Yancey County, NC real estate

What the numbers say

Yancey County, NC real estate at a glance

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

Homeowners in Yancey County pay a median of $1,157 a year in property taxes on a median home value of $243,100, an effective rate of about 0.48%. The North Carolina average is 0.66%, which makes Yancey County the #11 lowest-tax of 100 counties in the state with published tax data.

Renters pay a median of $882 a month, and $915 for a two-bedroom. At today's prices a typical home costs about 23 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 $243,000 home here comes to about $1,523 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 $58,709).