With housing prices at insane levels all across the Carolinas, home buyers are looking for any way possible to save on their purchase, and closing costs are one of the biggest.
In its seventh annual study, SmartAsset analyzed where closing costs are lowest as a percentage of each county’s median home value.
Out of 100 counties in our state, Mecklenburg County actually ranked among the 10th lowest relative closing costs.
For a look at how the top counties in North Carolina ranked, check out the table below:
| Rank | County, State | Avg. Closing Costs | Median Home Value | Closing Costs as % of Home Value | Closing Costs as % of Home Value – Index |
|---|---|---|---|---|---|
| 1 | Orange, NC | $4,278 | $308,800 | 1.39% | 90.16 |
| 2 | Dare, NC | $4,106 | $289,000 | 1.42% | 89.66 |
| 3 | Chatham, NC | $4,071 | $281,700 | 1.45% | 89.32 |
| 4 | Wake, NC | $4,071 | $281,700 | 1.45% | 89.32 |
| 5 | Currituck, NC | $3,952 | $257,200 | 1.54% | 88.04 |
| 6 | New Hanover, NC | $3,886 | $243,600 | 1.60% | 87.22 |
| 7 | Union, NC | $3,876 | $241,400 | 1.61% | 87.08 |
| 8 | Buncombe, NC | $3,860 | $238,200 | 1.62% | 86.87 |
| 9 | Watauga, NC | $3,859 | $238,000 | 1.62% | 86.85 |
| 10 | Mecklenburg, NC | $3,859 | $238,000 | 1.62% | 86.85 |
The worst ranked counties in our area were Gaston County (ranked #47 with $3,329 CC at 2.31% of median home value) and Cleveland County (ranked #73 with $3,211 CC at 2.67% of median home value).
Additional information on the study, including the full methodology, results and interactive map can be found here.