Market Overview
Home Prices in Cape Carteret, NC
The median home value in Cape Carteret, NC is $465,020 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.9% compared to a year ago and up 1.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Cape Carteret are priced13% above average. Cape Carteret is part of the Morehead City, NC metro area.
Over the past five years, Cape Carteret home values have risen by approximately32.2%, reflecting strong long-term appreciation in this market.
Price History
Cape Carteret Home Price Trend
City Comparison
Cape Carteret vs. National Median
At $465,020, homes in Cape Carteret cost 13% above the national median of $410,000. Buyers in Cape Carteret should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Cape Carteret?
20% Down Payment
$93,004
on $465,020
Monthly P&I
$2,425/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,080/mo
incl. taxes & insurance
Income Needed
$123,200
gross annual (30% rule)
10% Down Option
$46,502
+ PMI applies
Loan Amount (20% dn)
$372,016
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Cape Carteret, NC?
The median home value in Cape Carteret is $465,020 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.9% year-over-year.
How much have home prices changed in Cape Carteret?
Over the past year, home values in Cape Carteret have increased by 0.9%. Over five years, prices have risen approximately 32.2%.
How much do I need to earn to buy a home in Cape Carteret?
To comfortably afford the median home price of $465,020 with a 20% down payment ($93,004) at today's rates (6.8%), you'd need a gross annual income of approximately $123,200. This assumes keeping total housing costs at or below 30% of gross income.
How does Cape Carteret compare to the national average home price?
The national median home value is approximately $410,000. At $465,020, homes in Cape Carteret are 13% above the national average.
What metro area is Cape Carteret part of?
Cape Carteret is part of the Morehead City, NC metropolitan area. Home prices and market conditions can vary across the broader metro region.