The typical owner-occupied home in Earl is worth about $163,400, 43% below the North Carolina median of $288,900 and 51% below the national median of $332,700. Owners pay a median $935 a year in property taxes, about 0.57% of their home's value, lower than the North Carolina rate of 0.66%. The median household earns $44,033 a year, so the median home costs 3.7 times the median income (4.0 times for North Carolina). 80% of occupied homes here are lived in by their owners, and 50% of those owners still have a mortgage.
Earl at a glance
| Earl | North Carolina | U.S. | |
|---|---|---|---|
| Median home value | $163,400 | $288,900 | $332,700 |
| Median property tax paid per year | $935 | $1,896 | $3,119 |
| Property tax as a share of value | 0.57% | 0.66% | 0.94% |
| Median household income | $44,033 | $72,388 | $80,734 |
| Homes lived in by their owners | 80% | 67% | 65% |
| Owner homes with a mortgage | 50% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,393 | $1,631 | $1,963 |
| Those costs as a share of the owners' income | 44.5% | 19.4% | 21.0% |
| Median rent | $944 | $1,228 | $1,413 |
| Rent as a share of renters' income | 17.7% | 29.5% | 30.6% |
| Median year homes were built | 1982 | 1991 | 1980 |
| Vacant homes | 35.2% | 12.5% | 10.1% |
| Population | 309 | 10,730,404 | 334,922,499 |
What a typical home costs per month in Earl
At this week's average 30-year rate of 7.11%, buying the median Earl home of $163,400 with 20% down costs about $1,025 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,297, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $43,931 for the 20%-down payment. That payment is 28% of the median Earl household income of $44,033; at that income and 20% down, the 28% guideline points to a home of about $164,000.
The median rent here is $944 a month, so owning the median home costs about $81 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $32,680 |
|---|---|
| Loan amount | $130,720 |
| Principal and interest | $879 |
| Property taxes (0.57% a year) | $78 |
| Homeowners insurance (our estimate, 0.5% a year) | $68 |
| PMI | $0 |
| Total per month | $1,025 |
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| Down payment | $5,719 |
|---|---|
| Loan amount | $160,440 |
| Principal and interest | $1,079 |
| Property taxes (0.57% a year) | $78 |
| Homeowners insurance (our estimate, 0.5% a year) | $68 |
| FHA mortgage insurance | $72 |
| Total per month | $1,297 |
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Questions about home buying in Earl
What is the median home value in Earl?
About $163,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Earl?
Homeowners pay a median $935 a year, which is about 0.57% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Earl?
For the median home with 20% down at 7.11%, the payment is about $1,025 a month. Keeping that under 28% of gross income takes about $43,931 a year.
More about Earl
- Mortgage Refinance in Earl
- Debt Relief in Earl
- Home Equity Loans in Earl
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data