The typical owner-occupied home in Boonville is worth about $165,400, 43% below the North Carolina median of $288,900 and 50% below the national median of $332,700. Owners pay a median $1,662 a year in property taxes, about 1.00% of their home's value, higher than the North Carolina rate of 0.66%. The median household earns $68,145 a year, so the median home costs 2.4 times the median income (4.0 times for North Carolina). 66% of occupied homes here are lived in by their owners, and 64% of those owners still have a mortgage.
Boonville at a glance
| Boonville | North Carolina | U.S. | |
|---|---|---|---|
| Median home value | $165,400 | $288,900 | $332,700 |
| Median property tax paid per year | $1,662 | $1,896 | $3,119 |
| Property tax as a share of value | 1.00% | 0.66% | 0.94% |
| Median household income | $68,145 | $72,388 | $80,734 |
| Homes lived in by their owners | 66% | 67% | 65% |
| Owner homes with a mortgage | 64% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,133 | $1,631 | $1,963 |
| Those costs as a share of the owners' income | 17.4% | 19.4% | 21.0% |
| Median rent | $837 | $1,228 | $1,413 |
| Rent as a share of renters' income | 31.0% | 29.5% | 30.6% |
| Median year homes were built | 1978 | 1991 | 1980 |
| Vacant homes | 13.9% | 12.5% | 10.1% |
| Population | 1,593 | 10,730,404 | 334,922,499 |
What a typical home costs per month in Boonville
At this week's average 30-year rate of 7.11%, buying the median Boonville home of $165,400 with 20% down costs about $1,097 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,372, 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 $47,009 for the 20%-down payment. That payment is 19% of the median Boonville household income of $68,145; at that income and 20% down, the 28% guideline points to a home of about $240,000.
The median rent here is $837 a month, so owning the median home costs about $260 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $33,080 |
|---|---|
| Loan amount | $132,320 |
| Principal and interest | $890 |
| Property taxes (1.00% a year) | $138 |
| Homeowners insurance (our estimate, 0.5% a year) | $69 |
| PMI | $0 |
| Total per month | $1,097 |
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| Down payment | $5,789 |
|---|---|
| Loan amount | $162,404 |
| Principal and interest | $1,092 |
| Property taxes (1.00% a year) | $138 |
| Homeowners insurance (our estimate, 0.5% a year) | $69 |
| FHA mortgage insurance | $73 |
| Total per month | $1,372 |
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Questions about home buying in Boonville
What is the median home value in Boonville?
About $165,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Boonville?
Homeowners pay a median $1,662 a year, which is about 1.00% 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 Boonville?
For the median home with 20% down at 7.11%, the payment is about $1,097 a month. Keeping that under 28% of gross income takes about $47,009 a year.
More about Boonville
- Mortgage Refinance in Boonville
- Debt Relief in Boonville
- Home Equity Loans in Boonville
- 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