Total monthly cost of ownership
Cost to Own a Home in Rural Hall, North Carolina
A $184,000 home here costs
$1,563per month, all in, with 20% down at today's 7.32% 30-year fixed rate. By the 28% rule that takes a household income of about $67,000 a year.
A standard mortgage calculator would have told you $1,011. The real number is $552 higher every month, 55% more than the payment most buyers budget for.
Compare Forsyth County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Rural Hall from a five-year rolling sample, and with about 3,421 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Forsyth County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Rural Hall against Forsyth County and North Carolina
| Measure | Rural Hall | Forsyth County |
|---|---|---|
| Median home value | $183,800 | $227,800 |
| Median property tax | $1,347 | $1,934 |
| Effective tax rate | 0.733% | 0.849% |
| Median gross rent | $995 | $1,046 |
| Population | 3,421 | 386,740 |
The weather behind that power bill
Rural Hall sits in Forsyth County, which averages a high of 88.0°F in its hottest month and a low of 30.7°F in its coldest, with 43.2" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,514 cooling and 3,497 heating degree days, which is what sets the $152 electricity line above.
See the full climate breakdown for Forsyth County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Forsyth County
Full Forsyth County cost breakdown · Every county in North Carolina
Talk to someone who works this market
These are Rural Hall 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 Rural Hall every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Rural Hall I already own here and may sell
Common questions
How much does it cost to own a home in Rural Hall?
A $184,000 home in Rural Hall, North Carolina costs approximately $1,563 per month with 20% down at 7.32%. That is $1,011 principal and interest, $112 property tax, $67 homeowners insurance, $220 utilities and $153 set aside for maintenance.
What is the property tax rate in Rural Hall?
Rural Hall has an effective property tax rate of 0.733%, based on a median home value of $183,800 and median real estate taxes of $1,347. That is lower than the Forsyth County average of 0.849%.
What is the average home price in Rural Hall?
The median owner-occupied home value in Rural Hall, North Carolina is $183,800, against $227,800 across Forsyth County.
Is it cheaper to rent or buy in Rural Hall?
Median gross rent in Rural Hall is $995 a month, against $1,563 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 Rural Hall?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Rural Hall, North Carolina at today's rate takes a household income of roughly $67,000 a year. That covers the full $1,563 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Rural Hall, 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.