Carteret County, North Carolina Housing Market Prices
Carteret County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 15% above the North Carolina median More expensive than 82% of counties in North Carolina$319,352
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Median rent 10% below the North Carolina median More expensive than 72% of counties in North Carolina$1,107
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Carteret County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $319,352 | $278,288 | $248,835 |
| Price Trend (Annual %) | 11.7% | 9.3% | 7.5% |
| Median Gross Rent | $1,107 | $1,227 | $1,407 |
| Rent Trend (Annual %) | 3.4% | 5.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Carteret County is about 15% higher than in North Carolina. Rent is about 10% lower than the North Carolina average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Carteret County, up about 11.7% and 3.4% a year respectively. Home prices are changing faster.
Median rent in Carteret County rose about 39.6% between 2015 and 2024, from $793 to $1,107. Over the same span, rent in North Carolina rose about 54.2%.
Affordability
On average, housing unit costs 4.5 yearly household incomes in Carteret County.
Buying the median-priced home in Carteret County costs roughly 24.0 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Carteret County. The price-to-rent ratio in North Carolina is about 18.9.
| Metric | Carteret County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $319,352 | $278,288 | $248,835 |
| Median Household Income | $71,708 | $72,438 | $80,455 |
| Price-to-Income Ratio | 4.5 | 3.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Carteret County rose about 79.0%, while median household income rose about 44.5% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Carteret County | North Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 45.8% | 58.3% | 58.5% |
| Rental Rate | 15.5% | 29.2% | 31.2% |
| Vacancy Rate | 38.7% | 12.5% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Carteret County has a homeownership rate of 45.8%, lower than the North Carolina average of 58.3%. Its housing vacancy rate is 38.7%, compared with 12.5% in North Carolina.
Housing Stock
| Metric | Carteret County | North Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.12 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1991 | 1989 | 1978 |
| Median Number of Rooms | 5.4 | 5.6 | 5.5 |
The typical housing unit in Carteret County was built around 1991. On average, 2.1 people live in a home with about 5.4 rooms, staying for about 15.0 years on average.
Carteret County, NC Housing Compared With Nearby Counties
Carteret County, NC is the 2nd largest of the 4 counties compared here, 69,145 residents against a local median of 44,493. Where Carteret County, NC breaks from the counties next to it is median home price, sitting 268% above the local median of $86,818 at $319,352.
Median rent tells the same story from another angle: $1,107 against a local median of $870, 27% above it. The counties themselves sit within $14,820 of each other on median home price, a tighter band than the gap between any of them and Carteret County, NC, which makes it a genuine outlier here rather than one end of a wide local spread. Carteret County, NC has the highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Carteret County, NC | 69,145 | $319,352 #1/4 | $1,107 #2/4 | 74.7% #2/4 |
| Pamlico County, NC | 12,360 | $86,818 | $752 | 82.9% |
| Craven County, NC | 102,613 | $78,096 | $1,110 | 68.4% |
| Beaufort County, NC | 44,493 | $92,916 | $870 | 69.5% |
Frequently Asked Questions
Common questions about the housing market in Carteret County, North Carolina.
What is the median home price in Carteret County, North Carolina?
The median home price in Carteret County, North Carolina is $319,352, higher than the North Carolina average of $278,288.
What is the average home price in Carteret County, North Carolina?
The typical home price in Carteret County, North Carolina, reported as the median sale price, is $319,352. 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 Carteret County, North Carolina?
The median gross rent in Carteret County, North Carolina is $1,107 per month, lower than the North Carolina average of $1,227.
What was the median gross rent in Carteret County in 2020?
In 2020, the median gross rent in Carteret County, North Carolina was $921 per month.
What is the price-to-rent ratio in Carteret County, North Carolina?
The price-to-rent ratio in Carteret County, North Carolina is about 24.0, meaning it would take roughly 24.0 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Carteret County.
Are home prices or rent rising faster in Carteret County, North Carolina?
Both home prices and rent are rising in Carteret County, up about 11.7% and 3.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Carteret County, North Carolina?
45.8% of households in Carteret County, North Carolina own their home, lower than the North Carolina average of 58.3%.
What is the vacancy rate in Carteret County, North Carolina?
The housing vacancy rate in Carteret County, North Carolina is 38.7%, higher than the North Carolina average of 12.5%.
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