Craven County, North Carolina Housing Market Prices
Craven 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.
-
Median home price 72% below the North Carolina median Cheaper than 94% of counties in North Carolina$78,096
-
Median rent 10% below the North Carolina median More expensive than 73% of counties in North Carolina$1,110
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Craven County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $78,096 | $278,288 | $248,835 |
| Price Trend (Annual %) | -7.5% | 9.3% | 7.5% |
| Median Gross Rent | $1,110 | $1,227 | $1,407 |
| Rent Trend (Annual %) | 3.2% | 5.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Craven County is about 72% lower 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
Home prices and rent are moving in opposite directions in Craven County: home prices fell about 7.5% a year while rent rose about 3.2% a year. That is an unusual pattern worth watching.
Median rent in Craven County rose about 24.3% between 2015 and 2024, from $893 to $1,110. Over the same span, rent in North Carolina rose about 54.2%.
Affordability
On average, housing unit costs 1.2 yearly household incomes in Craven County.
Buying the median-priced home in Craven County costs roughly 5.9 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 Craven County. The price-to-rent ratio in North Carolina is about 18.9.
| Metric | Craven County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $78,096 | $278,288 | $248,835 |
| Median Household Income | $65,003 | $72,438 | $80,455 |
| Price-to-Income Ratio | 1.2 | 3.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Craven County fell about 47.7%, while median household income rose about 40.3% between 2009 and 2025 — 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 | Craven County | North Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.5% | 58.3% | 58.5% |
| Rental Rate | 27.9% | 29.2% | 31.2% |
| Vacancy Rate | 11.7% | 12.5% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Craven County has a homeownership rate of 60.5%, higher than the North Carolina average of 58.3%. Its housing vacancy rate is 11.7%, compared with 12.5% in North Carolina.
Housing Stock
| Metric | Craven County | North Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.29 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1988 | 1989 | 1978 |
| Median Number of Rooms | 5.7 | 5.6 | 5.5 |
The typical housing unit in Craven County was built around 1988. On average, 2.3 people live in a home with about 5.7 rooms, staying for about 15.0 years on average.
Craven County, NC Housing Compared With Nearby Counties
Craven County, NC is typical in size for this group, 102,613 residents against a local median of 110,843, so the measures below are close to a like for like comparison. Craven County, NC's median home price, at $78,096, runs 54% below the $171,249 typical of the counties around it.
Median rent tells the same story from another angle: $1,110 against a local median of $931, 19% above it. The counties themselves spread $240,420 on median home price, so Craven County, NC sits at one end of an already wide local range rather than apart from it. Craven County, NC has the 5th highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Craven County, NC | 102,613 | $78,096 #5/5 | $1,110 #2/5 | 68.4% #3/5 |
| Pamlico County, NC | 12,360 | $86,818 | $752 | 82.9% |
| Beaufort County, NC | 44,493 | $92,916 | $870 | 69.5% |
| Onslow County, NC | 207,702 | $327,237 | $1,265 | 63.7% |
| Pitt County, NC | 177,193 | $249,582 | $993 | 51.4% |
Frequently Asked Questions
Common questions about the housing market in Craven County, North Carolina.
What is the median home price in Craven County, North Carolina?
The median home price in Craven County, North Carolina is $78,096, lower than the North Carolina average of $278,288.
What is the average home price in Craven County, North Carolina?
The typical home price in Craven County, North Carolina, reported as the median sale price, is $78,096. 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 Craven County, North Carolina?
The median gross rent in Craven County, North Carolina is $1,110 per month, lower than the North Carolina average of $1,227.
What was the median gross rent in Craven County in 2020?
In 2020, the median gross rent in Craven County, North Carolina was $914 per month.
What is the price-to-rent ratio in Craven County, North Carolina?
The price-to-rent ratio in Craven County, North Carolina is about 5.9, meaning it would take roughly 5.9 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 Craven County.
Are home prices or rent rising faster in Craven County, North Carolina?
Home prices and rent are moving in opposite directions in Craven County: home prices fell about 7.5% a year while rent rose about 3.2% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Craven County, North Carolina?
60.5% of households in Craven County, North Carolina own their home, higher than the North Carolina average of 58.3%.
What is the vacancy rate in Craven County, North Carolina?
The housing vacancy rate in Craven County, North Carolina is 11.7%, lower than the North Carolina average of 12.5%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →