Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Bertie County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $99,330 | $265,624 | $242,182 |
| Price Trend (Annual %) | 3.1% | 9.9% | 8.2% |
| Median Gross Rent | $824 | $1,162 | $1,342 |
| Rent Trend (Annual %) | 4.0% | 5.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Bertie County is about 63% lower than in North Carolina. Rent is about 29% lower than the North Carolina average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Bertie County, up about 3.1% and 4.0% a year respectively. Rent is changing faster.
Median rent in Bertie County rose about 33.2% between 2015 and 2023, from $618 to $824. Over the same span, rent in North Carolina rose about 45.9%.
Affordability
On average, housing unit costs 2.2 yearly household incomes in Bertie County.
Buying the median-priced home in Bertie County costs roughly 10.1 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Bertie County. The price-to-rent ratio in North Carolina is about 19.1.
| Metric | Bertie County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $99,330 | $265,624 | $242,182 |
| Median Household Income | $46,079 | $69,937 | $78,145 |
| Price-to-Income Ratio | 2.2 | 3.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Bertie County rose about 16.5%, while median household income rose about 63.3% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Bertie County | North Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.2% | 57.7% | 58.2% |
| Rental Rate | 19.9% | 29.2% | 31.3% |
| Vacancy Rate | 21.9% | 13.0% | 10.6% |
| Median Tenure (years) | 22.0 | 15.0 | 15.0 |
| Median Year Moved In | 2004 | 2011 | 2011 |
Bertie County has a homeownership rate of 58.2%, higher than the North Carolina average of 57.7%. Its housing vacancy rate is 21.9%, compared with 13.0% in North Carolina.
Housing Stock
| Metric | Bertie County | North Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.26 people | 2.46 people | 2.54 people |
| Median Structure Built Year | 1980 | 1988 | 1978 |
| Median Number of Rooms | 5.5 | 5.6 | 5.5 |
The typical housing unit in Bertie County was built around 1980. On average, 2.3 people live in a home with about 5.5 rooms, staying for about 22.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Bertie County, North Carolina.
What is the median home price in Bertie County, North Carolina?
The median home price in Bertie County, North Carolina is $99,330, lower than the North Carolina average of $265,624.
What is the average home price in Bertie County, North Carolina?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Bertie County, North Carolina?
The median gross rent in Bertie County, North Carolina is $824 per month, lower than the North Carolina average of $1,162.
What was the median gross rent in Bertie County in 2020?
In 2020, the median gross rent in Bertie County, North Carolina was $719 per month.
What is the price-to-rent ratio in Bertie County, North Carolina?
The price-to-rent ratio in Bertie County, North Carolina is about 10.1, meaning it would take roughly 10.1 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Bertie County.
Are home prices or rent rising faster in Bertie County, North Carolina?
Both home prices and rent are rising in Bertie County, up about 3.1% and 4.0% a year respectively. Rent is changing faster.
What is the homeownership rate in Bertie County, North Carolina?
58.2% of households in Bertie County, North Carolina own their home, higher than the North Carolina average of 57.7%.
What is the vacancy rate in Bertie County, North Carolina?
The housing vacancy rate in Bertie County, North Carolina is 21.9%, higher than the North Carolina average of 13.0%.