The typical owner-occupied home in Lucama is worth about $115,500, 60% below the North Carolina median of $288,900 and 65% below the national median of $332,700. Owners pay a median $1,240 a year in property taxes, about 1.07% of their home's value, higher than the North Carolina rate of 0.66%. The median household earns $54,583 a year, so the median home costs 2.1 times the median income (4.0 times for North Carolina). 52% of occupied homes here are lived in by their owners, and 64% of those owners still have a mortgage.
Lucama at a glance
| Lucama | North Carolina | U.S. | |
|---|---|---|---|
| Median home value | $115,500 | $288,900 | $332,700 |
| Median property tax paid per year | $1,240 | $1,896 | $3,119 |
| Property tax as a share of value | 1.07% | 0.66% | 0.94% |
| Median household income | $54,583 | $72,388 | $80,734 |
| Homes lived in by their owners | 52% | 67% | 65% |
| Owner homes with a mortgage | 64% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,273 | $1,631 | $1,963 |
| Those costs as a share of the owners' income | 28.8% | 19.4% | 21.0% |
| Median rent | $980 | $1,228 | $1,413 |
| Rent as a share of renters' income | 22.9% | 29.5% | 30.6% |
| Median year homes were built | 1975 | 1991 | 1980 |
| Vacant homes | 10.0% | 12.5% | 10.1% |
| Population | 1,205 | 10,730,404 | 334,922,499 |
What a typical home costs per month in Lucama
At this week's average 30-year rate of 7.11%, buying the median Lucama home of $115,500 with 20% down costs about $773 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $965, 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 $33,115 for the 20%-down payment. That payment is 17% of the median Lucama household income of $54,583; at that income and 20% down, the 28% guideline points to a home of about $190,000.
The median rent here is $980 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $23,100 |
|---|---|
| Loan amount | $92,400 |
| Principal and interest | $622 |
| Property taxes (1.07% a year) | $103 |
| Homeowners insurance (our estimate, 0.5% a year) | $48 |
| PMI | $0 |
| Total per month | $773 |
Change the numbers in the calculator
| Down payment | $4,042 |
|---|---|
| Loan amount | $113,408 |
| Principal and interest | $763 |
| Property taxes (1.07% a year) | $103 |
| Homeowners insurance (our estimate, 0.5% a year) | $48 |
| FHA mortgage insurance | $51 |
| Total per month | $965 |
Change the numbers in the calculator
Questions about home buying in Lucama
What is the median home value in Lucama?
About $115,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Lucama?
Homeowners pay a median $1,240 a year, which is about 1.07% 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 Lucama?
For the median home with 20% down at 7.11%, the payment is about $773 a month. Keeping that under 28% of gross income takes about $33,115 a year.
More about Lucama
- Mortgage Refinance in Lucama
- Debt Relief in Lucama
- Home Equity Loans in Lucama
- 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