HOA + Wake County property tax + insurance + utilities. The complete number for retirement budget planning.
All-In Monthly Cost
All-in monthly cost — $450K Carolina Commons home
HOA fee$230/mo
Wake Co. property tax (~0.77%)~$289/mo
Homeowners insurance~$100–$130/mo
Utilities (electric, gas, water)~$180–$230/mo
Total monthly carrying cost (excl. mortgage)~$799–$879/mo
NC 65+ property tax reliefNorth Carolina offers an elderly exclusion (AV-9 form) for residents 65+ who meet income limits. File with Wake County Tax Administration each year — qualifying buyers can reduce annual property tax by $300–$800.
Want a Personal Cost Estimate?
We can run your all-in monthly cost at any Carolina Commons price point and compare against other Triangle communities.