Total monthly cost of ownership
Cost to Own a Home in Rocky Point, North Carolina
A $116,000 home here costs
$1,040per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $596. The real number is $444 higher every month — 74% 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.
Rocky Point against Pender County and North Carolina
| Measure | Rocky Point | Pender County |
|---|---|---|
| Median home value | $115,500 | $267,100 |
| Median property tax | $1,215 | $1,858 |
| Effective tax rate | 1.052% | 0.696% |
| Median gross rent | $681 | $1,072 |
| Population | 1,045 | 63,475 |
The weather behind that power bill
Rocky Point sits in Pender County, which averages a high of 90.0°F in its hottest month and a low of 36.3°F in its coldest, with 60.15" of precipitation a year and 39% of it in a single three-month stretch. That climate drives 2,133 cooling and 2,326 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Pender County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Pender County
Full Pender County cost breakdown · Every county in North Carolina
Common questions
How much does it cost to own a home in Rocky Point?
A $116,000 home in Rocky Point, North Carolina costs approximately $1,040 per month with 20% down at 6.66%. That is $596 principal and interest, $102 property tax, $42 homeowners insurance, $204 utilities and $97 set aside for maintenance.
What is the property tax rate in Rocky Point?
Rocky Point has an effective property tax rate of 1.052%, based on a median home value of $115,500 and median real estate taxes of $1,215. That is higher than the Pender County average of 0.696%.
What is the average home price in Rocky Point?
The median owner-occupied home value in Rocky Point, North Carolina is $115,500, against $267,100 across Pender County.
Is it cheaper to rent or buy in Rocky Point?
Median gross rent in Rocky Point is $681 a month, against $1,040 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 Rocky Point — 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.