The typical owner-occupied home in Salisbury is worth about $242,500, 16% below the North Carolina median of $288,900 and 27% below the national median of $332,700. Owners pay a median $2,082 a year in property taxes, about 0.86% of their home's value, higher than the North Carolina rate of 0.66%. The median household earns $53,716 a year, so the median home costs 4.5 times the median income (4.0 times for North Carolina). 52% of occupied homes here are lived in by their owners, and 65% of those owners still have a mortgage.
Salisbury at a glance
| Salisbury | North Carolina | U.S. | |
|---|---|---|---|
| Median home value | $242,500 | $288,900 | $332,700 |
| Median property tax paid per year | $2,082 | $1,896 | $3,119 |
| Property tax as a share of value | 0.86% | 0.66% | 0.94% |
| Median household income | $53,716 | $72,388 | $80,734 |
| Homes lived in by their owners | 52% | 67% | 65% |
| Owner homes with a mortgage | 65% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,500 | $1,631 | $1,963 |
| Those costs as a share of the owners' income | 21.6% | 19.4% | 21.0% |
| Median rent | $1,071 | $1,228 | $1,413 |
| Rent as a share of renters' income | 32.1% | 29.5% | 30.6% |
| Median year homes were built | 1976 | 1991 | 1980 |
| Vacant homes | 10.2% | 12.5% | 10.1% |
| Population | 35,825 | 10,730,404 | 334,922,499 |
What a typical home costs per month in Salisbury
At this week's average 30-year rate of 7.11%, buying the median Salisbury home of $242,500 with 20% down costs about $1,580 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,984, 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 $67,709 for the 20%-down payment. That payment is 35% of the median Salisbury household income of $53,716; at that income and 20% down, the 28% guideline points to a home of about $192,000.
The median rent here is $1,071 a month, so owning the median home costs about $509 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $48,500 |
|---|---|
| Loan amount | $194,000 |
| Principal and interest | $1,305 |
| Property taxes (0.86% a year) | $174 |
| Homeowners insurance (our estimate, 0.5% a year) | $101 |
| PMI | $0 |
| Total per month | $1,580 |
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| Down payment | $8,488 |
|---|---|
| Loan amount | $238,108 |
| Principal and interest | $1,602 |
| Property taxes (0.86% a year) | $174 |
| Homeowners insurance (our estimate, 0.5% a year) | $101 |
| FHA mortgage insurance | $107 |
| Total per month | $1,984 |
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Questions about home buying in Salisbury
What is the median home value in Salisbury?
About $242,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Salisbury?
Homeowners pay a median $2,082 a year, which is about 0.86% 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 Salisbury?
For the median home with 20% down at 7.11%, the payment is about $1,580 a month. Keeping that under 28% of gross income takes about $67,709 a year.
More about Salisbury
- Mortgage Refinance in Salisbury
- Debt Relief in Salisbury
- Home Equity Loans in Salisbury
- 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