Total monthly cost of ownership
Cost to Own a Home in Tarboro, North Carolina
A $156,000 home here costs
$1,332per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $802. The real number is $530 higher every month — 66% 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.
Tarboro against Edgecombe County and North Carolina
| Measure | Tarboro | Edgecombe County |
|---|---|---|
| Median home value | $155,500 | $116,800 |
| Median property tax | $1,677 | $1,282 |
| Effective tax rate | 1.078% | 1.098% |
| Median gross rent | $698 | $818 |
| Population | 10,705 | 48,777 |
The weather behind that power bill
Tarboro sits in Edgecombe County, which averages a high of 89.3°F in its hottest month and a low of 30.1°F in its coldest, with 47.59" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 1,687 cooling and 3,322 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Edgecombe County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Edgecombe County
Full Edgecombe County cost breakdown · Every county in North Carolina
Common questions
How much does it cost to own a home in Tarboro?
A $156,000 home in Tarboro, North Carolina costs approximately $1,332 per month with 20% down at 6.66%. That is $802 principal and interest, $140 property tax, $57 homeowners insurance, $204 utilities and $130 set aside for maintenance.
What is the property tax rate in Tarboro?
Tarboro has an effective property tax rate of 1.078%, based on a median home value of $155,500 and median real estate taxes of $1,677. That is lower than the Edgecombe County average of 1.098%.
What is the average home price in Tarboro?
The median owner-occupied home value in Tarboro, North Carolina is $155,500, against $116,800 across Edgecombe County.
Is it cheaper to rent or buy in Tarboro?
Median gross rent in Tarboro is $698 a month, against $1,332 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 Tarboro — 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.