🏠 Wake County Home Affordability

Start with your monthly budget, work backward to find your target home price

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Your Monthly Housing Budget

Includes mortgage, taxes, insurance, and HOA
Auto-filled with latest average; editable
County + Raleigh rate FY2024-25

How This Works

  • 1. Start with your total monthly housing budget
  • 2. Subtract taxes, insurance, and HOA
  • 3. Solve the mortgage formula backward
  • 4. Show cash needed upfront
💡 Tip: Keep total housing at 30-33% of take-home pay. Use alongside your emergency fund and other debts to decide if the payment feels safe.

Property tax: Wake County FY2024-25 (0.5171 county + 0.3550 Raleigh). Insurance: ~$1,620/year average.

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