Total monthly cost of ownership
Cost to Own a Home in Stony Point, North Carolina
A $169,000 home here costs
$1,434per 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 $61,500 a year.
A standard mortgage calculator would have told you $921. The real number is $512 higher every month, 56% more than the payment most buyers budget for.
Compare Iredell County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Stony Point from a five-year rolling sample, and with about 1,301 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 Iredell 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.
Stony Point against Iredell County and North Carolina
| Measure | Stony Point | Iredell County |
|---|---|---|
| Median home value | $169,200 | $292,300 |
| Median property tax | $1,086 | $1,843 |
| Effective tax rate | 0.642% | 0.631% |
| Median gross rent | — | $1,183 |
| Population | 1,301 | 191,800 |
Stony Point extends across 2 counties. Figures here use Iredell County, where most of its housing sits.
The weather behind that power bill
Stony Point sits in Iredell County, which averages a high of 87.3°F in its hottest month and a low of 26.4°F in its coldest, with 46.65" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,257 cooling and 3,995 heating degree days, which is what sets the $152 electricity line above.
See the full climate breakdown for Iredell County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Iredell County
Full Iredell County cost breakdown · Every county in North Carolina
Talk to someone who works this market
These are Stony Point 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 Stony Point every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Stony Point I already own here and may sell
Common questions
How much does it cost to own a home in Stony Point?
A $169,000 home in Stony Point, North Carolina costs approximately $1,434 per month with 20% down at 7.24%. That is $921 principal and interest, $90 property tax, $61 homeowners insurance, $220 utilities and $141 set aside for maintenance.
What is the property tax rate in Stony Point?
Stony Point has an effective property tax rate of 0.642%, based on a median home value of $169,200 and median real estate taxes of $1,086. That is higher than the Iredell County average of 0.631%.
What is the average home price in Stony Point?
The median owner-occupied home value in Stony Point, North Carolina is $169,200, against $292,300 across Iredell County.
Is it cheaper to rent or buy in Stony Point?
Rent data is not published for Stony Point at this level of detail.
What salary do you need to buy a home in Stony Point?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Stony Point, North Carolina at today's rate takes a household income of roughly $61,500 a year. That covers the full $1,434 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Stony 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.