The typical owner-occupied home in Grimesland is worth about $208,700, 28% below the North Carolina median of $288,900 and 37% below the national median of $332,700. Owners pay a median $2,096 a year in property taxes, about 1.00% of their home's value, higher than the North Carolina rate of 0.66%. The median household earns $42,232 a year, so the median home costs 4.9 times the median income (4.0 times for North Carolina). 70% of occupied homes here are lived in by their owners, and 51% of those owners still have a mortgage.
Grimesland at a glance
| Grimesland | North Carolina | U.S. | |
|---|---|---|---|
| Median home value | $208,700 | $288,900 | $332,700 |
| Median property tax paid per year | $2,096 | $1,896 | $3,119 |
| Property tax as a share of value | 1.00% | 0.66% | 0.94% |
| Median household income | $42,232 | $72,388 | $80,734 |
| Homes lived in by their owners | 70% | 67% | 65% |
| Owner homes with a mortgage | 51% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,668 | $1,631 | $1,963 |
| Those costs as a share of the owners' income | 17.8% | 19.4% | 21.0% |
| Median rent | $1,453 | $1,228 | $1,413 |
| Rent as a share of renters' income | 48.7% | 29.5% | 30.6% |
| Median year homes were built | 1979 | 1991 | 1980 |
| Vacant homes | 13.2% | 12.5% | 10.1% |
| Population | 650 | 10,730,404 | 334,922,499 |
What a typical home costs per month in Grimesland
At this week's average 30-year rate of 7.11%, buying the median Grimesland home of $208,700 with 20% down costs about $1,384 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,732, 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 $59,316 for the 20%-down payment. That payment is 39% of the median Grimesland household income of $42,232; at that income and 20% down, the 28% guideline points to a home of about $149,000.
The median rent here is $1,453 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $41,740 |
|---|---|
| Loan amount | $166,960 |
| Principal and interest | $1,123 |
| Property taxes (1.00% a year) | $174 |
| Homeowners insurance (our estimate, 0.5% a year) | $87 |
| PMI | $0 |
| Total per month | $1,384 |
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| Down payment | $7,304 |
|---|---|
| Loan amount | $204,920 |
| Principal and interest | $1,379 |
| Property taxes (1.00% a year) | $174 |
| Homeowners insurance (our estimate, 0.5% a year) | $87 |
| FHA mortgage insurance | $92 |
| Total per month | $1,732 |
Change the numbers in the calculator
Questions about home buying in Grimesland
What is the median home value in Grimesland?
About $208,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Grimesland?
Homeowners pay a median $2,096 a year, which is about 1.00% 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 Grimesland?
For the median home with 20% down at 7.11%, the payment is about $1,384 a month. Keeping that under 28% of gross income takes about $59,316 a year.
More about Grimesland
- Mortgage Refinance in Grimesland
- Debt Relief in Grimesland
- Home Equity Loans in Grimesland
- 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