The typical owner-occupied home in Yancey County is worth about $243,100, 16% below the North Carolina median of $288,900 and 27% below the national median of $332,700. Owners pay a median $1,157 a year in property taxes, about 0.48% of their home's value, lower than the North Carolina rate of 0.66%. The median household earns $58,709 a year, so the median home costs 4.1 times the median income (4.0 times for North Carolina). 79% of occupied homes here are lived in by their owners, and 47% of those owners still have a mortgage.
Yancey County at a glance
| Yancey County | North Carolina | U.S. | |
|---|---|---|---|
| Median home value | $243,100 | $288,900 | $332,700 |
| Median property tax paid per year | $1,157 | $1,896 | $3,119 |
| Property tax as a share of value | 0.48% | 0.66% | 0.94% |
| Median household income | $58,709 | $72,388 | $80,734 |
| Homes lived in by their owners | 79% | 67% | 65% |
| Owner homes with a mortgage | 47% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,378 | $1,631 | $1,963 |
| Those costs as a share of the owners' income | 21.8% | 19.4% | 21.0% |
| Median rent | $882 | $1,228 | $1,413 |
| Rent as a share of renters' income | 28.4% | 29.5% | 30.6% |
| Median year homes were built | 1988 | 1991 | 1980 |
| Vacant homes | 28.5% | 12.5% | 10.1% |
| Population | 18,797 | 10,730,404 | 334,922,499 |
What a typical home costs per month in Yancey County
At this week's average 30-year rate of 7.11%, buying the median Yancey County home of $243,100 with 20% down costs about $1,507 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,912, 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 $64,578 for the 20%-down payment. That payment is 31% of the median Yancey County household income of $58,709; at that income and 20% down, the 28% guideline points to a home of about $221,000.
The median rent here is $882 a month, so owning the median home costs about $625 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $48,620 |
|---|---|
| Loan amount | $194,480 |
| Principal and interest | $1,308 |
| Property taxes (0.48% a year) | $97 |
| Homeowners insurance (our estimate, 0.5% a year) | $101 |
| PMI | $0 |
| Total per month | $1,507 |
Change the numbers in the calculator
| Down payment | $8,508 |
|---|---|
| Loan amount | $238,697 |
| Principal and interest | $1,606 |
| Property taxes (0.48% a year) | $97 |
| Homeowners insurance (our estimate, 0.5% a year) | $101 |
| FHA mortgage insurance | $108 |
| Total per month | $1,912 |
Change the numbers in the calculator
Questions about home buying in Yancey County
What is the median home value in Yancey County?
About $243,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Yancey County?
Homeowners pay a median $1,157 a year, which is about 0.48% 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 Yancey County?
For the median home with 20% down at 7.11%, the payment is about $1,507 a month. Keeping that under 28% of gross income takes about $64,578 a year.
More about Yancey County
- Mortgage Refinance in Yancey County
- Debt Relief in Yancey County
- Home Equity Loans in Yancey County
- 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