Pitt County, North Carolina Housing Market Prices
Pitt 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 10% below the North Carolina median$249,582
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Median rent 19% below the North Carolina median$993
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Pitt County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $249,582 | $278,288 | $248,835 |
| Price Trend (Annual %) | 7.0% | 9.3% | 7.5% |
| Median Gross Rent | $993 | $1,227 | $1,407 |
| Rent Trend (Annual %) | 3.9% | 5.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Pitt County is about 10% lower than in North Carolina. Rent is about 19% 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 Pitt County, up about 7.0% and 3.9% a year respectively. Home prices are changing faster.
Median rent in Pitt County rose about 35.0% between 2015 and 2024, from $735 to $993. Over the same span, rent in North Carolina rose about 54.2%.
Affordability
On average, housing unit costs 4.3 yearly household incomes in Pitt County.
Buying the median-priced home in Pitt County costs roughly 21.0 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 Pitt County. The price-to-rent ratio in North Carolina is about 18.9.
| Metric | Pitt County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $249,582 | $278,288 | $248,835 |
| Median Household Income | $57,898 | $72,438 | $80,455 |
| Price-to-Income Ratio | 4.3 | 3.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Pitt County rose about 91.9%, while median household income rose about 48.9% 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 | Pitt County | North Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 46.4% | 58.3% | 58.5% |
| Rental Rate | 43.8% | 29.2% | 31.2% |
| Vacancy Rate | 9.8% | 12.5% | 10.2% |
| Median Tenure (years) | 13.0 | 15.0 | 15.0 |
| Median Year Moved In | 2013 | 2011 | 2011 |
Pitt County has a homeownership rate of 46.4%, lower than the North Carolina average of 58.3%. Its housing vacancy rate is 9.8%, compared with 12.5% in North Carolina.
Housing Stock
| Metric | Pitt County | North Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.30 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1991 | 1989 | 1978 |
| Median Number of Rooms | 5.2 | 5.6 | 5.5 |
The typical housing unit in Pitt County was built around 1991. On average, 2.3 people live in a home with about 5.2 rooms, staying for about 13.0 years on average.
Pitt County, NC Housing Compared With Nearby Counties
Pitt County, NC is the largest of the 5 counties compared here, 177,193 residents against a local median of 46,615. Where Pitt County, NC breaks from the counties next to it is median home price, sitting 81% above the local median of $138,240 at $249,582.
Homeownership tells the same story from another angle: 51.4% against a local median of 63.7%, 19% below it. The one measure here that carries a verdict is homeownership, and at 19% below the local median it puts Pitt County, NC at the weaker end of the local range. The counties themselves spread $87,325 on median home price, so Pitt County, NC sits at one end of an already wide local range rather than apart from it. Pitt County, NC has the highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Pitt County, NC | 177,193 | $249,582 #1/5 | $993 #1/5 | 51.4% #5/5 |
| Greene County, NC | 20,465 | $180,242 | $852 | 66.5% |
| Edgecombe County, NC | 48,736 | $134,077 | $857 | 60.8% |
| Lenoir County, NC | 54,882 | $142,404 | $860 | 59.2% |
| Beaufort County, NC | 44,493 | $92,916 | $870 | 69.5% |
Frequently Asked Questions
Common questions about the housing market in Pitt County, North Carolina.
What is the median home price in Pitt County, North Carolina?
The median home price in Pitt County, North Carolina is $249,582, lower than the North Carolina average of $278,288.
What is the average home price in Pitt County, North Carolina?
The typical home price in Pitt County, North Carolina, reported as the median sale price, is $249,582. 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 Pitt County, North Carolina?
The median gross rent in Pitt County, North Carolina is $993 per month, lower than the North Carolina average of $1,227.
What was the median gross rent in Pitt County in 2020?
In 2020, the median gross rent in Pitt County, North Carolina was $792 per month.
What is the price-to-rent ratio in Pitt County, North Carolina?
The price-to-rent ratio in Pitt County, North Carolina is about 21.0, meaning it would take roughly 21.0 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 Pitt County.
Are home prices or rent rising faster in Pitt County, North Carolina?
Both home prices and rent are rising in Pitt County, up about 7.0% and 3.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Pitt County, North Carolina?
46.4% of households in Pitt County, North Carolina own their home, lower than the North Carolina average of 58.3%.
What is the vacancy rate in Pitt County, North Carolina?
The housing vacancy rate in Pitt County, North Carolina is 9.8%, lower than the North Carolina average of 12.5%.
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