The typical owner-occupied home in Horse Shoe is worth about $407,500, 41% above the North Carolina median of $288,900 and 22% above the national median of $332,700. Owners pay a median $2,167 a year in property taxes, about 0.53% of their home's value, lower than the North Carolina rate of 0.66%. The median household earns $64,096 a year, so the median home costs 6.4 times the median income (4.0 times for North Carolina). 88% of occupied homes here are lived in by their owners, and 57% of those owners still have a mortgage.
Horse Shoe at a glance
| Horse Shoe | North Carolina | U.S. | |
|---|---|---|---|
| Median home value | $407,500 | $288,900 | $332,700 |
| Median property tax paid per year | $2,167 | $1,896 | $3,119 |
| Property tax as a share of value | 0.53% | 0.66% | 0.94% |
| Median household income | $64,096 | $72,388 | $80,734 |
| Homes lived in by their owners | 88% | 67% | 65% |
| Owner homes with a mortgage | 57% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,646 | $1,631 | $1,963 |
| Those costs as a share of the owners' income | 27.9% | 19.4% | 21.0% |
| Median rent | – | $1,228 | $1,413 |
| Rent as a share of renters' income | 14.0% | 29.5% | 30.6% |
| Median year homes were built | 1985 | 1991 | 1980 |
| Vacant homes | 12.5% | 12.5% | 10.1% |
| Population | 1,490 | 10,730,404 | 334,922,499 |
What a typical home costs per month in Horse Shoe
At this week's average 30-year rate of 7.11%, buying the median Horse Shoe home of $407,500 with 20% down costs about $2,543 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,222, 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 $108,977 for the 20%-down payment. That payment is 48% of the median Horse Shoe household income of $64,096; at that income and 20% down, the 28% guideline points to a home of about $240,000.
| Down payment | $81,500 |
|---|---|
| Loan amount | $326,000 |
| Principal and interest | $2,193 |
| Property taxes (0.53% a year) | $180 |
| Homeowners insurance (our estimate, 0.5% a year) | $170 |
| PMI | $0 |
| Total per month | $2,543 |
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| Down payment | $14,262 |
|---|---|
| Loan amount | $400,119 |
| Principal and interest | $2,692 |
| Property taxes (0.53% a year) | $180 |
| Homeowners insurance (our estimate, 0.5% a year) | $170 |
| FHA mortgage insurance | $180 |
| Total per month | $3,222 |
Change the numbers in the calculator
Questions about home buying in Horse Shoe
What is the median home value in Horse Shoe?
About $407,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Horse Shoe?
Homeowners pay a median $2,167 a year, which is about 0.53% 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 Horse Shoe?
For the median home with 20% down at 7.11%, the payment is about $2,543 a month. Keeping that under 28% of gross income takes about $108,977 a year.
More about Horse Shoe
- Mortgage Refinance in Horse Shoe
- Debt Relief in Horse Shoe
- Home Equity Loans in Horse Shoe
- 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