Carteret County, North Carolina Housing Market
In Carteret County, North Carolina, the median home value is $333,300, with a median monthly rent of $1,108. This places Carteret County at #477 nationally out of 3134 counties by median home value, and #18 within North Carolina.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $876
- Establishments: 2,611
- BLS QCEW, 2025
Housing Supply
- Single-family: 468
- Multi-family: 3
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 30,060 (avg $92,007)
- Outflow: 27,406 (avg $89,565)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 7 active ZIP codes in Carteret County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 28512 | 398.2 | — | 2025 |
| 2 | 28516 | 312.6 | +13.93% | 2025 |
| 3 | 28594 | 431.2 | +9.36% | 2025 |
| 4 | 28584 | 261.8 | -3.98% | 2025 |
| 5 | 28557 | 310.2 | +8.56% | 2025 |
| 6 | 28570 | 271.5 | +4.30% | 2025 |
| 7 | 28531 | 203.3 | +12.20% | 2022 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
How Carteret County Compares
| Metric | Carteret County | North Carolina Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $333,300 | $235,312 | $227,706 |
| Median Gross Rent | $1,108 | $976 | $968 |
| Owner Occupancy Rate | 74.7% | 71.8% | 73.3% |
| Price/Rent Ratio | 25.1 | 19.8 | 18.7 |
Market Analysis
The median home value in Carteret County is 41.6% above the North Carolina state average and 46.4% above the U.S. national average. The median rent of $1,108/month is 13.5% above the state average.
With a price-to-rent ratio of 25.1, Carteret County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
Carteret County has an owner-occupancy rate of 74.7%, compared to 71.8% in North Carolina and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Sagadahoc County | Maine | $333,300 | $1,098 |
| Albany County | Wyoming | $333,000 | $931 |
| Pierce County | Wisconsin | $333,700 | $1,044 |
| Pickens County | Georgia | $332,700 | $1,136 |
| Lincoln County | Maine | $332,700 | $1,055 |
Other Counties in North Carolina
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Camden County | $337,100 | $1,232 | 82.1% |
| Iredell County | $321,400 | $1,252 | 71.9% |
| Lincoln County | $321,000 | $1,015 | 78.9% |
| Brunswick County | $349,800 | $1,351 | 84.6% |
| Henderson County | $351,400 | $1,187 | 75.0% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-13. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).