Mortgage payment estimates, closing cost breakdowns, and homebuying data for Lumberton, North Carolina.
Median Home Price
$155K
Population
20K
Avg Monthly Rent
$820
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 Lumberton.
Lumberton vs North Carolina Median
The median home price in Lumberton is $155,000, which is 54% below the North Carolina state median of $340,000.
Mortgage Calculator — Lumberton, NC
Pre-filled with Lumberton median home price and North Carolina tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $155K home using North Carolina's 0.78% tax rate and $2,300/yr insurance.
5% Down
$1,309/mo
Down: $7,750
Loan: $147K
P&I: $931
Tax: $101
Insurance: $192
PMI: $86
10% Down
$1,256/mo
Down: $15,500
Loan: $140K
P&I: $882
Tax: $101
Insurance: $192
PMI: $81
20% Down (No PMI)
$1,076/mo
Down: $31,000
Loan: $124K
P&I: $784
Tax: $101
Insurance: $192
Income needed (28% rule): $46K/year with 20% down, $54K/year with 10% down.
Rent vs Buy in Lumberton
Rent
$820/mo
vs
Buy (10% down)
$1,256/mo
Price-to-rent ratio: 15.8 — A ratio between 15-20 means the rent vs buy decision in Lumberton 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 Lumberton is $155,000, 54% below the North Carolina state median of $340,000. With a population of 20,413, Lumberton is a smaller market 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 $155,000 home in Lumberton would carry roughly $101/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 Lumberton is $820/month. The price-to-rent ratio in Lumberton is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Lumberton 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 Lumberton.