The typical owner-occupied home in Wade is worth about $215,000, 26% below the North Carolina median of $288,900 and 35% below the national median of $332,700. Owners pay a median $1,750 a year in property taxes, about 0.81% of their home's value, higher than the North Carolina rate of 0.66%. The median household earns $70,938 a year, so the median home costs 3.0 times the median income (4.0 times for North Carolina). 69% of occupied homes here are lived in by their owners, and 50% of those owners still have a mortgage.
Wade at a glance
| Wade | North Carolina | U.S. | |
|---|---|---|---|
| Median home value | $215,000 | $288,900 | $332,700 |
| Median property tax paid per year | $1,750 | $1,896 | $3,119 |
| Property tax as a share of value | 0.81% | 0.66% | 0.94% |
| Median household income | $70,938 | $72,388 | $80,734 |
| Homes lived in by their owners | 69% | 67% | 65% |
| Owner homes with a mortgage | 50% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,736 | $1,631 | $1,963 |
| Those costs as a share of the owners' income | 21.1% | 19.4% | 21.0% |
| Median rent | – | $1,228 | $1,413 |
| Rent as a share of renters' income | 35.8% | 29.5% | 30.6% |
| Median year homes were built | 1986 | 1991 | 1980 |
| Vacant homes | 11.5% | 12.5% | 10.1% |
| Population | 518 | 10,730,404 | 334,922,499 |
What a typical home costs per month in Wade
At this week's average 30-year rate of 7.11%, buying the median Wade home of $215,000 with 20% down costs about $1,392 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,750, 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 $59,647 for the 20%-down payment. That payment is 24% of the median Wade household income of $70,938; at that income and 20% down, the 28% guideline points to a home of about $256,000.
| Down payment | $43,000 |
|---|---|
| Loan amount | $172,000 |
| Principal and interest | $1,157 |
| Property taxes (0.81% a year) | $145 |
| Homeowners insurance (our estimate, 0.5% a year) | $90 |
| PMI | $0 |
| Total per month | $1,392 |
Change the numbers in the calculator
| Down payment | $7,525 |
|---|---|
| Loan amount | $211,106 |
| Principal and interest | $1,420 |
| Property taxes (0.81% a year) | $145 |
| Homeowners insurance (our estimate, 0.5% a year) | $90 |
| FHA mortgage insurance | $95 |
| Total per month | $1,750 |
Change the numbers in the calculator
Questions about home buying in Wade
What is the median home value in Wade?
About $215,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Wade?
Homeowners pay a median $1,750 a year, which is about 0.81% 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 Wade?
For the median home with 20% down at 7.11%, the payment is about $1,392 a month. Keeping that under 28% of gross income takes about $59,647 a year.
More about Wade
- Mortgage Refinance in Wade
- Debt Relief in Wade
- Home Equity Loans in Wade
- 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