Total monthly cost of ownership
Cost to Own a Home in Wanchese, North Carolina
A $257,000 home here costs
$1,941per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,321. The real number is $620 higher every month — 47% 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.
Wanchese against Dare County and North Carolina
| Measure | Wanchese | Dare County |
|---|---|---|
| Median home value | $257,100 | $425,400 |
| Median property tax | $1,306 | $2,245 |
| Effective tax rate | 0.508% | 0.528% |
| Median gross rent | $1,031 | $1,307 |
| Population | 1,793 | 37,534 |
The weather behind that power bill
Wanchese sits in Dare County, which averages a high of 85.8°F in its hottest month and a low of 35.6°F in its coldest, with 46.55" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 1,705 cooling and 2,891 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Dare County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Dare County
Full Dare County cost breakdown · Every county in North Carolina
Common questions
How much does it cost to own a home in Wanchese?
A $257,000 home in Wanchese, North Carolina costs approximately $1,941 per month with 20% down at 6.66%. That is $1,321 principal and interest, $109 property tax, $93 homeowners insurance, $204 utilities and $214 set aside for maintenance.
What is the property tax rate in Wanchese?
Wanchese has an effective property tax rate of 0.508%, based on a median home value of $257,100 and median real estate taxes of $1,306. That is lower than the Dare County average of 0.528%.
What is the average home price in Wanchese?
The median owner-occupied home value in Wanchese, North Carolina is $257,100, against $425,400 across Dare County.
Is it cheaper to rent or buy in Wanchese?
Median gross rent in Wanchese is $1,031 a month, against $1,941 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 Wanchese — 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.