Mortgage Calculator & Closing Costs: High Point, NC
Mortgage payment estimates, closing cost breakdowns, and homebuying data for High Point, North Carolina.
Median Home Price
$235K
Population
113K
Avg Monthly Rent
$1,080
Property Tax Rate
0.78% *
* Property tax shown is the North Carolina state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in High Point.
High Point vs North Carolina Median
The median home price in High Point is $235,000, which is 31% below the North Carolina state median of $340,000.
Mortgage Calculator — High Point, NC
Pre-filled with High Point median home price and North Carolina tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $235K home using North Carolina's 0.78% tax rate and $2,300/yr insurance.
5% Down
$1,886/mo
Down: $11,750
Loan: $223K
P&I: $1,411
Tax: $153
Insurance: $192
PMI: $130
10% Down
$1,805/mo
Down: $23,500
Loan: $212K
P&I: $1,337
Tax: $153
Insurance: $192
PMI: $123
20% Down (No PMI)
$1,533/mo
Down: $47,000
Loan: $188K
P&I: $1,188
Tax: $153
Insurance: $192
Income needed (28% rule): $66K/year with 20% down, $77K/year with 10% down.
Rent vs Buy in High Point
Rent
$1,080/mo
vs
Buy (10% down)
$1,805/mo
Price-to-rent ratio: 18.1 — A ratio between 15-20 means the rent vs buy decision in High Point depends heavily on your timeline. If you plan to stay 5+ years, buying likely wins. For shorter stays, renting preserves flexibility.
The median home price in High Point is $235,000, 31% below the North Carolina state median of $340,000. With a population of 112,791, High Point is a mid-size city where home prices tend to be more accessible than in many parts of North Carolina.
Property taxes in North Carolina average 0.78% annually. This moderate property tax rate means a $235,000 home in High Point would carry roughly $153/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 High Point is $1,080/month. The price-to-rent ratio in High Point is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
High Point offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with North Carolina's NC Home Advantage Mortgage program.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in High Point.