Pasquotank County, North Carolina Housing Market Prices
Pasquotank 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 63% below the North Carolina median Cheaper than 83% of counties in North Carolina$104,038
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Median rent 5% below the North Carolina median More expensive than 81% of counties in North Carolina$1,169
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Pasquotank County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $104,038 | $278,288 | $248,835 |
| Price Trend (Annual %) | 15.3% | 9.3% | 7.5% |
| Median Gross Rent | $1,169 | $1,227 | $1,407 |
| Rent Trend (Annual %) | 4.0% | 5.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Pasquotank County is about 63% lower than in North Carolina. Rent is about 5% 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 Pasquotank County, up about 15.3% and 4.0% a year respectively. Home prices are changing faster.
Median rent in Pasquotank County rose about 35.9% between 2015 and 2024, from $860 to $1,169. Over the same span, rent in North Carolina rose about 54.2%.
Affordability
On average, housing unit costs 1.6 yearly household incomes in Pasquotank County.
Buying the median-priced home in Pasquotank County costs roughly 7.4 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 Pasquotank County. The price-to-rent ratio in North Carolina is about 18.9.
| Metric | Pasquotank County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $104,038 | $278,288 | $248,835 |
| Median Household Income | $65,195 | $72,438 | $80,455 |
| Price-to-Income Ratio | 1.6 | 3.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Pasquotank County rose about 36.2%, while median household income rose about 39.5% 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 | Pasquotank County | North Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.1% | 58.3% | 58.5% |
| Rental Rate | 29.0% | 29.2% | 31.2% |
| Vacancy Rate | 10.9% | 12.5% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Pasquotank County has a homeownership rate of 60.1%, higher than the North Carolina average of 58.3%. Its housing vacancy rate is 10.9%, compared with 12.5% in North Carolina.
Housing Stock
| Metric | Pasquotank County | North Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.45 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1987 | 1989 | 1978 |
| Median Number of Rooms | 5.9 | 5.6 | 5.5 |
The typical housing unit in Pasquotank County was built around 1987. On average, 2.4 people live in a home with about 5.9 rooms, staying for about 15.0 years on average.
Pasquotank County, NC Housing Compared With Nearby Counties
Pasquotank County, NC is the largest of the 4 counties compared here, 40,823 residents against a local median of 13,244. The measure that sets Pasquotank County, NC apart most is median home price: $104,038, 76% below the local median of $431,928.
Median rent tells the same story from another angle: $1,169 against a local median of $681, 72% above it. The counties themselves spread $346,600 on median home price, so Pasquotank County, NC sits at one end of an already wide local range rather than apart from it. Pasquotank County, NC has the 3rd highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Pasquotank County, NC | 40,823 | $104,038 #3/4 | $1,169 #1/4 | 67.5% #4/4 |
| Perquimans County, NC | 13,244 | $431,928 | $1,008 | 76.5% |
| Chowan County, NC | 13,836 | $445,528 | $681 | 70.5% |
| Tyrrell County, NC | 3,423 | $98,928 | $643 | 77.8% |
Frequently Asked Questions
Common questions about the housing market in Pasquotank County, North Carolina.
What is the median home price in Pasquotank County, North Carolina?
The median home price in Pasquotank County, North Carolina is $104,038, lower than the North Carolina average of $278,288.
What is the average home price in Pasquotank County, North Carolina?
The typical home price in Pasquotank County, North Carolina, reported as the median sale price, is $104,038. 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 Pasquotank County, North Carolina?
The median gross rent in Pasquotank County, North Carolina is $1,169 per month, lower than the North Carolina average of $1,227.
What was the median gross rent in Pasquotank County in 2020?
In 2020, the median gross rent in Pasquotank County, North Carolina was $950 per month.
What is the price-to-rent ratio in Pasquotank County, North Carolina?
The price-to-rent ratio in Pasquotank County, North Carolina is about 7.4, meaning it would take roughly 7.4 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 Pasquotank County.
Are home prices or rent rising faster in Pasquotank County, North Carolina?
Both home prices and rent are rising in Pasquotank County, up about 15.3% and 4.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Pasquotank County, North Carolina?
60.1% of households in Pasquotank County, North Carolina own their home, higher than the North Carolina average of 58.3%.
What is the vacancy rate in Pasquotank County, North Carolina?
The housing vacancy rate in Pasquotank County, North Carolina is 10.9%, lower than the North Carolina average of 12.5%.
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