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Tar Heel

Learn about the people, housing, costs and businesses in Tar Heel, North Carolina

Median Home$117,900
Median Rent$919/month
Population86
Leading IndustriesInformation & Media · Finance & Insurance · Professional Services15% information & media
Home Value Growth⬆⬆+19.5% over 2 years
Retirees22% of residentsnear the national average
Homeowners80% of occupied units
Tar Heel
NC

Frequently Asked Questions

What are today's mortgage rates in Tar Heel?

As of today, the 30-year fixed mortgage rate for Tar Heel is approximately 7.056% (7.097% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Tar Heel?

The median home value in Tar Heel is $118k. The median monthly rent is $919. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Tar Heel?

Home values in Tar Heel have increased 19.5% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Tar Heel?

Based on a typical all-in ownership cost of $696/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $30k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Tar Heel is $69k/year.

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What industries drive the economy in Tar Heel?

The largest employment sectors in Tar Heel are public administration (22%) and information and media (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.