Market Overview
Home Prices in Knotts Island, NC
The median home value in Knotts Island, NC is $412,309 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.2% compared to a year ago and up 2.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Knotts Island are priced1% above average. Knotts Island is part of the Virginia Beach-Norfolk-Newport News, VA-NC metro area.
Over the past five years, Knotts Island home values have risen by approximately29.3%, reflecting strong long-term appreciation in this market.
Price History
Knotts Island Home Price Trend
City Comparison
Knotts Island vs. National Median
At $412,309, homes in Knotts Island cost 1% above the national median of $410,000. Buyers in Knotts Island should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Knotts Island?
20% Down Payment
$82,462
on $412,309
Monthly P&I
$2,150/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,731/mo
incl. taxes & insurance
Income Needed
$109,240
gross annual (30% rule)
10% Down Option
$41,231
+ PMI applies
Loan Amount (20% dn)
$329,847
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 Knotts Island, NC?
The median home value in Knotts Island is $412,309 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.2% year-over-year.
How much have home prices changed in Knotts Island?
Over the past year, home values in Knotts Island have decreased by 0.2%. Over five years, prices have risen approximately 29.3%.
How much do I need to earn to buy a home in Knotts Island?
To comfortably afford the median home price of $412,309 with a 20% down payment ($82,462) at today's rates (6.8%), you'd need a gross annual income of approximately $109,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Knotts Island compare to the national average home price?
The national median home value is approximately $410,000. At $412,309, homes in Knotts Island are 1% above the national average.
What metro area is Knotts Island part of?
Knotts Island is part of the Virginia Beach-Norfolk-Newport News, VA-NC metropolitan area. Home prices and market conditions can vary across the broader metro region.