The typical owner-occupied home in Laurinburg is worth about $134,200, 54% below the North Carolina median of $288,900 and 60% below the national median of $332,700. Owners pay a median $1,396 a year in property taxes, about 1.04% of their home's value, higher than the North Carolina rate of 0.66%. The median household earns $42,170 a year, so the median home costs 3.2 times the median income (4.0 times for North Carolina). 47% of occupied homes here are lived in by their owners, and 54% of those owners still have a mortgage.
Laurinburg at a glance
| Laurinburg | North Carolina | U.S. | |
|---|---|---|---|
| Median home value | $134,200 | $288,900 | $332,700 |
| Median property tax paid per year | $1,396 | $1,896 | $3,119 |
| Property tax as a share of value | 1.04% | 0.66% | 0.94% |
| Median household income | $42,170 | $72,388 | $80,734 |
| Homes lived in by their owners | 47% | 67% | 65% |
| Owner homes with a mortgage | 54% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,267 | $1,631 | $1,963 |
| Those costs as a share of the owners' income | 20.2% | 19.4% | 21.0% |
| Median rent | $774 | $1,228 | $1,413 |
| Rent as a share of renters' income | 32.6% | 29.5% | 30.6% |
| Median year homes were built | 1975 | 1991 | 1980 |
| Vacant homes | 12.0% | 12.5% | 10.1% |
| Population | 15,087 | 10,730,404 | 334,922,499 |
What a typical home costs per month in Laurinburg
At this week's average 30-year rate of 7.11%, buying the median Laurinburg home of $134,200 with 20% down costs about $894 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,118, 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 $38,333 for the 20%-down payment. That payment is 25% of the median Laurinburg household income of $42,170; at that income and 20% down, the 28% guideline points to a home of about $148,000.
The median rent here is $774 a month, so owning the median home costs about $120 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $26,840 |
|---|---|
| Loan amount | $107,360 |
| Principal and interest | $722 |
| Property taxes (1.04% a year) | $116 |
| Homeowners insurance (our estimate, 0.5% a year) | $56 |
| PMI | $0 |
| Total per month | $894 |
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| Down payment | $4,697 |
|---|---|
| Loan amount | $131,769 |
| Principal and interest | $886 |
| Property taxes (1.04% a year) | $116 |
| Homeowners insurance (our estimate, 0.5% a year) | $56 |
| FHA mortgage insurance | $59 |
| Total per month | $1,118 |
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Questions about home buying in Laurinburg
What is the median home value in Laurinburg?
About $134,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Laurinburg?
Homeowners pay a median $1,396 a year, which is about 1.04% 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 Laurinburg?
For the median home with 20% down at 7.11%, the payment is about $894 a month. Keeping that under 28% of gross income takes about $38,333 a year.
More about Laurinburg
- Mortgage Refinance in Laurinburg
- Debt Relief in Laurinburg
- Home Equity Loans in Laurinburg
- 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