The typical owner-occupied home in Avon is worth about $400,500, 39% above the North Carolina median of $288,900 and 20% above the national median of $332,700. Owners pay a median $2,741 a year in property taxes, about 0.68% of their home's value, close to the North Carolina rate of 0.66%. The median household earns $35,365 a year, so the median home costs 11.3 times the median income (4.0 times for North Carolina). 85% of occupied homes here are lived in by their owners, and 55% of those owners still have a mortgage.
Avon at a glance
| Avon | North Carolina | U.S. | |
|---|---|---|---|
| Median home value | $400,500 | $288,900 | $332,700 |
| Median property tax paid per year | $2,741 | $1,896 | $3,119 |
| Property tax as a share of value | 0.68% | 0.66% | 0.94% |
| Median household income | $35,365 | $72,388 | $80,734 |
| Homes lived in by their owners | 85% | 67% | 65% |
| Owner homes with a mortgage | 55% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,149 | $1,631 | $1,963 |
| Those costs as a share of the owners' income | 46.7% | 19.4% | 21.0% |
| Median rent | – | $1,228 | $1,413 |
| Median year homes were built | 1988 | 1991 | 1980 |
| Vacant homes | 85.3% | 12.5% | 10.1% |
| Population | 339 | 10,730,404 | 334,922,499 |
What a typical home costs per month in Avon
At this week's average 30-year rate of 7.11%, buying the median Avon home of $400,500 with 20% down costs about $2,549 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,216, 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 $109,251 for the 20%-down payment. That payment is 86% of the median Avon household income of $35,365; at that income and 20% down, the 28% guideline points to a home of about $130,000.
| Down payment | $80,100 |
|---|---|
| Loan amount | $320,400 |
| Principal and interest | $2,155 |
| Property taxes (0.68% a year) | $227 |
| Homeowners insurance (our estimate, 0.5% a year) | $167 |
| PMI | $0 |
| Total per month | $2,549 |
Change the numbers in the calculator
| Down payment | $14,018 |
|---|---|
| Loan amount | $393,246 |
| Principal and interest | $2,645 |
| Property taxes (0.68% a year) | $227 |
| Homeowners insurance (our estimate, 0.5% a year) | $167 |
| FHA mortgage insurance | $177 |
| Total per month | $3,216 |
Change the numbers in the calculator
Questions about home buying in Avon
What is the median home value in Avon?
About $400,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Avon?
Homeowners pay a median $2,741 a year, which is about 0.68% 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 Avon?
For the median home with 20% down at 7.11%, the payment is about $2,549 a month. Keeping that under 28% of gross income takes about $109,251 a year.
More about Avon
- Mortgage Refinance in Avon
- Debt Relief in Avon
- Home Equity Loans in Avon
- 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