Elizabeth City housing market
Typical home value
$268K
▲ 2.4% 1 yr
Typical rent
$1,459/mo
▲ 3.4% 1 yr
12-month forecast
+2.3%
#236 of 546 metros
Gross rent yield
6.5%
#185 of 546 · U.S. 6.3%
Days to pending
52 days
▼ −4 days 1 yr
Listings with a price cut
25%
▼ −1.4 pts 1 yr
Key takeaways
- 1The typical home is worth $268,391, up 2.4% in a year and up 32% over five years.
- 2Zillow forecasts home values rising 2.3% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,459/mo (+3.4% YoY), a 6.5% gross yield, above the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $1,475/mo in principal and interest, $16 more than renting.
- 5Homes go under contract in 52 days (−4 days vs last year); 25% of listings have had a price cut.
Market temperature
Neutral market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 48/100, #177 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
How fast homes are selling
For saleNew listings
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Elizabeth City compares
| Measure | Elizabeth City | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +2.4% | +1.2% | #257 |
| Home value, 5-yr change | +32.4% | +19.7% | |
| 12-month forecast | +2.3% | +1.1% | #236 |
| Rent, 1-yr change | +3.4% | +2.7% | #263 |
| Gross rent yield | 6.5% | 6.3% | #185 |
| Price-to-rent ratio | 15.3 | 15.8 | |
| Mortgage P&I on typical home | $1,475 | $2,012 | |
| Days to pending | 52 | 56 |
Cities in the Elizabeth City metro
1 cities with home value and rent data.
| Elizabeth City | $264K | ▲ 1.2% | $1,457 | ▲ 3.5% | 6.6% |
Run the numbers
Rental property calculator
Cash flow on a typical Elizabeth City rental ($268K, $1,459/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Elizabeth City home.
Rent vs buy
Is it cheaper to rent or buy in Elizabeth City?
Renting out a property in North Carolina? See deposit limits, late fee rules and notice periods.
Other North Carolina metros
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Winston, NC
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Durham, NC
$402K home$1,640 rent4.9% yield
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Fayetteville, NC
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Asheville, NC
$416K home$1,702 rent4.9% yield
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Hickory, NC
$267K home$1,595 rent7.2% yield
▲ 1.7% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.