How much do you have to work in North Carolina to afford a monthly mortgage?

North Carolinians on average must work 50 hours per month to afford a monthly mortgage payment, according to GOBankingRates.com. On a list that ranked the 50 states plus the District of Columbia, North Carolina came in at No. 33. The research found the median home listing price in North Carolina is $225,900 and the monthly mortgage payment $1,100 with the 30-year fixed mortgage rate at 3.5%. GoBankingRates.com said the main reason North Carolinians have to work 50 hours each month to afford a home…

from Charlotte Business News - Local Charlotte News | Charlotte Business Journal http://www.bizjournals.com/charlotte/news/2016/08/03/how-much-do-you-have-to-work-in-north-carolina-to.html?ana=RSS%26s=article_search