Total monthly cost of ownership
Cost to Own a Home in Scotland Neck, North Carolina
A $76,000 home here costs
$757per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $391. The real number is $366 higher every month — 94% 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.
Scotland Neck against Halifax County and North Carolina
| Measure | Scotland Neck | Halifax County |
|---|---|---|
| Median home value | $76,100 | $102,500 |
| Median property tax | $860 | $1,163 |
| Effective tax rate | 1.130% | 1.135% |
| Median gross rent | $557 | $776 |
| Population | 2,087 | 48,219 |
The weather behind that power bill
Scotland Neck 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 $136 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
Common questions
How much does it cost to own a home in Scotland Neck?
A $76,000 home in Scotland Neck, North Carolina costs approximately $757 per month with 20% down at 6.66%. That is $391 principal and interest, $72 property tax, $28 homeowners insurance, $204 utilities and $63 set aside for maintenance.
What is the property tax rate in Scotland Neck?
Scotland Neck has an effective property tax rate of 1.130%, based on a median home value of $76,100 and median real estate taxes of $860. That is in line with the Halifax County average of 1.135%.
What is the average home price in Scotland Neck?
The median owner-occupied home value in Scotland Neck, North Carolina is $76,100, against $102,500 across Halifax County.
Is it cheaper to rent or buy in Scotland Neck?
Median gross rent in Scotland Neck is $557 a month, against $757 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 Scotland Neck — 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.