Total monthly cost of ownership
Cost to Own a Home in Swepsonville, North Carolina
A $283,000 home here costs
$2,223per 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 $95,500 a year.
A standard mortgage calculator would have told you $1,543. The real number is $680 higher every month, 44% more than the payment most buyers budget for.
Compare Alamance County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Swepsonville from a five-year rolling sample, and with about 2,452 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 Alamance 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.
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 $152 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
Talk to someone who works this market
These are Swepsonville 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 Swepsonville every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Swepsonville I already own here and may sell
Common questions
How much does it cost to own a home in Swepsonville?
A $283,000 home in Swepsonville, North Carolina costs approximately $2,223 per month with 20% down at 7.24%. That is $1,543 principal and interest, $121 property tax, $103 homeowners insurance, $220 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 $2,223 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 Swepsonville?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Swepsonville, North Carolina at today's rate takes a household income of roughly $95,500 a year. That covers the full $2,223 monthly cost, not just the mortgage payment.
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.