Market Overview
Home Prices in Morehead City, NC
The median home value in Morehead City, NC is $419,524 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.1% compared to a year ago and up 0.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Morehead City are priced2% above average. Morehead City is part of the Morehead City, NC metro area.
Over the past five years, Morehead City home values have risen by approximately33.2%, reflecting strong long-term appreciation in this market.
Price History
Morehead City Home Price Trend
City Comparison
Morehead City vs. National Median
At $419,524, homes in Morehead City cost 2% above the national median of $410,000. Buyers in Morehead City should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Morehead City?
20% Down Payment
$83,905
on $419,524
Monthly P&I
$2,188/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,779/mo
incl. taxes & insurance
Income Needed
$111,160
gross annual (30% rule)
10% Down Option
$41,952
+ PMI applies
Loan Amount (20% dn)
$335,619
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 Morehead City, NC?
The median home value in Morehead City is $419,524 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.1% year-over-year.
How much have home prices changed in Morehead City?
Over the past year, home values in Morehead City have increased by 1.1%. Over five years, prices have risen approximately 33.2%.
How much do I need to earn to buy a home in Morehead City?
To comfortably afford the median home price of $419,524 with a 20% down payment ($83,905) at today's rates (6.8%), you'd need a gross annual income of approximately $111,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Morehead City compare to the national average home price?
The national median home value is approximately $410,000. At $419,524, homes in Morehead City are 2% above the national average.
What metro area is Morehead City part of?
Morehead City is part of the Morehead City, NC metropolitan area. Home prices and market conditions can vary across the broader metro region.