The typical owner-occupied home in Lake Junaluska is worth about $389,200, 35% above the North Carolina median of $288,900 and 17% above the national median of $332,700. Owners pay a median $1,822 a year in property taxes, about 0.47% of their home's value, lower than the North Carolina rate of 0.66%. The median household earns $66,165 a year, so the median home costs 5.9 times the median income (4.0 times for North Carolina). 75% of occupied homes here are lived in by their owners, and 49% of those owners still have a mortgage.
Lake Junaluska at a glance
| Lake Junaluska | North Carolina | U.S. | |
|---|---|---|---|
| Median home value | $389,200 | $288,900 | $332,700 |
| Median property tax paid per year | $1,822 | $1,896 | $3,119 |
| Property tax as a share of value | 0.47% | 0.66% | 0.94% |
| Median household income | $66,165 | $72,388 | $80,734 |
| Homes lived in by their owners | 75% | 67% | 65% |
| Owner homes with a mortgage | 49% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,622 | $1,631 | $1,963 |
| Those costs as a share of the owners' income | 18.7% | 19.4% | 21.0% |
| Median rent | $1,137 | $1,228 | $1,413 |
| Rent as a share of renters' income | 40.5% | 29.5% | 30.6% |
| Median year homes were built | 1970 | 1991 | 1980 |
| Vacant homes | 27.7% | 12.5% | 10.1% |
| Population | 3,175 | 10,730,404 | 334,922,499 |
What a typical home costs per month in Lake Junaluska
At this week's average 30-year rate of 7.11%, buying the median Lake Junaluska home of $389,200 with 20% down costs about $2,409 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,057, 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 $103,249 for the 20%-down payment. That payment is 44% of the median Lake Junaluska household income of $66,165; at that income and 20% down, the 28% guideline points to a home of about $249,000.
The median rent here is $1,137 a month, so owning the median home costs about $1,272 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $77,840 |
|---|---|
| Loan amount | $311,360 |
| Principal and interest | $2,095 |
| Property taxes (0.47% a year) | $152 |
| Homeowners insurance (our estimate, 0.5% a year) | $162 |
| PMI | $0 |
| Total per month | $2,409 |
Change the numbers in the calculator
| Down payment | $13,622 |
|---|---|
| Loan amount | $382,151 |
| Principal and interest | $2,571 |
| Property taxes (0.47% a year) | $152 |
| Homeowners insurance (our estimate, 0.5% a year) | $162 |
| FHA mortgage insurance | $172 |
| Total per month | $3,057 |
Change the numbers in the calculator
Questions about home buying in Lake Junaluska
What is the median home value in Lake Junaluska?
About $389,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Lake Junaluska?
Homeowners pay a median $1,822 a year, which is about 0.47% 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 Lake Junaluska?
For the median home with 20% down at 7.11%, the payment is about $2,409 a month. Keeping that under 28% of gross income takes about $103,249 a year.
More about Lake Junaluska
- Mortgage Refinance in Lake Junaluska
- Debt Relief in Lake Junaluska
- Home Equity Loans in Lake Junaluska
- 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