The typical owner-occupied home in Gibson is worth about $80,800, 72% below the North Carolina median of $288,900 and 76% below the national median of $332,700. Owners pay a median $1,019 a year in property taxes, about 1.26% of their home's value, higher than the North Carolina rate of 0.66%. The median household earns $25,000 a year, so the median home costs 3.2 times the median income (4.0 times for North Carolina). 33% of occupied homes here are lived in by their owners, and 20% of those owners still have a mortgage.
Gibson at a glance
| Gibson | North Carolina | U.S. | |
|---|---|---|---|
| Median home value | $80,800 | $288,900 | $332,700 |
| Median property tax paid per year | $1,019 | $1,896 | $3,119 |
| Property tax as a share of value | 1.26% | 0.66% | 0.94% |
| Median household income | $25,000 | $72,388 | $80,734 |
| Homes lived in by their owners | 33% | 67% | 65% |
| Owner homes with a mortgage | 20% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,088 | $1,631 | $1,963 |
| Those costs as a share of the owners' income | 12.3% | 19.4% | 21.0% |
| Median rent | $748 | $1,228 | $1,413 |
| Rent as a share of renters' income | 33.3% | 29.5% | 30.6% |
| Median year homes were built | 1981 | 1991 | 1980 |
| Vacant homes | 6.1% | 12.5% | 10.1% |
| Population | 745 | 10,730,404 | 334,922,499 |
What a typical home costs per month in Gibson
At this week's average 30-year rate of 7.11%, buying the median Gibson home of $80,800 with 20% down costs about $553 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $688, 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 $23,715 for the 20%-down payment. That payment is 27% of the median Gibson household income of $25,000; at that income and 20% down, the 28% guideline points to a home of about $85,000.
The median rent here is $748 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $16,160 |
|---|---|
| Loan amount | $64,640 |
| Principal and interest | $435 |
| Property taxes (1.26% a year) | $85 |
| Homeowners insurance (our estimate, 0.5% a year) | $34 |
| PMI | $0 |
| Total per month | $553 |
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| Down payment | $2,828 |
|---|---|
| Loan amount | $79,337 |
| Principal and interest | $534 |
| Property taxes (1.26% a year) | $85 |
| Homeowners insurance (our estimate, 0.5% a year) | $34 |
| FHA mortgage insurance | $36 |
| Total per month | $688 |
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Questions about home buying in Gibson
What is the median home value in Gibson?
About $80,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Gibson?
Homeowners pay a median $1,019 a year, which is about 1.26% 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 Gibson?
For the median home with 20% down at 7.11%, the payment is about $553 a month. Keeping that under 28% of gross income takes about $23,715 a year.
More about Gibson
- Mortgage Refinance in Gibson
- Debt Relief in Gibson
- Home Equity Loans in Gibson
- 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