Home Values

Morehead City 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

$194,200

  • 0.5% 1-year change
  • None 1-year forecast

The median home value in Morehead City is $194,200. Morehead City home values have gone up 0.5% over the past year. The median list price per square foot in Morehead City is $135, which is lower than the Morehead City Metro average of $176. The median price of homes currently listed in Morehead City is $250,000 while the median price of homes that sold is $188,600. The median rent price in Morehead City is $995, which is lower than the Morehead City Metro median of $1,000.

Foreclosures will be a factor impacting home values in the next several years. In Morehead City 3.3 homes are foreclosed (per 10,000). This is lower than the national value of 4.0

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 Morehead City is 2.9%, which is lower than the national value of 6.4%. 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 Morehead City homeowners underwater on their mortgage is 14.1%.

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Relative ZHVI
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Morehead City Market Overview

Data through Jan 31, 2015
  • $194,200 ZHVI
  • No data 1-yr forecast
  • $250,000 Median listing price
  • $188,600 Median sale price
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Morehead City Market Health

Data through Jan 31, 2015
  • 4.9/10 Stable
    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.
    (Dec 31, 2014)
  • No data Average days on Zillow
  • 14.1% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 2.9% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

3.3 homes Morehead City
4 homes United States
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Nearby Cities

Name Median ZHVI
Pine Knoll Shores $321,900
Indian Beach $258,800
Emerald Isle $250,600
Name Median ZHVI
Cedar Point $242,500
Cape Carteret $226,200
Harkers Island $222,900
Name Median ZHVI
Beaufort $184,700
Atlantic Beach $159,400
Newport $127,400

Listings & Sales

Data through Jan 31, 2015
  • $135 Median list price / sq ft
  • $112 Median sale price / sq ft
  • No data Listings with price cut
15.9%
Sold below listing
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Morehead City Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $1,230 Morehead City
    $1,186 Morehead City Metro
    $1,350 United States

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

  • 2.6 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $995 Rent list price
  • $0.72 Rent list price / sq ft
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