Craven County, North Carolina Housing Market
In Craven County, North Carolina, the median home value is $231,600, with a median monthly rent of $1,110. This places Craven County at #1064 nationally out of 3134 counties by median home value, and #49 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: $999
- Establishments: 2,560
- BLS QCEW, 2025
Housing Supply
- Single-family: 553
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 43,463 (avg $72,096)
- Outflow: 38,541 (avg $72,706)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 4 active ZIP codes in Craven County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 28560 | 275.1 | +2.22% | 2025 |
| 2 | 28532 | 235.8 | -2.71% | 2025 |
| 3 | 28562 | 237.2 | +3.83% | 2025 |
| 4 | 28523 | 150.0 | +10.87% | 2021 |
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.
💰 Ready to Finance a Purchase?
See the 2026 FHA and conforming loan limits for Craven County, plus monthly payment estimates at today's mortgage rates.
View Mortgage Guide for Craven County →How Craven County Compares
| Metric | Craven County | North Carolina Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $231,600 | $235,312 | $227,706 |
| Median Gross Rent | $1,110 | $976 | $968 |
| Owner Occupancy Rate | 68.4% | 71.8% | 73.3% |
| Price/Rent Ratio | 17.4 | 19.8 | 18.7 |
Market Analysis
The median home value in Craven County is 1.6% below the North Carolina state average and 1.7% above the U.S. national average. The median rent of $1,110/month is 13.7% above the state average.
With a price-to-rent ratio of 17.4, the buy-vs-rent decision in Craven County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Craven County has an owner-occupancy rate of 68.4%, 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 |
|---|---|---|---|
| Oglethorpe County | Georgia | $231,600 | $913 |
| King and Queen County | Virginia | $231,600 | $1,004 |
| Rock County | Wisconsin | $231,600 | $1,037 |
| Deer Lodge County | Montana | $231,700 | $696 |
| Perquimans County | North Carolina | $231,700 | $1,008 |
Other Counties in North Carolina
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Perquimans County | $231,700 | $1,008 | 76.5% |
| Cherokee County | $232,300 | $813 | 83.7% |
| Pasquotank County | $234,600 | $1,170 | 67.5% |
| Chowan County | $235,800 | $681 | 70.5% |
| Onslow County | $236,400 | $1,265 | 63.7% |
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 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).