Total monthly cost of ownership
Cost to Own a Home in Swepsonville, North Carolina
A $283,000 home here costs
$2,118per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,455. The real number is $664 higher every month — 46% 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.
Swepsonville against Alamance County and North Carolina
| Measure | Swepsonville | Alamance County |
|---|---|---|
| Median home value | $282,500 | $221,200 |
| Median property tax | $1,456 | $1,440 |
| Effective tax rate | 0.515% | 0.651% |
| Median gross rent | $988 | $1,007 |
| Population | 2,452 | 174,286 |
The weather behind that power bill
Swepsonville sits in Alamance County, which averages a high of 90.8°F in its hottest month and a low of 30.0°F in its coldest, with 43.3" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,737 cooling and 3,268 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Alamance County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Alamance County
Full Alamance County cost breakdown · Every county in North Carolina
Common questions
How much does it cost to own a home in Swepsonville?
A $283,000 home in Swepsonville, North Carolina costs approximately $2,118 per month with 20% down at 6.66%. That is $1,455 principal and interest, $121 property tax, $103 homeowners insurance, $204 utilities and $236 set aside for maintenance.
What is the property tax rate in Swepsonville?
Swepsonville has an effective property tax rate of 0.515%, based on a median home value of $282,500 and median real estate taxes of $1,456. That is lower than the Alamance County average of 0.651%.
What is the average home price in Swepsonville?
The median owner-occupied home value in Swepsonville, North Carolina is $282,500, against $221,200 across Alamance County.
Is it cheaper to rent or buy in Swepsonville?
Median gross rent in Swepsonville is $988 a month, against $2,118 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 Swepsonville — 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.