The typical owner-occupied home in Laurel Hill is worth about $56,700, 80% below the North Carolina median of $288,900 and 83% below the national median of $332,700. Owners pay a median $706 a year in property taxes, about 1.25% of their home's value, higher than the North Carolina rate of 0.66%. The median household earns $30,893 a year, so the median home costs 1.8 times the median income (4.0 times for North Carolina). 70% of occupied homes here are lived in by their owners, and 32% of those owners still have a mortgage.
Laurel Hill at a glance
| Laurel Hill | North Carolina | U.S. | |
|---|---|---|---|
| Median home value | $56,700 | $288,900 | $332,700 |
| Median property tax paid per year | $706 | $1,896 | $3,119 |
| Property tax as a share of value | 1.25% | 0.66% | 0.94% |
| Median household income | $30,893 | $72,388 | $80,734 |
| Homes lived in by their owners | 70% | 67% | 65% |
| Owner homes with a mortgage | 32% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,199 | $1,631 | $1,963 |
| Those costs as a share of the owners' income | 51.0% | 19.4% | 21.0% |
| Median rent | $798 | $1,228 | $1,413 |
| Rent as a share of renters' income | 51.0% | 29.5% | 30.6% |
| Median year homes were built | 1974 | 1991 | 1980 |
| Vacant homes | 24.7% | 12.5% | 10.1% |
| Population | 986 | 10,730,404 | 334,922,499 |
What a typical home costs per month in Laurel Hill
At this week's average 30-year rate of 7.11%, buying the median Laurel Hill home of $56,700 with 20% down costs about $388 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $482, 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 $16,621 for the 20%-down payment. That payment is 15% of the median Laurel Hill household income of $30,893; at that income and 20% down, the 28% guideline points to a home of about $105,000.
The median rent here is $798 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $11,340 |
|---|---|
| Loan amount | $45,360 |
| Principal and interest | $305 |
| Property taxes (1.25% a year) | $59 |
| Homeowners insurance (our estimate, 0.5% a year) | $24 |
| PMI | $0 |
| Total per month | $388 |
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| Down payment | $1,984 |
|---|---|
| Loan amount | $55,673 |
| Principal and interest | $375 |
| Property taxes (1.25% a year) | $59 |
| Homeowners insurance (our estimate, 0.5% a year) | $24 |
| FHA mortgage insurance | $25 |
| Total per month | $482 |
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Questions about home buying in Laurel Hill
What is the median home value in Laurel Hill?
About $56,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Laurel Hill?
Homeowners pay a median $706 a year, which is about 1.25% 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 Laurel Hill?
For the median home with 20% down at 7.11%, the payment is about $388 a month. Keeping that under 28% of gross income takes about $16,621 a year.
More about Laurel Hill
- Mortgage Refinance in Laurel Hill
- Debt Relief in Laurel Hill
- Home Equity Loans in Laurel Hill
- 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