The typical owner-occupied home in Triangle is worth about $505,300, 32% above the Virginia median of $383,700 and 52% above the national median of $332,700. Owners pay a median $4,840 a year in property taxes, about 0.96% of their home's value, higher than the Virginia rate of 0.73%. The median household earns $109,693 a year, so the median home costs 4.6 times the median income (4.1 times for Virginia). 63% of occupied homes here are lived in by their owners, and 77% of those owners still have a mortgage.
Triangle at a glance
| Triangle | Virginia | U.S. | |
|---|---|---|---|
| Median home value | $505,300 | $383,700 | $332,700 |
| Median property tax paid per year | $4,840 | $2,790 | $3,119 |
| Property tax as a share of value | 0.96% | 0.73% | 0.94% |
| Median household income | $109,693 | $93,170 | $80,734 |
| Homes lived in by their owners | 63% | 67% | 65% |
| Owner homes with a mortgage | 77% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $3,005 | $2,127 | $1,963 |
| Those costs as a share of the owners' income | 23.1% | 20.1% | 21.0% |
| Median rent | $1,554 | $1,579 | $1,413 |
| Rent as a share of renters' income | 31.9% | 29.4% | 30.6% |
| Median year homes were built | 1998 | 1984 | 1980 |
| Vacant homes | 3.8% | 8.7% | 10.1% |
| Population | 10,450 | 8,705,170 | 334,922,499 |
What a typical home costs per month in Triangle
At this week's average 30-year rate of 7.11%, buying the median Triangle home of $505,300 with 20% down costs about $3,334 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,176, 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 $142,891 for the 20%-down payment. That payment is 36% of the median Triangle household income of $109,693; at that income and 20% down, the 28% guideline points to a home of about $388,000.
The median rent here is $1,554 a month, so owning the median home costs about $1,780 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $101,060 |
|---|---|
| Loan amount | $404,240 |
| Principal and interest | $2,719 |
| Property taxes (0.96% a year) | $404 |
| Homeowners insurance (our estimate, 0.5% a year) | $211 |
| PMI | $0 |
| Total per month | $3,334 |
Change the numbers in the calculator
| Down payment | $17,686 |
|---|---|
| Loan amount | $496,148 |
| Principal and interest | $3,338 |
| Property taxes (0.96% a year) | $404 |
| Homeowners insurance (our estimate, 0.5% a year) | $211 |
| FHA mortgage insurance | $223 |
| Total per month | $4,176 |
Change the numbers in the calculator
Questions about home buying in Triangle
What is the median home value in Triangle?
About $505,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Triangle?
Homeowners pay a median $4,840 a year, which is about 0.96% 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 Triangle?
For the median home with 20% down at 7.11%, the payment is about $3,334 a month. Keeping that under 28% of gross income takes about $142,891 a year.
More about Triangle
- Mortgage Refinance in Triangle
- Debt Relief in Triangle
- Home Equity Loans in Triangle
- 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