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Buying a home in Alexis, North Carolina

The typical owner-occupied home in Alexis is worth about $196,000, 32% below the North Carolina median of $288,900 and 41% below the national median of $332,700. Owners pay a median $1,326 a year in property taxes, about 0.68% of their home's value, close to the North Carolina rate of 0.66%. 77% of occupied homes here are lived in by their owners, and 40% of those owners still have a mortgage.

Alexis at a glance

Alexis North Carolina U.S.
Median home value $196,000 $288,900 $332,700
Median property tax paid per year $1,326 $1,896 $3,119
Property tax as a share of value 0.68% 0.66% 0.94%
Median household income – $72,388 $80,734
Homes lived in by their owners 77% 67% 65%
Owner homes with a mortgage 40% 61% 61%
Median monthly costs, owners with a mortgage $1,411 $1,631 $1,963
Those costs as a share of the owners' income 21.3% 19.4% 21.0%
Median rent $1,018 $1,228 $1,413
Rent as a share of renters' income 20.9% 29.5% 30.6%
Median year homes were built 1966 1991 1980
Vacant homes 0.0% 12.5% 10.1%
Population 635 10,730,404 334,922,499

What a typical home costs per month in Alexis

At this week's average 30-year rate of 7.11%, buying the median Alexis home of $196,000 with 20% down costs about $1,248 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,574, 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 $53,466 for the 20%-down payment.

The median rent here is $1,018 a month, so owning the median home costs about $230 a month more than renting, before you count the equity you build and any tax benefits.

20% down, 30-year conventional loan
Down payment$39,200
Loan amount$156,800
Principal and interest$1,055
Property taxes (0.68% a year)$111
Homeowners insurance (our estimate, 0.5% a year)$82
PMI$0
Total per month$1,248

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3.5% down, 30-year FHA loan
Down payment$6,860
Loan amount$192,450
Principal and interest$1,295
Property taxes (0.68% a year)$111
Homeowners insurance (our estimate, 0.5% a year)$82
FHA mortgage insurance$87
Total per month$1,574

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Questions about home buying in Alexis

What is the median home value in Alexis?

About $196,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.

How much are property taxes in Alexis?

Homeowners pay a median $1,326 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 Alexis?

For the median home with 20% down at 7.11%, the payment is about $1,248 a month. Keeping that under 28% of gross income takes about $53,466 a year.

More about Alexis

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