Hyde County, North Carolina Housing Market Prices
Hyde 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 91% above the North Carolina median Among the 5 most expensive counties in North Carolina$531,250
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Median rent 3% above the North Carolina median More expensive than 89% of counties in North Carolina$1,263
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Hyde County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $531,250 | $278,288 | $248,835 |
| Price Trend (Annual %) | 13.5% | 9.3% | 7.5% |
| Median Gross Rent | $1,263 | $1,227 | $1,407 |
| Rent Trend (Annual %) | 7.4% | 5.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Hyde County is about 91% higher than in North Carolina. Rent is about 3% higher 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 Hyde County, up about 13.5% and 7.4% a year respectively. Home prices are changing faster.
Median rent in Hyde County rose about 53.6% between 2015 and 2024, from $822 to $1,263. Over the same span, rent in North Carolina rose about 54.2%.
Affordability
On average, housing unit costs 10.0 yearly household incomes in Hyde County.
Buying the median-priced home in Hyde County costs roughly 35.0 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 Hyde County. The price-to-rent ratio in North Carolina is about 18.9.
| Metric | Hyde County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $531,250 | $278,288 | $248,835 |
| Median Household Income | $52,943 | $72,438 | $80,455 |
| Price-to-Income Ratio | 10.0 | 3.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Hyde County rose about 27.3%, while median household income rose about 19.9% 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 | Hyde County | North Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 47.3% | 58.3% | 58.5% |
| Rental Rate | 18.4% | 29.2% | 31.2% |
| Vacancy Rate | 34.3% | 12.5% | 10.2% |
| Median Tenure (years) | 18.0 | 15.0 | 15.0 |
| Median Year Moved In | 2008 | 2011 | 2011 |
Hyde County has a homeownership rate of 47.3%, lower than the North Carolina average of 58.3%. Its housing vacancy rate is 34.3%, compared with 12.5% in North Carolina.
Housing Stock
| Metric | Hyde County | North Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 1.99 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1982 | 1989 | 1978 |
| Median Number of Rooms | 5.2 | 5.6 | 5.5 |
The typical housing unit in Hyde County was built around 1982. On average, 2.0 people live in a home with about 5.2 rooms, staying for about 18.0 years on average.
Hyde County, NC Housing Compared With Nearby Counties
Hyde County, NC is the 3rd largest of the 4 counties compared here, 4,592 residents against a local median of 12,360. The measure that sets Hyde County, NC apart most is median home price: $531,250, more than 5 times the local median of $98,928.
Median rent tells the same story from another angle: $1,263 against a local median of $752, 68% above it. The counties themselves spread $232,535 on median home price, so Hyde County, NC sits at one end of an already wide local range rather than apart from it. Hyde County, NC has the highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Hyde County, NC | 4,592 | $531,250 #1/4 | $1,263 #1/4 | 71.9% #4/4 |
| Tyrrell County, NC | 3,423 | $98,928 | $643 | 77.8% |
| Pamlico County, NC | 12,360 | $86,818 | $752 | 82.9% |
| Carteret County, NC | 69,145 | $319,352 | $1,107 | 74.7% |
Frequently Asked Questions
Common questions about the housing market in Hyde County, North Carolina.
What is the median home price in Hyde County, North Carolina?
The median home price in Hyde County, North Carolina is $531,250, higher than the North Carolina average of $278,288.
What is the average home price in Hyde County, North Carolina?
The typical home price in Hyde County, North Carolina, reported as the median sale price, is $531,250. 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 Hyde County, North Carolina?
The median gross rent in Hyde County, North Carolina is $1,263 per month, higher than the North Carolina average of $1,227.
What was the median gross rent in Hyde County in 2020?
In 2020, the median gross rent in Hyde County, North Carolina was $784 per month.
What is the price-to-rent ratio in Hyde County, North Carolina?
The price-to-rent ratio in Hyde County, North Carolina is about 35.0, meaning it would take roughly 35.0 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 Hyde County.
Are home prices or rent rising faster in Hyde County, North Carolina?
Both home prices and rent are rising in Hyde County, up about 13.5% and 7.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Hyde County, North Carolina?
47.3% of households in Hyde County, North Carolina own their home, lower than the North Carolina average of 58.3%.
What is the vacancy rate in Hyde County, North Carolina?
The housing vacancy rate in Hyde County, North Carolina is 34.3%, higher than the North Carolina average of 12.5%.
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