The typical owner-occupied home in Plymouth is worth about $87,000, 70% below the North Carolina median of $288,900 and 74% below the national median of $332,700. Owners pay a median $1,569 a year in property taxes, about 1.80% of their home's value, higher than the North Carolina rate of 0.66%. The median household earns $34,521 a year, so the median home costs 2.5 times the median income (4.0 times for North Carolina). 56% of occupied homes here are lived in by their owners, and 42% of those owners still have a mortgage.
Plymouth at a glance
| Plymouth | North Carolina | U.S. | |
|---|---|---|---|
| Median home value | $87,000 | $288,900 | $332,700 |
| Median property tax paid per year | $1,569 | $1,896 | $3,119 |
| Property tax as a share of value | 1.80% | 0.66% | 0.94% |
| Median household income | $34,521 | $72,388 | $80,734 |
| Homes lived in by their owners | 56% | 67% | 65% |
| Owner homes with a mortgage | 42% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,199 | $1,631 | $1,963 |
| Those costs as a share of the owners' income | 45.4% | 19.4% | 21.0% |
| Median rent | $728 | $1,228 | $1,413 |
| Rent as a share of renters' income | 32.2% | 29.5% | 30.6% |
| Median year homes were built | 1965 | 1991 | 1980 |
| Vacant homes | 28.0% | 12.5% | 10.1% |
| Population | 3,250 | 10,730,404 | 334,922,499 |
What a typical home costs per month in Plymouth
At this week's average 30-year rate of 7.11%, buying the median Plymouth home of $87,000 with 20% down costs about $635 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $780, 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 $27,212 for the 20%-down payment. That payment is 22% of the median Plymouth household income of $34,521; at that income and 20% down, the 28% guideline points to a home of about $110,000.
The median rent here is $728 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $17,400 |
|---|---|
| Loan amount | $69,600 |
| Principal and interest | $468 |
| Property taxes (1.80% a year) | $130 |
| Homeowners insurance (our estimate, 0.5% a year) | $36 |
| PMI | $0 |
| Total per month | $635 |
Change the numbers in the calculator
| Down payment | $3,045 |
|---|---|
| Loan amount | $85,424 |
| Principal and interest | $575 |
| Property taxes (1.80% a year) | $130 |
| Homeowners insurance (our estimate, 0.5% a year) | $36 |
| FHA mortgage insurance | $38 |
| Total per month | $780 |
Change the numbers in the calculator
Questions about home buying in Plymouth
What is the median home value in Plymouth?
About $87,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Plymouth?
Homeowners pay a median $1,569 a year, which is about 1.80% 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 Plymouth?
For the median home with 20% down at 7.11%, the payment is about $635 a month. Keeping that under 28% of gross income takes about $27,212 a year.
More about Plymouth
- Mortgage Refinance in Plymouth
- Debt Relief in Plymouth
- Home Equity Loans in Plymouth
- 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