Mitchell County, North Carolina home prices
Typical home $236,388 · +3.4% in a year · property tax 0.52%
The typical home in Mitchell County is worth $236,388, 29% less than the North Carolina typical home ($332,159). Values changed +3.4% in the past year and +25.1% over five years. Homeowners here pay a median 0.52% of their home's value in property tax each year ($1,225 on the typical home), versus 0.64% statewide.
Mortgage on the typical Mitchell County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $47,278 | $189,111 | $1,272 | $0 | $220 | $1,492 | $64,000 |
| 10% down | $23,639 | $212,750 | $1,431 | $89 | $220 | $1,740 | $74,600 |
| 5% down | $11,819 | $224,569 | $1,511 | $94 | $220 | $1,825 | $78,200 |
| 3.5% down (FHA) | $8,274 | $232,107 | $1,561 | $105 | $220 | $1,886 | $80,800 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.52% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in North Carolina.
North Carolina counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Beaufort County | $235,091 | +1.6% | 0.67% |
| Nash County | $234,011 | +1.5% | 0.71% |
| Yadkin County | $233,897 | +3.8% | 0.67% |
| Caldwell County | $233,547 | +0.8% | 0.6% |
| Chowan County | $231,388 | +5.0% | 0.71% |
| Surry County | $241,900 | +4.7% | 0.6% |
| Pitt County | $243,595 | +1.1% | 0.83% |
| Cumberland County | $227,993 | +0.4% | 0.93% |
| Person County | $246,547 | +4.6% | 0.62% |
| Graham County | $226,187 | +1.8% | 0.57% |
Frequently asked questions
What is the average home price in Mitchell County, NC?
The typical home value in Mitchell County is $236,388 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Mitchell County?
About $64,000 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Mitchell County?
The median effective rate is 0.52% of home value a year (Census ACS 2024 5-year estimates).