Morehead City housing market
Typical home value
$470K
▲ 3.0% 1 yr
Typical rent
$1,827/mo
▲ 2.4% 1 yr
12-month forecast
+1.2%
#377 of 546 metros
Gross rent yield
4.7%
#454 of 546 · U.S. 6.3%
Days to pending
79 days
▼ −1 day 1 yr
Listings with a price cut
23%
▼ −1.8 pts 1 yr
Key takeaways
- 1The typical home is worth $469,785, up 3.0% in a year and up 30% over five years.
- 2Zillow forecasts home values rising 1.2% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,827/mo (+2.4% YoY), a 4.7% gross yield, below the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $2,582/mo in principal and interest, $755 more than renting.
- 5Homes go under contract in 79 days (−1 day vs last year); 23% of listings have had a price cut.
Market temperature
Neutral market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 48/100, #175 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 Morehead City compares
| Measure | Morehead City | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +3.0% | +1.2% | #209 |
| Home value, 5-yr change | +30.3% | +19.7% | |
| 12-month forecast | +1.2% | +1.1% | #377 |
| Rent, 1-yr change | +2.4% | +2.7% | #366 |
| Gross rent yield | 4.7% | 6.3% | #454 |
| Price-to-rent ratio | 21.4 | 15.8 | |
| Mortgage P&I on typical home | $2,582 | $2,012 | |
| Days to pending | 79 | 56 |
Run the numbers
Rental property calculator
Cash flow on a typical Morehead City rental ($470K, $1,827/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Morehead City home.
Rent vs buy
Is it cheaper to rent or buy in Morehead 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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Greensboro, NC
$261K home$1,406 rent6.5% yield
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Winston, NC
$278K home$1,529 rent6.6% yield
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Durham, NC
$402K home$1,640 rent4.9% yield
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Fayetteville, NC
$254K home$1,454 rent6.9% yield
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Asheville, NC
$416K home$1,702 rent4.9% yield
▼ 3.3% 1 yr
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.