Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$597,323+1.0% YoY · prices are rising
Market right nowBuyer's marketMore homes for sale than last year, 15% have cut their price
Income needed to buy, per year$129,487About 1.5× the local median income ($87,321): a stretch for a typical household
Days on market80 daysAbout the same pace as a year ago
The typical home in Dare County, NC is worth $597,323, up 1.0% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $586,631, so the area is 1.8% overvalued. It is a buyer's market: homes take about 80 days to sell, listings are up 18% from a year ago, 15% of listings have had a price cut. A household needs about $129,487 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $87,321. Typical rent is $1,993 a month. In the latest IRS figures, 109 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$597,323
Change in 1 year
+1.0%
Overvalued %
+1.8%
Show 6 more
Fair home value
$586,631
Change in 5 years
+26.2%
Home value to income
6.8×
Monthly mortgage payment (20% down)
$3,237
Income needed to afford it
$129,487
Property tax rate
0.52%
Rent and investing
Typical rent
$1,993
Price-to-rent ratio
25.0×
HUD Fair Market Rent, 2 bedrooms
$1,510
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Gross rental yield
4.00%
Cap rate (estimate)
2.60%
Market activity
Listings vs a year ago
+17.7%
Days on market
80
Listings with a price cut
14.7%
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Homes for sale
579
Pending sales per 100 listings
24
Asking price per sq ft
$383
People and jobs
Median household income
$87,321
Population change (1 year)
+0.0%
Unemployment rate
5.9%
Show 4 more
Population
38,245
Income adjusted for cost of living
$98,779
Net moves in (IRS)
+109
Cost of living (US = 100)
88.4
Schools, risk and environment
School rating (1 to 10)
7.0
FEMA hazard risk score (0 to 100)
89.6
Flood risk score
86.8
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Wildfire risk score
82.7
Walkability (1 to 20)
7.8
Road, rail and air noise
56 dB
Questions people ask
Is Dare County, NC overvalued?
Home prices in Dare County, NC are slightly above what local incomes have historically supported: fair value is about $586,631, so the area is 1.8% overvalued.
Is Dare County, NC a buyer's or seller's market?
Dare County, NC is a buyer's market: homes take about 80 days to sell, listings are up 18% from a year ago, 15% of listings have had a price cut.
Are home prices going down in Dare County, NC?
Home values in Dare County, NC are up 1.0% over the last year.
How much do you need to earn to buy a home in Dare County, NC?
A household needs about $129,487 a year to afford the typical home in Dare County, NC at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $87,321.