Compare North Carolina mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in North Carolina.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in North Carolina. Plus, shopping lenders is free and there is no obligation.
August 18, 2025
Below we offer valuable insights on the housing market and real estate prices in North Carolina. Understand how much you need to make to buy a house in North Carolina, including the mortgage you need. Review the monthy loan payment so you can determine if home ownership in North Carolina is affordable for you. We provide this helpful information to help you decide if living in North Carolina is right for you.
The median home value for North Carolina is $286,102
Based on current mortgage rates and a 10% down payment, the income required to buy the median priced home in North Carolina is $59,685
With this income, you could qualify for a $257,491 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in North Carolina is $1,382
The median household income for North Carolina is $64,893
Based on this income, you can afford a home valued at approximately $311,063
The home price you can afford to buy based on household income in North Carolina is 109% of the median home value which means housing prices are expensive. North Carolina ranks 31 out of 50 states for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the real estate market in North Carolina is expensive