Chowan County, NC real estate

What the numbers say

Chowan County, NC real estate at a glance

By AstroCore · Realtor.com, US Census and Freddie Mac data

Homeowners in Chowan County pay a median of $1,677 a year in property taxes on a median home value of $235,800, an effective rate of about 0.71%. The North Carolina average is 0.66%, which makes Chowan County the #67 lowest-tax of 100 counties in the state with published tax data.

Renters pay a median of $681 a month. At today's prices a typical home costs about 29 times a year's rent, which generally favors renting over buying in the short term.

With 20% down and today's 7.24% average 30-year rate, the monthly payment on a $236,000 home here comes to about $1,524 including property tax and insurance. Lenders typically want that to be under 28% of income, which works out to roughly $65,000 a year (the median household here earns $53,864).