Chowan County, North Carolina Housing Market
In Chowan County, North Carolina, the median home value is $235,800, with a median monthly rent of $681. This places Chowan County at #1027 nationally out of 3134 counties by median home value, and #45 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: $948
- Establishments: 393
- BLS QCEW, 2025
Housing Supply
- Single-family: 48
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 5,720 (avg $73,980)
- Outflow: 5,263 (avg $72,808)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Chowan County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 27932 | 256.1 | +11.28% | 2025 |
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 Chowan County Compares
| Metric | Chowan County | North Carolina Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $235,800 | $235,312 | $227,706 |
| Median Gross Rent | $681 | $976 | $968 |
| Owner Occupancy Rate | 70.5% | 71.8% | 73.3% |
| Price/Rent Ratio | 28.9 | 19.8 | 18.7 |
Market Analysis
The median home value in Chowan County is about equal to the North Carolina state average and 3.6% above the U.S. national average. The median rent of $681/month is 30.2% below the state average.
With a price-to-rent ratio of 28.9, Chowan 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.
Chowan County has an owner-occupancy rate of 70.5%, compared to 71.8% in North Carolina and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Johnson County | Missouri | $235,700 | $932 |
| Schenectady County | New York | $235,700 | $1,194 |
| Cleveland County | Oklahoma | $235,700 | $1,167 |
| Fergus County | Montana | $236,100 | $954 |
| DeKalb County | Tennessee | $235,500 | $839 |
Other Counties in North Carolina
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Onslow County | $236,400 | $1,265 | 63.7% |
| Pasquotank County | $234,600 | $1,170 | 67.5% |
| Rowan County | $238,400 | $1,013 | 72.3% |
| Cherokee County | $232,300 | $813 | 83.7% |
| Perquimans County | $231,700 | $1,008 | 76.5% |
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).