The typical owner-occupied home in Creswell is worth about $117,500, 59% below the North Carolina median of $288,900 and 65% below the national median of $332,700. Owners pay a median $1,278 a year in property taxes, about 1.09% of their home's value, higher than the North Carolina rate of 0.66%. The median household earns $33,594 a year, so the median home costs 3.5 times the median income (4.0 times for North Carolina). 37% of occupied homes here are lived in by their owners, and 46% of those owners still have a mortgage.
Creswell at a glance
| Creswell | North Carolina | U.S. | |
|---|---|---|---|
| Median home value | $117,500 | $288,900 | $332,700 |
| Median property tax paid per year | $1,278 | $1,896 | $3,119 |
| Property tax as a share of value | 1.09% | 0.66% | 0.94% |
| Median household income | $33,594 | $72,388 | $80,734 |
| Homes lived in by their owners | 37% | 67% | 65% |
| Owner homes with a mortgage | 46% | 61% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,631 | $1,963 |
| Those costs as a share of the owners' income | 37.5% | 19.4% | 21.0% |
| Median rent | – | $1,228 | $1,413 |
| Rent as a share of renters' income | 51.0% | 29.5% | 30.6% |
| Median year homes were built | 1957 | 1991 | 1980 |
| Vacant homes | 18.1% | 12.5% | 10.1% |
| Population | 217 | 10,730,404 | 334,922,499 |
What a typical home costs per month in Creswell
At this week's average 30-year rate of 7.11%, buying the median Creswell home of $117,500 with 20% down costs about $788 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $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 $33,773 for the 20%-down payment. That payment is 28% of the median Creswell household income of $33,594; at that income and 20% down, the 28% guideline points to a home of about $117,000.
| Down payment | $23,500 |
|---|---|
| Loan amount | $94,000 |
| Principal and interest | $632 |
| Property taxes (1.09% a year) | $107 |
| Homeowners insurance (our estimate, 0.5% a year) | $49 |
| PMI | $0 |
| Total per month | $788 |
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| Down payment | $4,112 |
|---|---|
| Loan amount | $115,372 |
| Principal and interest | $776 |
| Property taxes (1.09% a year) | $107 |
| Homeowners insurance (our estimate, 0.5% a year) | $49 |
| FHA mortgage insurance | $52 |
| Total per month | $984 |
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Questions about home buying in Creswell
What is the median home value in Creswell?
About $117,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Creswell?
Homeowners pay a median $1,278 a year, which is about 1.09% 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 Creswell?
For the median home with 20% down at 7.11%, the payment is about $788 a month. Keeping that under 28% of gross income takes about $33,773 a year.
More about Creswell
- Mortgage Refinance in Creswell
- Debt Relief in Creswell
- Home Equity Loans in Creswell
- 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