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Affordable
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These days, finding an affordable place to live in the Morehead City area can be challenging. Home prices in Morehead City are now at a median cost of $346,868, higher than the North Carolina average of $323,314.
The average cost of rent is $1,261/mo in Morehead City, primarily driven by the current value of real estate in the Morehead City area. In Morehead City, 37.15% of households rent, and 45.50% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Morehead City is $6,196 per month. Households that rent pay about 20.36% of their income on rent here. Morehead City’s most expensive areas are in the southwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Mansfield, NC: equally priced homes
- Atlantic Beach, NC: higher priced homes
- Mill Creek, NC: less expensive homes
- Pine Knoll Shores, NC: higher priced homes
- Beaufort, NC: equally priced homes
- Newport, NC: less expensive homes
- Indian Beach, NC: higher priced homes
- Salter Path, NC: higher priced homes
- Bettie, NC: less expensive homes
- Harlowe, NC: less expensive homes
Cities with Similar Populations
- Kenmore, NY: less expensive homes
- Shawano, WI: less expensive homes
- Sharonville, OH: less expensive homes
- Seven Oaks, SC: less expensive homes
- Seven Corners, VA: higher priced homes
- Kingston, MA: higher priced homes
- Killen, AL: less expensive homes
- Key Largo, FL: higher priced homes
- Key Biscayne, FL: higher priced homes
- Kewanee, IL: less expensive homes
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