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 | Brunswick County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $270,281 | $265,624 | $242,182 |
| Price Trend (Annual %) | 7.4% | 9.9% | 8.2% |
| Median Gross Rent | $1,267 | $1,162 | $1,342 |
| Rent Trend (Annual %) | 5.7% | 5.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Brunswick County is about 2% higher than in North Carolina. Rent is about 9% higher 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 Brunswick County, up about 7.4% and 5.7% a year respectively. Home prices are changing faster.
Median rent in Brunswick County rose about 49.9% between 2015 and 2023, from $845 to $1,267. Over the same span, rent in North Carolina rose about 45.9%.
Affordability
On average, housing unit costs 3.6 yearly household incomes in Brunswick County.
Buying the median-priced home in Brunswick County costs roughly 17.8 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Brunswick County. The price-to-rent ratio in North Carolina is about 19.1.
| Metric | Brunswick County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $270,281 | $265,624 | $242,182 |
| Median Household Income | $74,090 | $69,937 | $78,145 |
| Price-to-Income Ratio | 3.6 | 3.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Brunswick County rose about 52.0%, while median household income rose about 67.5% 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 | Brunswick County | North Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 57.5% | 57.7% | 58.2% |
| Rental Rate | 11.1% | 29.2% | 31.3% |
| Vacancy Rate | 31.4% | 13.0% | 10.6% |
| Median Tenure (years) | 13.0 | 15.0 | 15.0 |
| Median Year Moved In | 2013 | 2011 | 2011 |
Brunswick County has a homeownership rate of 57.5%, about the same as the North Carolina average of 57.7%. Its housing vacancy rate is 31.4%, compared with 13.0% in North Carolina.
Housing Stock
| Metric | Brunswick County | North Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.25 people | 2.46 people | 2.54 people |
| Median Structure Built Year | 1994 | 1988 | 1978 |
| Median Number of Rooms | 5.4 | 5.6 | 5.5 |
The typical housing unit in Brunswick County was built around 1994. On average, 2.2 people live in a home with about 5.4 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Brunswick County, North Carolina.
What is the median home price in Brunswick County, North Carolina?
The median home price in Brunswick County, North Carolina is $270,281, higher than the North Carolina average of $265,624.
What is the average home price in Brunswick 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 Brunswick County, North Carolina?
The median gross rent in Brunswick County, North Carolina is $1,267 per month, higher than the North Carolina average of $1,162.
What was the median gross rent in Brunswick County in 2020?
In 2020, the median gross rent in Brunswick County, North Carolina was $983 per month.
What is the price-to-rent ratio in Brunswick County, North Carolina?
The price-to-rent ratio in Brunswick County, North Carolina is about 17.8, meaning it would take roughly 17.8 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Brunswick County.
Are home prices or rent rising faster in Brunswick County, North Carolina?
Both home prices and rent are rising in Brunswick County, up about 7.4% and 5.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Brunswick County, North Carolina?
57.5% of households in Brunswick County, North Carolina own their home, about the same as the North Carolina average.
What is the vacancy rate in Brunswick County, North Carolina?
The housing vacancy rate in Brunswick County, North Carolina is 31.4%, higher than the North Carolina average of 13.0%.