The typical owner-occupied home in Hamilton is worth about $69,300, 76% below the North Carolina median of $288,900 and 79% below the national median of $332,700. Owners pay a median $1,065 a year in property taxes, about 1.54% of their home's value, higher than the North Carolina rate of 0.66%. The median household earns $41,875 a year, so the median home costs 1.7 times the median income (4.0 times for North Carolina). 88% of occupied homes here are lived in by their owners, and 39% of those owners still have a mortgage.
Hamilton at a glance
| Hamilton | North Carolina | U.S. | |
|---|---|---|---|
| Median home value | $69,300 | $288,900 | $332,700 |
| Median property tax paid per year | $1,065 | $1,896 | $3,119 |
| Property tax as a share of value | 1.54% | 0.66% | 0.94% |
| Median household income | $41,875 | $72,388 | $80,734 |
| Homes lived in by their owners | 88% | 67% | 65% |
| Owner homes with a mortgage | 39% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,238 | $1,631 | $1,963 |
| Those costs as a share of the owners' income | 27.5% | 19.4% | 21.0% |
| Median rent | – | $1,228 | $1,413 |
| Median year homes were built | 1962 | 1991 | 1980 |
| Vacant homes | 33.5% | 12.5% | 10.1% |
| Population | 243 | 10,730,404 | 334,922,499 |
What a typical home costs per month in Hamilton
At this week's average 30-year rate of 7.11%, buying the median Hamilton home of $69,300 with 20% down costs about $491 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $606, 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 $21,033 for the 20%-down payment. That payment is 14% of the median Hamilton household income of $41,875; at that income and 20% down, the 28% guideline points to a home of about $138,000.
| Down payment | $13,860 |
|---|---|
| Loan amount | $55,440 |
| Principal and interest | $373 |
| Property taxes (1.54% a year) | $89 |
| Homeowners insurance (our estimate, 0.5% a year) | $29 |
| PMI | $0 |
| Total per month | $491 |
Change the numbers in the calculator
| Down payment | $2,426 |
|---|---|
| Loan amount | $68,045 |
| Principal and interest | $458 |
| Property taxes (1.54% a year) | $89 |
| Homeowners insurance (our estimate, 0.5% a year) | $29 |
| FHA mortgage insurance | $31 |
| Total per month | $606 |
Change the numbers in the calculator
Questions about home buying in Hamilton
What is the median home value in Hamilton?
About $69,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Hamilton?
Homeowners pay a median $1,065 a year, which is about 1.54% 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 Hamilton?
For the median home with 20% down at 7.11%, the payment is about $491 a month. Keeping that under 28% of gross income takes about $21,033 a year.
More about Hamilton
- Mortgage Refinance in Hamilton
- Debt Relief in Hamilton
- Home Equity Loans in Hamilton
- 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