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Northwoods — True Monthly Cost

HOA + Wake County property tax + insurance + utilities. Real numbers for your budget.

All-In Monthly Cost

All-in monthly cost — $450K Northwoods home

HOA fee$220/mo
Wake Co. property tax (~0.77%)~$289/mo
Homeowners insurance~$100–$130/mo
Utilities~$180–$230/mo
Total monthly carrying cost (excl. mortgage)~$789–$869/mo
Wake County property tax contextNorthwoods is an older Cary 55+ community with a lower price point and HOA than newer builds. For buyers who want Cary's location and healthcare proximity at the lowest entry cost, Northwoods is worth evaluating alongside Kildaire Farms and Regency at Davis Park.

NC residents 65+ who meet income limits can file the AV-9 elderly exclusion with Wake County Tax Administration to reduce their taxable assessed value and lower annual property tax by $300–$800.

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