The typical owner-occupied home in Stem is worth about $240,500, 17% below the North Carolina median of $288,900 and 28% below the national median of $332,700. Owners pay a median $2,206 a year in property taxes, about 0.92% of their home's value, higher than the North Carolina rate of 0.66%. The median household earns $95,625 a year, so the median home costs 2.5 times the median income (4.0 times for North Carolina). 98% of occupied homes here are lived in by their owners, and 79% of those owners still have a mortgage.
Stem at a glance
| Stem | North Carolina | U.S. | |
|---|---|---|---|
| Median home value | $240,500 | $288,900 | $332,700 |
| Median property tax paid per year | $2,206 | $1,896 | $3,119 |
| Property tax as a share of value | 0.92% | 0.66% | 0.94% |
| Median household income | $95,625 | $72,388 | $80,734 |
| Homes lived in by their owners | 98% | 67% | 65% |
| Owner homes with a mortgage | 79% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,461 | $1,631 | $1,963 |
| Those costs as a share of the owners' income | 18.6% | 19.4% | 21.0% |
| Median rent | $925 | $1,228 | $1,413 |
| Rent as a share of renters' income | 17.5% | 29.5% | 30.6% |
| Median year homes were built | 2011 | 1991 | 1980 |
| Vacant homes | 10.3% | 12.5% | 10.1% |
| Population | 1,249 | 10,730,404 | 334,922,499 |
What a typical home costs per month in Stem
At this week's average 30-year rate of 7.11%, buying the median Stem home of $240,500 with 20% down costs about $1,579 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,980, 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 $67,666 for the 20%-down payment. That payment is 20% of the median Stem household income of $95,625; at that income and 20% down, the 28% guideline points to a home of about $340,000.
The median rent here is $925 a month, so owning the median home costs about $654 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $48,100 |
|---|---|
| Loan amount | $192,400 |
| Principal and interest | $1,294 |
| Property taxes (0.92% a year) | $184 |
| Homeowners insurance (our estimate, 0.5% a year) | $100 |
| PMI | $0 |
| Total per month | $1,579 |
Change the numbers in the calculator
| Down payment | $8,418 |
|---|---|
| Loan amount | $236,144 |
| Principal and interest | $1,589 |
| Property taxes (0.92% a year) | $184 |
| Homeowners insurance (our estimate, 0.5% a year) | $100 |
| FHA mortgage insurance | $106 |
| Total per month | $1,980 |
Change the numbers in the calculator
Questions about home buying in Stem
What is the median home value in Stem?
About $240,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Stem?
Homeowners pay a median $2,206 a year, which is about 0.92% 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 Stem?
For the median home with 20% down at 7.11%, the payment is about $1,579 a month. Keeping that under 28% of gross income takes about $67,666 a year.
More about Stem
- Mortgage Refinance in Stem
- Debt Relief in Stem
- Home Equity Loans in Stem
- 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