Cities with the most expensive homes in North Carolina

Written by:
March 3, 2021
realtor.com

Cities with the most expensive homes in North Carolina

Buying a home is an investment—and an increasingly expensive one. The median value of a home in the United States today is more than a quarter of a million dollars with a mortgage, and $167,000 without one. Meanwhile, the median monthly housing cost for a home with a mortgage is $1,558 and $490 without a mortgage.

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 January 2021. Listings and images are from realtor.com.

Home buyers have a lot to consider when house-hunting or looking to invest in rental properties, from the state of the housing market itself to taxes and potential resale value. The housing market grew robust and pricey in the decade following the 2008 recession, and more recently saw a boom during the coronavirus pandemic. Another consideration is the house itself, including what kind of upkeep it requires and those associated costs. Depreciation affects all homes at an average rate of 3.636% each year, which can be a help come tax season if you use your home for business or rentals but may cost you later in capital gains taxes when you sell. Meanwhile, land value tends to increase over time depending on several factors including where the house is located and what amenities and homes are nearby. More desirable neighborhoods allow sellers to charge more; the mantra "location, location, location" has never been more relevant.

Do you live in the area with the most expensive real estate market in your state? Keep reading to find out.

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#30. Nags Head

- Typical home value: $425,359
- 1 year home value change: +4.9%
- 10 year home value change: +15.3%
- #2,482 most expensive city nationwide

- Pictured: 2619 Virginia Dare Trl S, Nags Head ($2.8 million, 9 bedrooms)
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#29. Montreat

- Typical home value: $426,097
- 1 year home value change: +14.0%
- 10 year home value change: +47.1%
- #2,473 most expensive city nationwide

- Pictured: 232 N Carolina Ter, Montreat ($1.5 million, 9 bedrooms)
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#28. Chapel Hill

- Typical home value: $426,654
- 1 year home value change: +4.8%
- 10 year home value change: +25.2%
- #2,469 most expensive city nationwide

- Pictured: 131 Lots 1 2 4 Winsome Ln, Chapel Hill ($2.9 million, 4 bedrooms)
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#27. Sherrills Ford

- Typical home value: $428,556
- 1 year home value change: +10.5%
- 10 year home value change: +41.7%
- #2,445 most expensive city nationwide

- Pictured: 8451 Ridgewood Rd, Sherrills Ford ($3.3 million, 5 bedrooms)
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#26. Henrico

- Typical home value: $432,017
- 1 year home value change: +3.9%
- 10 year home value change: +17.6%
- #2,397 most expensive city nationwide

- Pictured: 263 Pinewood Acres, Henrico ($1.6 million, 6 bedrooms)
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#25. New Hill

- Typical home value: $434,816
- 1 year home value change: +7.3%
- 10 year home value change: +51.8%
- #2,356 most expensive city nationwide

- Pictured: 316 Cedar Lane Farm Ln, New Hill ($850,000, 3 bedrooms)
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#24. Blowing Rock

- Typical home value: $436,668
- 1 year home value change: +9.7%
- 10 year home value change: +13.2%
- #2,326 most expensive city nationwide

- Pictured: 1245 Laurel Ln, Blowing Rock ($3.3 million, 4 bedrooms)
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#23. Glenville

- Typical home value: $439,343
- 1 year home value change: +5.9%
- 10 year home value change: +8.4%
- #2,276 most expensive city nationwide

- Pictured: 244 Stillpoint Ln, Glenville ($6.8 million, 4 bedrooms)
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#22. Saxapahaw

- Typical home value: $439,922
- 1 year home value change: +4.4%
- 10 year home value change: +data not available
- #2,272 most expensive city nationwide

- Pictured: 2037 Yale Dr, Graham ($1.2 million, 2 bedrooms)
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#21. Davidson

- Typical home value: $442,709
- 1 year home value change: +9.3%
- 10 year home value change: +47.1%
- #2,247 most expensive city nationwide

- Pictured: 17416 Gillican Overlook Rd, Davidson ($1.9 million, 5 bedrooms)
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#20. Surf City

- Typical home value: $444,063
- 1 year home value change: +8.4%
- 10 year home value change: +14.7%
- #2,232 most expensive city nationwide

- Pictured: 1402 S Shore Dr, Surf City ($1.7 million, 8 bedrooms)
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#19. Saint James

- Typical home value: $449,591
- 1 year home value change: +5.1%
- 10 year home value change: +8.5%
- #2,166 most expensive city nationwide

- Pictured: 2769 Pinecrest Dr SE, Southport ($1.5 million, 4 bedrooms)
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#18. Pine Knoll Shores

- Typical home value: $450,552
- 1 year home value change: +10.8%
- 10 year home value change: +28.6%
- #2,160 most expensive city nationwide

