Mortgage payment estimates, closing cost breakdowns, and homebuying data for Cary, North Carolina.
Pre-filled with Cary median home price and North Carolina tax/insurance rates. Adjust for your property.
Estimated closing costs based on North Carolina rates and fees applied to Cary prices.
The median home price in Cary is $495,000, 46% above the North Carolina state median of $340,000. With a population of 174,721, Cary is a mid-size city where home prices reflect strong demand and local economic factors.
Property taxes in North Carolina average 0.78% annually. This moderate property tax rate means a $495,000 home in Cary would carry roughly $322/month in property taxes. Homeowners insurance in North Carolina runs approximately $2,300 per year. This is within the normal range nationally.
Average rent in Cary is $1,750/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Cary is a higher-cost market. At $495K median, buyers need significant savings or strong income. Down payment assistance through North Carolina's NC Home Advantage Mortgage program becomes especially important.