Total monthly cost of ownership
Cost to Own a Home in Wesley Chapel, North Carolina
A $494,000 home here costs
$3,743per month, all in, with 20% down at today's 7.32% 30-year fixed rate. By the 28% rule that takes a household income of about $160,500 a year.
A standard mortgage calculator would have told you $2,715. The real number is $1,028 higher every month, 38% more than the payment most buyers budget for.
Compare Union County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Wesley Chapel against Union County and North Carolina
| Measure | Wesley Chapel | Union County |
|---|---|---|
| Median home value | $493,900 | $374,400 |
| Median property tax | $2,615 | $2,298 |
| Effective tax rate | 0.529% | 0.614% |
| Median gross rent | $2,727 | $1,390 |
| Population | 8,923 | 244,975 |
The weather behind that power bill
Wesley Chapel sits in Union County, which averages a high of 91.1°F in its hottest month and a low of 30.3°F in its coldest, with 47.79" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,735 cooling and 3,199 heating degree days, which is what sets the $152 electricity line above.
See the full climate breakdown for Union County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Union County
Full Union County cost breakdown · Every county in North Carolina
Talk to someone who works this market
These are Wesley Chapel 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 Wesley Chapel every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Wesley Chapel I already own here and may sell
Common questions
How much does it cost to own a home in Wesley Chapel?
A $494,000 home in Wesley Chapel, North Carolina costs approximately $3,743 per month with 20% down at 7.32%. That is $2,715 principal and interest, $218 property tax, $179 homeowners insurance, $220 utilities and $412 set aside for maintenance.
What is the property tax rate in Wesley Chapel?
Wesley Chapel has an effective property tax rate of 0.529%, based on a median home value of $493,900 and median real estate taxes of $2,615. That is lower than the Union County average of 0.614%.
What is the average home price in Wesley Chapel?
The median owner-occupied home value in Wesley Chapel, North Carolina is $493,900, against $374,400 across Union County.
Is it cheaper to rent or buy in Wesley Chapel?
Median gross rent in Wesley Chapel is $2,727 a month, against $3,743 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 Wesley Chapel?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Wesley Chapel, North Carolina at today's rate takes a household income of roughly $160,500 a year. That covers the full $3,743 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Wesley Chapel, 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.