The typical owner-occupied home in Deep Run is worth about $73,400, 75% below the North Carolina median of $288,900 and 78% below the national median of $332,700. Owners pay a median $676 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 $54,602 a year, so the median home costs 1.3 times the median income (4.0 times for North Carolina). 76% of occupied homes here are lived in by their owners, and 18% of those owners still have a mortgage.
Deep Run at a glance
| Deep Run | North Carolina | U.S. | |
|---|---|---|---|
| Median home value | $73,400 | $288,900 | $332,700 |
| Median property tax paid per year | $676 | $1,896 | $3,119 |
| Property tax as a share of value | 0.92% | 0.66% | 0.94% |
| Median household income | $54,602 | $72,388 | $80,734 |
| Homes lived in by their owners | 76% | 67% | 65% |
| Owner homes with a mortgage | 18% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,102 | $1,631 | $1,963 |
| Those costs as a share of the owners' income | 19.8% | 19.4% | 21.0% |
| Median rent | $780 | $1,228 | $1,413 |
| Rent as a share of renters' income | 31.3% | 29.5% | 30.6% |
| Median year homes were built | 1988 | 1991 | 1980 |
| Vacant homes | 0.0% | 12.5% | 10.1% |
| Population | 662 | 10,730,404 | 334,922,499 |
What a typical home costs per month in Deep Run
At this week's average 30-year rate of 7.11%, buying the median Deep Run home of $73,400 with 20% down costs about $482 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $604, 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 $20,652 for the 20%-down payment. That payment is 11% of the median Deep Run household income of $54,602; at that income and 20% down, the 28% guideline points to a home of about $194,000.
The median rent here is $780 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $14,680 |
|---|---|
| Loan amount | $58,720 |
| Principal and interest | $395 |
| Property taxes (0.92% a year) | $56 |
| Homeowners insurance (our estimate, 0.5% a year) | $31 |
| PMI | $0 |
| Total per month | $482 |
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| Down payment | $2,569 |
|---|---|
| Loan amount | $72,071 |
| Principal and interest | $485 |
| Property taxes (0.92% a year) | $56 |
| Homeowners insurance (our estimate, 0.5% a year) | $31 |
| FHA mortgage insurance | $32 |
| Total per month | $604 |
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Questions about home buying in Deep Run
What is the median home value in Deep Run?
About $73,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Deep Run?
Homeowners pay a median $676 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 Deep Run?
For the median home with 20% down at 7.11%, the payment is about $482 a month. Keeping that under 28% of gross income takes about $20,652 a year.
More about Deep Run
- Mortgage Refinance in Deep Run
- Debt Relief in Deep Run
- Home Equity Loans in Deep Run
- 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