The typical owner-occupied home in Turkey is worth about $52,100, 82% below the North Carolina median of $288,900 and 84% below the national median of $332,700. Owners pay a median $562 a year in property taxes, about 1.08% of their home's value, higher than the North Carolina rate of 0.66%. 81% of occupied homes here are lived in by their owners, and 25% of those owners still have a mortgage.
Turkey at a glance
| Turkey | North Carolina | U.S. | |
|---|---|---|---|
| Median home value | $52,100 | $288,900 | $332,700 |
| Median property tax paid per year | $562 | $1,896 | $3,119 |
| Property tax as a share of value | 1.08% | 0.66% | 0.94% |
| Median household income | – | $72,388 | $80,734 |
| Homes lived in by their owners | 81% | 67% | 65% |
| Owner homes with a mortgage | 25% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $857 | $1,631 | $1,963 |
| Those costs as a share of the owners' income | 31.0% | 19.4% | 21.0% |
| Median rent | $847 | $1,228 | $1,413 |
| Rent as a share of renters' income | 14.8% | 29.5% | 30.6% |
| Median year homes were built | 1975 | 1991 | 1980 |
| Vacant homes | 8.5% | 12.5% | 10.1% |
| Population | 391 | 10,730,404 | 334,922,499 |
What a typical home costs per month in Turkey
At this week's average 30-year rate of 7.11%, buying the median Turkey home of $52,100 with 20% down costs about $349 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $436, 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 $14,956 for the 20%-down payment.
The median rent here is $847 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $10,420 |
|---|---|
| Loan amount | $41,680 |
| Principal and interest | $280 |
| Property taxes (1.08% a year) | $47 |
| Homeowners insurance (our estimate, 0.5% a year) | $22 |
| PMI | $0 |
| Total per month | $349 |
Change the numbers in the calculator
| Down payment | $1,824 |
|---|---|
| Loan amount | $51,156 |
| Principal and interest | $344 |
| Property taxes (1.08% a year) | $47 |
| Homeowners insurance (our estimate, 0.5% a year) | $22 |
| FHA mortgage insurance | $23 |
| Total per month | $436 |
Change the numbers in the calculator
Questions about home buying in Turkey
What is the median home value in Turkey?
About $52,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Turkey?
Homeowners pay a median $562 a year, which is about 1.08% 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 Turkey?
For the median home with 20% down at 7.11%, the payment is about $349 a month. Keeping that under 28% of gross income takes about $14,956 a year.
More about Turkey
- Mortgage Refinance in Turkey
- Debt Relief in Turkey
- Home Equity Loans in Turkey
- 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