- Pictured: 103 Bay St, Pine Knoll Shores ($2.2 million, 7 bedrooms)
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#17. Kure Beach

- Typical home value: $474,393
- 1 year home value change: +8.7%
- 10 year home value change: +43.8%
- #1,929 most expensive city nationwide

- Pictured: 1023 S Fort Fisher Blvd, Kure Beach ($2.3 million, 7 bedrooms)
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#16. Emerald Isle

- Typical home value: $479,799
- 1 year home value change: +10.4%
- 10 year home value change: +22.7%
- #1,881 most expensive city nationwide

- Pictured: 7607 Ocean Dr, Emerald Isle ($3.9 million, 12 bedrooms)
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#15. Southern Shores

- Typical home value: $503,527
- 1 year home value change: +4.8%
- 10 year home value change: +14.7%
- #1,699 most expensive city nationwide

- Pictured: 228 Ocean Blvd, Southern Shores ($3.5 million, 7 bedrooms)
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#14. Holden Beach

- Typical home value: $522,306
- 1 year home value change: +8.6%
- 10 year home value change: +23.6%
- #1,552 most expensive city nationwide

- Pictured: 1355 Ocean Blvd W, Holden Beach ($4.0 million, 16 bedrooms)
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#13. Waves

- Typical home value: $528,397
- 1 year home value change: +0.1%
- 10 year home value change: -1.6%
- #1,504 most expensive city nationwide

- Pictured: 25286 Sea Vista Dr, Waves ($1.0 million, 6 bedrooms)
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#12. Duck

- Typical home value: $550,281
- 1 year home value change: +9.2%
- 10 year home value change: +22.0%
- #1,344 most expensive city nationwide

- Pictured: 119 Osprey Ridge Rd, Duck ($3.5 million, 7 bedrooms)
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#11. Highlands

- Typical home value: $564,426
- 1 year home value change: +14.5%
- 10 year home value change: +25.1%
- #1,267 most expensive city nationwide

- Pictured: 165 Silent Indian Ln, Highlands ($4.5 million, 3 bedrooms)
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#10. Corolla

- Typical home value: $564,947
- 1 year home value change: +0.9%
- 10 year home value change: +2.2%
- #1,263 most expensive city nationwide

- Pictured: 1459 Ocean Pearl Rd, Corolla ($7.4 million, 46 bedrooms)
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#9. Weddington

- Typical home value: $598,053
- 1 year home value change: +7.5%
- 10 year home value change: +43.0%
- #1,102 most expensive city nationwide

- Pictured: 6014 Hathaway Ln, Waxhaw ($3.0 million, 7 bedrooms)
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#8. Topsail Beach

- Typical home value: $603,067
- 1 year home value change: +4.0%
- 10 year home value change: +27.3%
- #1,085 most expensive city nationwide

- Pictured: 972 Gaye Ave, Topsail Beach ($3.5 million, 8 bedrooms)
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#7. Terrell

- Typical home value: $631,072
- 1 year home value change: +15.0%
- 10 year home value change: +46.4%
- #980 most expensive city nationwide

- Pictured: 9244 Legrand Dr, Terrell ($2.0 million, 4 bedrooms)
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#6. Cashiers

- Typical home value: $638,119
- 1 year home value change: +8.1%
- 10 year home value change: +16.3%
- #959 most expensive city nationwide

- Pictured: 1090 Zeb Alley Rd, Cashiers ($6.5 million, 4 bedrooms)
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#5. Marvin

- Typical home value: $755,192
- 1 year home value change: +2.2%
- 10 year home value change: +36.2%
- #630 most expensive city nationwide

- Pictured: 9800 Sedgefield Dr, Marvin ($2.3 million, 6 bedrooms)
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#4. Bald Head Island

- Typical home value: $783,407
- 1 year home value change: +5.3%
- 10 year home value change: +6.7%
- #571 most expensive city nationwide

- Pictured: 704 Shoals Watch Way, Bald Head Island ($6.3 million, 7 bedrooms)
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#3. Grandfather

- Typical home value: $798,702
- 1 year home value change: +7.5%
- 10 year home value change: +data not available
- #530 most expensive city nationwide

- Pictured: 315 Dutch Creek Ext, Banner Elk ($7.3 million, 4 bedrooms)
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#2. Wrightsville Beach

- Typical home value: $1.0 million
- 1 year home value change: +7.4%
- 10 year home value change: +23.0%
- #316 most expensive city nationwide

- Pictured: 1 Auditorium Cir, Wrightsville Beach ($16.5 million, 4 bedrooms)
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#1. Biltmore Forest

- Typical home value: $1.1 million
- 1 year home value change: +8.0%
- 10 year home value change: +32.0%
- #241 most expensive city nationwide

- Pictured: 9 Brooklawn Chase, Asheville ($6.8 million, 5 bedrooms)

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