Perquimans County, North Carolina Housing Market Prices
Perquimans 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 55% above the North Carolina median More expensive than 94% of counties in North Carolina$431,928
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Median rent 18% below the North Carolina median$1,008
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Perquimans County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $431,928 | $278,288 | $248,835 |
| Price Trend (Annual %) | 24.1% | 9.3% | 7.5% |
| Median Gross Rent | $1,008 | $1,227 | $1,407 |
| Rent Trend (Annual %) | 3.6% | 5.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Perquimans County is about 55% higher than in North Carolina. Rent is about 18% 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 Perquimans County, up about 24.1% and 3.6% a year respectively. Home prices are changing faster.
Median rent in Perquimans County rose about 38.6% between 2015 and 2024, from $728 to $1,008. Over the same span, rent in North Carolina rose about 54.2%.
Affordability
On average, housing unit costs 6.2 yearly household incomes in Perquimans County.
Buying the median-priced home in Perquimans County costs roughly 35.7 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 Perquimans County. The price-to-rent ratio in North Carolina is about 18.9.
| Metric | Perquimans County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $431,928 | $278,288 | $248,835 |
| Median Household Income | $69,399 | $72,438 | $80,455 |
| Price-to-Income Ratio | 6.2 | 3.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Perquimans County rose about 262.1%, while median household income rose about 67.9% 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 | Perquimans County | North Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 61.7% | 58.3% | 58.5% |
| Rental Rate | 18.9% | 29.2% | 31.2% |
| Vacancy Rate | 19.4% | 12.5% | 10.2% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Perquimans County has a homeownership rate of 61.7%, higher than the North Carolina average of 58.3%. Its housing vacancy rate is 19.4%, compared with 12.5% in North Carolina.
Housing Stock
| Metric | Perquimans County | North Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.34 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1989 | 1989 | 1978 |
| Median Number of Rooms | 6.0 | 5.6 | 5.5 |
The typical housing unit in Perquimans County was built around 1989. On average, 2.3 people live in a home with about 6.0 rooms, staying for about 17.0 years on average.
Perquimans County, NC Housing Compared With Nearby Counties
Perquimans County, NC is typical in size for this group, 13,244 residents against a local median of 13,836, so the measures below are close to a like for like comparison. Where Perquimans County, NC breaks from the counties next to it is median home price, sitting more than 4 times the local median of $104,038 at $431,928.
Median rent tells the same story from another angle: $1,008 against a local median of $681, 48% above it. The counties themselves spread $346,600 on median home price, so Perquimans County, NC sits at one end of an already wide local range rather than apart from it. Perquimans County, NC has the 2nd highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Perquimans County, NC | 13,244 | $431,928 #2/4 | $1,008 #2/4 | 76.5% #2/4 |
| Pasquotank County, NC | 40,823 | $104,038 | $1,169 | 67.5% |
| 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 Perquimans County, North Carolina.
What is the median home price in Perquimans County, North Carolina?
The median home price in Perquimans County, North Carolina is $431,928, higher than the North Carolina average of $278,288.
What is the average home price in Perquimans County, North Carolina?
The typical home price in Perquimans County, North Carolina, reported as the median sale price, is $431,928. 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 Perquimans County, North Carolina?
The median gross rent in Perquimans County, North Carolina is $1,008 per month, lower than the North Carolina average of $1,227.
What was the median gross rent in Perquimans County in 2020?
In 2020, the median gross rent in Perquimans County, North Carolina was $821 per month.
What is the price-to-rent ratio in Perquimans County, North Carolina?
The price-to-rent ratio in Perquimans County, North Carolina is about 35.7, meaning it would take roughly 35.7 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 Perquimans County.
Are home prices or rent rising faster in Perquimans County, North Carolina?
Both home prices and rent are rising in Perquimans County, up about 24.1% and 3.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Perquimans County, North Carolina?
61.7% of households in Perquimans County, North Carolina own their home, higher than the North Carolina average of 58.3%.
What is the vacancy rate in Perquimans County, North Carolina?
The housing vacancy rate in Perquimans County, North Carolina is 19.4%, higher than the North Carolina average of 12.5%.
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