Carteret County Home Prices & Values

$195,200 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 0.4% 1-year change
  • No data 1-year forecast

The median home value in Carteret County is $195,200. Carteret County home values have gone up 0.4% over the past year. The median list price per square foot in Carteret County is $150, which is the same as the Morehead City Metro average of $150. The median price of homes currently listed in Carteret County is $252,000 while the median price of homes that sold is $191,250. The median rent price in Carteret County is $1,000, which is the same as the Morehead City Metro median of $1,000.

Foreclosures will be a factor impacting home values in the next several years. In Carteret County 0.4 homes are foreclosed (per 10,000). This is lower than the national value of 4.8

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Carteret County is 3.8%, which is lower than the national value of 7.2%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Carteret County homeowners underwater on their mortgage is 16.1%.

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Relative ZHVI
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Carteret County Market Overview

Data through May 31, 2014
  • $195,200 ZHVI
  • No data 1-yr forecast
  • $252,000 Median listing price
  • $191,250 Median sale price
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Carteret County Market Health

Data through May 31, 2014
  • 6.7/10 Healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average of days on Zillow
  • 16.1% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 3.8% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)
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Cities in Carteret County

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Pine Knoll Shores $311,200 Indian Beach $264,600 Emerald Isle $250,900
Cape Carteret $227,800 Harkers Island $211,300 Morehead City $194,900
Beaufort $188,000 Atlantic Beach $169,300 Newport $127,200

Listings & Sales

Data through May 31, 2014
  • $150 Median list price / sq ft
  • $113 Median sale price / sq ft
  • 21.0% Listings with price cut
21.9%
Sold below listing
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Carteret County Rentals

Data through May 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,151 Carteret County
$1,151 Morehead City Metro
$1,310 United States
  • 3.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $1,000 Rent list price
  • $0.79 Rent list price / sq ft
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