Home Values

Emerald Isle Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$254,600

  • -0.6% 1-year change
  • None 1-year forecast

The median home value in Emerald Isle is $254,600. Emerald Isle home values have declined -0.6% over the past year. The median rent price in Emerald Isle is $1,200, which is higher than the Morehead City Metro median of $1,185.

Foreclosures will be a factor impacting home values in the next several years. In Emerald Isle 1.4 homes are foreclosed (per 10,000). This is lower than the national value of 3.8

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 Emerald Isle is 0.0%, which is lower than the national value of 6.0%. 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 Emerald Isle homeowners underwater on their mortgage is 8.6%.

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Relative ZHVI
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Emerald Isle Market Overview

Data through Jun 30, 2015
  • $254,600 ZHVI
  • No data 1-yr forecast
  • No data Median listing price
  • $336,350 Median sale price
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Emerald Isle Market Health

Data through Jun 30, 2015
  • 9.3/10 Very healthy
    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 days on Zillow
  • 8.6% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 0.0% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)
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Nearby Cities

Name Median ZHVI
Pine Knoll Shores $311,200
Indian Beach $264,600
Cedar Point $247,300
Name Median ZHVI
Cape Carteret $227,800
Stella $187,700
Swansboro $173,100
Name Median ZHVI
Hubert $130,800
Newport $127,200
Midway Park $113,900

Listings & Sales

Data through Jun 30, 2015
  • No recent data Median list price / sq ft
  • $228 Median sale price / sq ft
  • No data Listings with price cut
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Emerald Isle Rentals

Data through Jun 30, 2015
  • Zillow Rent Index

  • $1,234 Emerald Isle
    $1,170 Morehead City Metro
    $1,369 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 4.1 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Mar 31, 2015)
  • $1,200 Rent list price
  • $0.92 Rent list price / sq ft
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