Tyrrell County, North Carolina Housing Market Prices
Tyrrell 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 64% below the North Carolina median Cheaper than 84% of counties in North Carolina$98,928
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Median rent 48% below the North Carolina median Cheapest county in North Carolina$643
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Tyrrell County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $98,928 | $278,288 | $248,835 |
| Price Trend (Annual %) | 46.3% | 9.3% | 7.5% |
| Median Gross Rent | $643 | $1,227 | $1,407 |
| Rent Trend (Annual %) | -1.6% | 5.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Tyrrell County is about 64% lower than in North Carolina. Rent is about 48% lower than the North Carolina average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Tyrrell County: home prices rose about 46.3% a year while rent fell about 1.6% a year. That is an unusual pattern worth watching.
Median rent in Tyrrell County fell about 8.2% between 2015 and 2024, from $700 to $643. Over the same span, rent in North Carolina rose about 54.2%.
Affordability
On average, housing unit costs 2.4 yearly household incomes in Tyrrell County.
Buying the median-priced home in Tyrrell County costs roughly 12.8 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 Tyrrell County. The price-to-rent ratio in North Carolina is about 18.9.
| Metric | Tyrrell County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $98,928 | $278,288 | $248,835 |
| Median Household Income | $40,922 | $72,438 | $80,455 |
| Price-to-Income Ratio | 2.4 | 3.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Tyrrell County rose about 68.1%, while median household income rose about 31.4% 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 | Tyrrell County | North Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 54.0% | 58.3% | 58.5% |
| Rental Rate | 15.4% | 29.2% | 31.2% |
| Vacancy Rate | 30.6% | 12.5% | 10.2% |
| Median Tenure (years) | 19.0 | 15.0 | 15.0 |
| Median Year Moved In | 2007 | 2011 | 2011 |
Tyrrell County has a homeownership rate of 54.0%, lower than the North Carolina average of 58.3%. Its housing vacancy rate is 30.6%, compared with 12.5% in North Carolina.
Housing Stock
| Metric | Tyrrell County | North Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 1.94 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1973 | 1989 | 1978 |
| Median Number of Rooms | 5.6 | 5.6 | 5.5 |
The typical housing unit in Tyrrell County was built around 1973. On average, 1.9 people live in a home with about 5.6 rooms, staying for about 19.0 years on average.
Tyrrell County, NC Housing Compared With Nearby Counties
How Tyrrell County, NC compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Tyrrell County, NC | 3,423 | $98,928 #3/3 | $643 #3/3 | 77.8% #1/3 |
| Perquimans County, NC | 13,244 | $431,928 | $1,008 | 76.5% |
| Pasquotank County, NC | 40,823 | $104,038 | $1,169 | 67.5% |
Frequently Asked Questions
Common questions about the housing market in Tyrrell County, North Carolina.
What is the median home price in Tyrrell County, North Carolina?
The median home price in Tyrrell County, North Carolina is $98,928, lower than the North Carolina average of $278,288.
What is the average home price in Tyrrell County, North Carolina?
The typical home price in Tyrrell County, North Carolina, reported as the median sale price, is $98,928. 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 Tyrrell County, North Carolina?
The median gross rent in Tyrrell County, North Carolina is $643 per month, lower than the North Carolina average of $1,227.
What was the median gross rent in Tyrrell County in 2020?
In 2020, the median gross rent in Tyrrell County, North Carolina was $667 per month.
What is the price-to-rent ratio in Tyrrell County, North Carolina?
The price-to-rent ratio in Tyrrell County, North Carolina is about 12.8, meaning it would take roughly 12.8 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 Tyrrell County.
Are home prices or rent rising faster in Tyrrell County, North Carolina?
Home prices and rent are moving in opposite directions in Tyrrell County: home prices rose about 46.3% a year while rent fell about 1.6% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Tyrrell County, North Carolina?
54.0% of households in Tyrrell County, North Carolina own their home, lower than the North Carolina average of 58.3%.
What is the vacancy rate in Tyrrell County, North Carolina?
The housing vacancy rate in Tyrrell County, North Carolina is 30.6%, higher than the North Carolina average of 12.5%.
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