Cities with the most expensive homes in North Carolina
Cities with the most expensive homes in North Carolina
Purchasing a home is among the most important investments a person will make in their lifetime. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, affordability plays a huge role—and, increasingly, is a huge barrier—for buyers.
In March, the typical home value in the United States was $355,696—4.6% higher than the previous year.
High mortgage rates have also had a major impact on affordability: As of April 25, the 30-year fixed mortgage rate stands at 7.17%, three points higher than the average mortgage American households are sitting on. That disparity has kept many people in homes they might otherwise leave—to pursue another job, to downsize, or to upsize—further squeezing an already-tight market.
While home prices are up across the U.S., certain cities command significantly higher prices than others. Location, size, age, and condition are all contributing factors to home values.
Stacker compiled a list of cities with the most expensive homes in North Carolina using data from Zillow. Cities are ranked by the Zillow Home Values Index for all homes as of March 2024. The charts in this story were created automatically using Matplotlib.
Metros with the most cities in the top 30 in North Carolina
#1. Kill Devil Hills, NC: 6
#2. Myrtle Beach-Conway-North Myrtle Beach, SC-NC: 4
#2. Wilmington, NC: 4
#4. Charlotte-Concord-Gastonia, NC-SC: 3
#4. Morehead City, NC: 3
#6. Cullowhee, NC: 2
#7. Boone, NC: 1
#7. Brevard, NC: 1
#7. Durham-Chapel Hill, NC: 1
#7. Hickory-Lenoir-Morganton, NC: 1
#7. Roanoke Rapids, NC: 1
#7. Virginia Beach-Norfolk-Newport News, VA-NC: 1
#30. Lake Santeetlah
- Typical home value: $628,645
- 1-year price change: +3.8%
- 5-year price change: +51.6%
- Metro area: not in a metro area
#29. Caswell Beach
- Typical home value: $633,192
- 1-year price change: +2.7%
- 5-year price change: +75.7%
- Metro area: Myrtle Beach-Conway-North Myrtle Beach, SC-NC
#28. Davidson
- Typical home value: $643,882
- 1-year price change: +7.0%
- 5-year price change: +59.8%
- Metro area: Charlotte-Concord-Gastonia, NC-SC
#27. Indian Beach
- Typical home value: $648,573
- 1-year price change: +6.5%
- 5-year price change: +77.9%
- Metro area: Morehead City, NC
#26. New Hill
- Typical home value: $658,756
- 1-year price change: +5.1%
- 5-year price change: +58.6%
- Metro area: Durham-Chapel Hill, NC
#25. Lake Toxaway
- Typical home value: $659,323
- 1-year price change: +7.5%
- 5-year price change: +78.1%
- Metro area: Brevard, NC
#24. Rodanthe
- Typical home value: $661,521
- 1-year price change: +2.9%
- 5-year price change: +55.9%
- Metro area: Kill Devil Hills, NC
#23. Henrico
- Typical home value: $678,825
- 1-year price change: +1.9%
- 5-year price change: +62.7%
- Metro area: Roanoke Rapids, NC
#22. Salvo
- Typical home value: $686,818
- 1-year price change: +5.5%
- 5-year price change: +62.6%
- Metro area: Kill Devil Hills, NC
#21. Pine Knoll Shores
- Typical home value: $693,628
- 1-year price change: +4.9%
- 5-year price change: +79.5%
- Metro area: Morehead City, NC
#20. Surf City
- Typical home value: $695,373
- 1-year price change: +1.1%
- 5-year price change: +95.1%
- Metro area: Wilmington, NC
#19. Blowing Rock
- Typical home value: $695,864
- 1-year price change: +5.4%
- 5-year price change: +73.6%
- Metro area: Boone, NC
#18. Saint James
- Typical home value: $700,506
- 1-year price change: +3.6%
- 5-year price change: +65.0%
- Metro area: Myrtle Beach-Conway-North Myrtle Beach, SC-NC
#17. Nags Head
- Typical home value: $718,994
- 1-year price change: +3.5%
- 5-year price change: +66.3%
- Metro area: Kill Devil Hills, NC
#16. Glenville
- Typical home value: $726,226
- 1-year price change: +6.2%
- 5-year price change: +71.4%
- Metro area: Cullowhee, NC
#15. Emerald Isle
- Typical home value: $729,496
- 1-year price change: +6.0%
- 5-year price change: +74.6%
- Metro area: Morehead City, NC
#14. Terrell
- Typical home value: $758,370
- 1-year price change: +7.3%
- 5-year price change: +68.8%
- Metro area: Hickory-Lenoir-Morganton, NC
#13. Kure Beach
- Typical home value: $761,451
- 1-year price change: +4.2%
- 5-year price change: +81.4%
- Metro area: Wilmington, NC
#12. Southern Shores
- Typical home value: $805,375
- 1-year price change: +5.0%
- 5-year price change: +70.9%
- Metro area: Kill Devil Hills, NC
#11. Waves
- Typical home value: $874,253
- 1-year price change: +5.0%
- 5-year price change: +64.4%
- Metro area: Kill Devil Hills, NC
#10. Holden Beach
- Typical home value: $896,280
- 1-year price change: +5.5%
- 5-year price change: +89.2%
- Metro area: Myrtle Beach-Conway-North Myrtle Beach, SC-NC
#9. Topsail Beach
- Typical home value: $921,334
- 1-year price change: -0.3%
- 5-year price change: +88.4%
- Metro area: Wilmington, NC
#8. Corolla
- Typical home value: $932,213
- 1-year price change: +4.0%
- 5-year price change: +69.9%
- Metro area: Virginia Beach-Norfolk-Newport News, VA-NC
#7. Highlands
- Typical home value: $940,474
- 1-year price change: +3.4%
- 5-year price change: +75.6%
- Metro area: not in a metro area
#6. Weddington
- Typical home value: $989,708
- 1-year price change: +8.3%
- 5-year price change: +70.5%
- Metro area: Charlotte-Concord-Gastonia, NC-SC
#5. Duck
- Typical home value: $989,994
- 1-year price change: +3.9%
- 5-year price change: +68.8%
- Metro area: Kill Devil Hills, NC
#4. Marvin
- Typical home value: $1,122,979
- 1-year price change: +10.8%
- 5-year price change: +67.7%
- Metro area: Charlotte-Concord-Gastonia, NC-SC
#3. Cashiers
- Typical home value: $1,129,322
- 1-year price change: +3.2%
- 5-year price change: +87.9%
- Metro area: Cullowhee, NC
#2. Bald Head Island
- Typical home value: $1,324,973
- 1-year price change: +4.5%
- 5-year price change: +75.7%
- Metro area: Myrtle Beach-Conway-North Myrtle Beach, SC-NC
#1. Wrightsville Beach
- Typical home value: $1,501,868
- 1-year price change: +2.9%
- 5-year price change: +73.2%
- Metro area: Wilmington, NC
This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 50 states.
