Market Overview
Home Prices in Elizabeth City, NC
The median home value in Elizabeth City, NC is $270,998 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.3% compared to a year ago and up 4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Elizabeth City are priced34% below average. Elizabeth City is part of the Elizabeth City, NC metro area.
Over the past five years, Elizabeth City home values have risen by approximately36.1%, reflecting strong long-term appreciation in this market.
Price History
Elizabeth City Home Price Trend
City Comparison
Elizabeth City vs. National Median
At $270,998, homes in Elizabeth City cost 34% below the national median of $410,000. This makes Elizabeth City a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Elizabeth City?
20% Down Payment
$54,200
on $270,998
Monthly P&I
$1,413/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,795/mo
incl. taxes & insurance
Income Needed
$71,800
gross annual (30% rule)
10% Down Option
$27,100
+ PMI applies
Loan Amount (20% dn)
$216,798
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 Elizabeth City, NC?
The median home value in Elizabeth City is $270,998 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.3% year-over-year.
How much have home prices changed in Elizabeth City?
Over the past year, home values in Elizabeth City have increased by 1.3%. Over five years, prices have risen approximately 36.1%.
How much do I need to earn to buy a home in Elizabeth City?
To comfortably afford the median home price of $270,998 with a 20% down payment ($54,200) at today's rates (6.8%), you'd need a gross annual income of approximately $71,800. This assumes keeping total housing costs at or below 30% of gross income.
How does Elizabeth City compare to the national average home price?
The national median home value is approximately $410,000. At $270,998, homes in Elizabeth City are 34% below the national average.
What metro area is Elizabeth City part of?
Elizabeth City is part of the Elizabeth City, NC metropolitan area. Home prices and market conditions can vary across the broader metro region.