Market Overview
Home Prices in Oak Island, NC
The median home value in Oak Island, NC is $579,568 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.1% compared to a year ago and down 1.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Oak Island are priced41% above average. Oak Island is part of the Myrtle Beach-Conway-North Myrtle Beach, SC-NC metro area.
Over the past five years, Oak Island home values have risen by approximately43.3%, reflecting strong long-term appreciation in this market.
Price History
Oak Island Home Price Trend
City Comparison
Oak Island vs. National Median
At $579,568, homes in Oak Island cost 41% above the national median of $410,000. Buyers in Oak Island should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Oak Island?
20% Down Payment
$115,914
on $579,568
Monthly P&I
$3,023/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,839/mo
incl. taxes & insurance
Income Needed
$153,560
gross annual (30% rule)
10% Down Option
$57,957
+ PMI applies
Loan Amount (20% dn)
$463,654
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 Oak Island, NC?
The median home value in Oak Island is $579,568 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.1% year-over-year.
How much have home prices changed in Oak Island?
Over the past year, home values in Oak Island have increased by 3.1%. Over five years, prices have risen approximately 43.3%.
How much do I need to earn to buy a home in Oak Island?
To comfortably afford the median home price of $579,568 with a 20% down payment ($115,914) at today's rates (6.8%), you'd need a gross annual income of approximately $153,560. This assumes keeping total housing costs at or below 30% of gross income.
How does Oak Island compare to the national average home price?
The national median home value is approximately $410,000. At $579,568, homes in Oak Island are 41% above the national average.
What metro area is Oak Island part of?
Oak Island is part of the Myrtle Beach-Conway-North Myrtle Beach, SC-NC metropolitan area. Home prices and market conditions can vary across the broader metro region.