The typical owner-occupied home in Whitakers is worth about $148,300, 49% below the North Carolina median of $288,900 and 55% below the national median of $332,700. Owners pay a median $1,545 a year in property taxes, about 1.04% of their home's value, higher than the North Carolina rate of 0.66%. The median household earns $48,869 a year, so the median home costs 3.0 times the median income (4.0 times for North Carolina). 52% of occupied homes here are lived in by their owners, and 62% of those owners still have a mortgage.
Whitakers at a glance
| Whitakers | North Carolina | U.S. | |
|---|---|---|---|
| Median home value | $148,300 | $288,900 | $332,700 |
| Median property tax paid per year | $1,545 | $1,896 | $3,119 |
| Property tax as a share of value | 1.04% | 0.66% | 0.94% |
| Median household income | $48,869 | $72,388 | $80,734 |
| Homes lived in by their owners | 52% | 67% | 65% |
| Owner homes with a mortgage | 62% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,333 | $1,631 | $1,963 |
| Those costs as a share of the owners' income | 19.6% | 19.4% | 21.0% |
| Median rent | $887 | $1,228 | $1,413 |
| Rent as a share of renters' income | 34.8% | 29.5% | 30.6% |
| Median year homes were built | 1967 | 1991 | 1980 |
| Vacant homes | 27.7% | 12.5% | 10.1% |
| Population | 494 | 10,730,404 | 334,922,499 |
What a typical home costs per month in Whitakers
At this week's average 30-year rate of 7.11%, buying the median Whitakers home of $148,300 with 20% down costs about $988 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,235, 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 $42,361 for the 20%-down payment. That payment is 24% of the median Whitakers household income of $48,869; at that income and 20% down, the 28% guideline points to a home of about $171,000.
The median rent here is $887 a month, so owning the median home costs about $101 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $29,660 |
|---|---|
| Loan amount | $118,640 |
| Principal and interest | $798 |
| Property taxes (1.04% a year) | $129 |
| Homeowners insurance (our estimate, 0.5% a year) | $62 |
| PMI | $0 |
| Total per month | $988 |
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| Down payment | $5,190 |
|---|---|
| Loan amount | $145,614 |
| Principal and interest | $980 |
| Property taxes (1.04% a year) | $129 |
| Homeowners insurance (our estimate, 0.5% a year) | $62 |
| FHA mortgage insurance | $66 |
| Total per month | $1,235 |
Change the numbers in the calculator
Questions about home buying in Whitakers
What is the median home value in Whitakers?
About $148,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Whitakers?
Homeowners pay a median $1,545 a year, which is about 1.04% 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 Whitakers?
For the median home with 20% down at 7.11%, the payment is about $988 a month. Keeping that under 28% of gross income takes about $42,361 a year.
More about Whitakers
- Mortgage Refinance in Whitakers
- Debt Relief in Whitakers
- Home Equity Loans in Whitakers
- 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