Market Overview
Home Prices in Cedar Island, NC
The median home value in Cedar Island, NC is $291,897 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.8% compared to a year ago and down 2.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Cedar Island are priced29% below average. Cedar Island is part of the Morehead City, NC metro area.
Over the past five years, Cedar Island home values have risen by approximately32.8%, reflecting strong long-term appreciation in this market.
Price History
Cedar Island Home Price Trend
City Comparison
Cedar Island vs. National Median
At $291,897, homes in Cedar Island cost 29% below the national median of $410,000. This makes Cedar Island a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Cedar Island?
20% Down Payment
$58,379
on $291,897
Monthly P&I
$1,522/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,933/mo
incl. taxes & insurance
Income Needed
$77,320
gross annual (30% rule)
10% Down Option
$29,190
+ PMI applies
Loan Amount (20% dn)
$233,518
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 Cedar Island, NC?
The median home value in Cedar Island is $291,897 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.8% year-over-year.
How much have home prices changed in Cedar Island?
Over the past year, home values in Cedar Island have increased by 7.8%. Over five years, prices have risen approximately 32.8%.
How much do I need to earn to buy a home in Cedar Island?
To comfortably afford the median home price of $291,897 with a 20% down payment ($58,379) at today's rates (6.8%), you'd need a gross annual income of approximately $77,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Cedar Island compare to the national average home price?
The national median home value is approximately $410,000. At $291,897, homes in Cedar Island are 29% below the national average.
What metro area is Cedar Island part of?
Cedar Island is part of the Morehead City, NC metropolitan area. Home prices and market conditions can vary across the broader metro region.