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 | Camden County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $275,000 | $265,624 | $242,182 |
| Price Trend (Annual %) | 3.2% | 9.9% | 8.2% |
| Median Gross Rent | $1,219 | $1,162 | $1,342 |
| Rent Trend (Annual %) | 1.3% | 5.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Camden County is about 4% higher than in North Carolina. Rent is about 5% 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 Camden County, up about 3.2% and 1.3% a year respectively. Home prices are changing faster.
Median rent in Camden County rose about 3.0% between 2015 and 2023, from $1,183 to $1,219. Over the same span, rent in North Carolina rose about 45.9%.
Affordability
On average, housing unit costs 3.2 yearly household incomes in Camden County.
Buying the median-priced home in Camden County costs roughly 18.8 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 Camden County. The price-to-rent ratio in North Carolina is about 19.1.
| Metric | Camden County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $275,000 | $265,624 | $242,182 |
| Median Household Income | $86,422 | $69,937 | $78,145 |
| Price-to-Income Ratio | 3.2 | 3.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Camden County rose about 22.4%, while median household income rose about 50.1% 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 | Camden County | North Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 78.3% | 57.7% | 58.2% |
| Rental Rate | 15.2% | 29.2% | 31.3% |
| Vacancy Rate | 6.6% | 13.0% | 10.6% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Camden County has a homeownership rate of 78.3%, higher than the North Carolina average of 57.7%. Its housing vacancy rate is 6.6%, compared with 13.0% in North Carolina.
Housing Stock
| Metric | Camden County | North Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.72 people | 2.46 people | 2.54 people |
| Median Structure Built Year | 1984 | 1988 | 1978 |
| Median Number of Rooms | 6.4 | 5.6 | 5.5 |
The typical housing unit in Camden County was built around 1984. On average, 2.7 people live in a home with about 6.4 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Camden County, North Carolina.
What is the median home price in Camden County, North Carolina?
The median home price in Camden County, North Carolina is $275,000, higher than the North Carolina average of $265,624.
What is the average home price in Camden 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 Camden County, North Carolina?
The median gross rent in Camden County, North Carolina is $1,219 per month, higher than the North Carolina average of $1,162.
What was the median gross rent in Camden County in 2020?
In 2020, the median gross rent in Camden County, North Carolina was $941 per month.
What is the price-to-rent ratio in Camden County, North Carolina?
The price-to-rent ratio in Camden County, North Carolina is about 18.8, meaning it would take roughly 18.8 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 Camden County.
Are home prices or rent rising faster in Camden County, North Carolina?
Both home prices and rent are rising in Camden County, up about 3.2% and 1.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Camden County, North Carolina?
78.3% of households in Camden County, North Carolina own their home, higher than the North Carolina average of 57.7%.
What is the vacancy rate in Camden County, North Carolina?
The housing vacancy rate in Camden County, North Carolina is 6.6%, lower than the North Carolina average of 13.0%.