Honeycutt Farm (55+ Section) — True Monthly Cost

HOA + Wake County property tax + insurance + utilities. The complete number for your budget.

All-In Monthly Cost

All-in monthly cost — $550K Honeycutt Farm (55+ Section) home

HOA fee$151/mo

Wake Co. property tax (~0.77%)~$353/mo

Homeowners insurance~$100–$130/mo

Utilities (electric, gas, water)~$180–$230/mo

Total monthly carrying cost (excl. mortgage)~$784–$864/mo

Wake County property tax contextWake County tax rate ~0.77% applies. The combined HOA of ~$151/month ($79 + $72) is the lowest of any comparably priced Wake County 55+ option. The trade-off is that Honeycutt Farm is a mixed-age master plan — the 55+ designation applies only to the Homestead section.

For NC residents 65+ who meet income limits, the elderly exclusion (AV-9 form) can reduce taxable assessed value and lower the annual tax bill by $300–$800. File with Wake County Tax Administration each year to claim.

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