,900 | $120,800 |
| Median property tax | $1,155 | $1,122 |
| Effective tax rate | 0.863% | 0.929% |
| Median gross rent | $717 | $744 |
| Population | 9,094 | 42,818 |
The weather behind that power bill
Rockingham sits in Richmond County, which averages a high of 92.0°F in its hottest month and a low of 32.6°F in its coldest, with 49.5" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 2,081 cooling and 2,822 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Richmond County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Richmond County
Full Richmond County cost breakdown · Every county in North Carolina
Common questions
How much does it cost to own a home in Rockingham?
A $134,000 home in Rockingham, North Carolina costs approximately $1,149 per month with 20% down at 6.66%. That is $689 principal and interest, $96 property tax, $49 homeowners insurance, $204 utilities and $112 set aside for maintenance.
What is the property tax rate in Rockingham?
Rockingham has an effective property tax rate of 0.863%, based on a median home value of $133,900 and median real estate taxes of $1,155. That is lower than the Richmond County average of 0.929%.
What is the average home price in Rockingham?
The median owner-occupied home value in Rockingham, North Carolina is $133,900, against $120,800 across Richmond County.
Is it cheaper to rent or buy in Rockingham?
Median gross rent in Rockingham is $717 a month, against $1,149 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 Rockingham — 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.