Balsam, NC — income, home value, property tax, and sales tax.
Homes in the Balsam area near ZIP 28741 carry a median value of $631,000, and the county's 0.43% effective property tax rate works out to roughly $2,713 a year on such a house. With median household income at $70,392, that tax bill equals about 3.9% of a typical household's annual earnings, while per-capita income sits higher at $77,146. Combined with a 6.75% sales tax, the cost of living here leans heavily on real estate wealth rather than wages, so buyers relying on local salaries alone may find the gap between home prices and earned income the biggest hurdle.
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