Hertford County, North Carolina Housing Market Prices
Hertford 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 68% below the North Carolina median Cheaper than 90% of counties in North Carolina$89,166
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Median rent 31% below the North Carolina median$843
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Hertford County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $89,166 | $278,288 | $248,835 |
| Price Trend (Annual %) | 5.0% | 9.3% | 7.5% |
| Median Gross Rent | $843 | $1,227 | $1,407 |
| Rent Trend (Annual %) | 2.9% | 5.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Hertford County is about 68% lower than in North Carolina. Rent is about 31% 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 Hertford County, up about 5.0% and 2.9% a year respectively. Home prices are changing faster.
Median rent in Hertford County rose about 32.9% between 2015 and 2024, from $635 to $843. Over the same span, rent in North Carolina rose about 54.2%.
Affordability
On average, housing unit costs 2.0 yearly household incomes in Hertford County.
Buying the median-priced home in Hertford County costs roughly 8.8 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 Hertford County. The price-to-rent ratio in North Carolina is about 18.9.
| Metric | Hertford County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $89,166 | $278,288 | $248,835 |
| Median Household Income | $45,535 | $72,438 | $80,455 |
| Price-to-Income Ratio | 2.0 | 3.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Hertford County rose about 22.5%, while median household income rose about 43.1% 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 | Hertford County | North Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.9% | 58.3% | 58.5% |
| Rental Rate | 27.5% | 29.2% | 31.2% |
| Vacancy Rate | 15.6% | 12.5% | 10.2% |
| Median Tenure (years) | 19.0 | 15.0 | 15.0 |
| Median Year Moved In | 2007 | 2011 | 2011 |
Hertford County has a homeownership rate of 56.9%, lower than the North Carolina average of 58.3%. Its housing vacancy rate is 15.6%, compared with 12.5% in North Carolina.
Housing Stock
| Metric | Hertford County | North Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.20 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1978 | 1989 | 1978 |
| Median Number of Rooms | 5.7 | 5.6 | 5.5 |
The typical housing unit in Hertford County was built around 1978. On average, 2.2 people live in a home with about 5.7 rooms, staying for about 19.0 years on average.
Hertford County, NC Housing Compared With Nearby Counties
Hertford County, NC is the largest of the 4 counties compared here, 19,906 residents against a local median of 16,931. Hertford County, NC's median home price, at $89,166, runs 37% below the $142,465 typical of the counties around it.
The counties themselves spread $63,023 on median home price, so Hertford County, NC sits at one end of an already wide local range rather than apart from it. Hertford County, NC has the 4th highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Hertford County, NC | 19,906 | $89,166 #4/4 | $843 #2/4 | 67.4% #4/4 |
| Gates County, NC | 10,369 | $142,465 | $1,142 | 80.9% |
| Bertie County, NC | 17,166 | $92,000 | $838 | 72.7% |
| Northampton County, NC | 16,931 | $155,023 | $758 | 74.6% |
Frequently Asked Questions
Common questions about the housing market in Hertford County, North Carolina.
What is the median home price in Hertford County, North Carolina?
The median home price in Hertford County, North Carolina is $89,166, lower than the North Carolina average of $278,288.
What is the average home price in Hertford County, North Carolina?
The typical home price in Hertford County, North Carolina, reported as the median sale price, is $89,166. 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 Hertford County, North Carolina?
The median gross rent in Hertford County, North Carolina is $843 per month, lower than the North Carolina average of $1,227.
What was the median gross rent in Hertford County in 2020?
In 2020, the median gross rent in Hertford County, North Carolina was $777 per month.
What is the price-to-rent ratio in Hertford County, North Carolina?
The price-to-rent ratio in Hertford County, North Carolina is about 8.8, meaning it would take roughly 8.8 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 Hertford County.
Are home prices or rent rising faster in Hertford County, North Carolina?
Both home prices and rent are rising in Hertford County, up about 5.0% and 2.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Hertford County, North Carolina?
56.9% of households in Hertford County, North Carolina own their home, lower than the North Carolina average of 58.3%.
What is the vacancy rate in Hertford County, North Carolina?
The housing vacancy rate in Hertford County, North Carolina is 15.6%, higher than the North Carolina average of 12.5%.
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