The typical owner-occupied home in Halifax County is worth about $106,200, 63% below the North Carolina median of $288,900 and 68% below the national median of $332,700. Owners pay a median $1,216 a year in property taxes, about 1.15% of their home's value, higher than the North Carolina rate of 0.66%. The median household earns $45,590 a year, so the median home costs 2.3 times the median income (4.0 times for North Carolina). 63% of occupied homes here are lived in by their owners, and 46% of those owners still have a mortgage.
Halifax County at a glance
| Halifax County | North Carolina | U.S. | |
|---|---|---|---|
| Median home value | $106,200 | $288,900 | $332,700 |
| Median property tax paid per year | $1,216 | $1,896 | $3,119 |
| Property tax as a share of value | 1.15% | 0.66% | 0.94% |
| Median household income | $45,590 | $72,388 | $80,734 |
| Homes lived in by their owners | 63% | 67% | 65% |
| Owner homes with a mortgage | 46% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,205 | $1,631 | $1,963 |
| Those costs as a share of the owners' income | 22.4% | 19.4% | 21.0% |
| Median rent | $813 | $1,228 | $1,413 |
| Rent as a share of renters' income | 29.7% | 29.5% | 30.6% |
| Median year homes were built | 1979 | 1991 | 1980 |
| Vacant homes | 18.0% | 12.5% | 10.1% |
| Population | 47,675 | 10,730,404 | 334,922,499 |
What a typical home costs per month in Halifax County
At this week's average 30-year rate of 7.11%, buying the median Halifax County home of $106,200 with 20% down costs about $718 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $894, 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 $30,753 for the 20%-down payment. That payment is 19% of the median Halifax County household income of $45,590; at that income and 20% down, the 28% guideline points to a home of about $157,000.
The median rent here is $813 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $21,240 |
|---|---|
| Loan amount | $84,960 |
| Principal and interest | $572 |
| Property taxes (1.15% a year) | $102 |
| Homeowners insurance (our estimate, 0.5% a year) | $44 |
| PMI | $0 |
| Total per month | $718 |
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| Down payment | $3,717 |
|---|---|
| Loan amount | $104,276 |
| Principal and interest | $701 |
| Property taxes (1.15% a year) | $102 |
| Homeowners insurance (our estimate, 0.5% a year) | $44 |
| FHA mortgage insurance | $47 |
| Total per month | $894 |
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Questions about home buying in Halifax County
What is the median home value in Halifax County?
About $106,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Halifax County?
Homeowners pay a median $1,216 a year, which is about 1.15% 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 Halifax County?
For the median home with 20% down at 7.11%, the payment is about $718 a month. Keeping that under 28% of gross income takes about $30,753 a year.
More about Halifax County
- Mortgage Refinance in Halifax County
- Debt Relief in Halifax County
- Home Equity Loans in Halifax County
- 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