Market Overview
Home Prices in Wanchese, NC
The median home value in Wanchese, NC is $367,584 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.7% compared to a year ago and down 4.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Wanchese are priced10% below average. Wanchese is part of the Kill Devil Hills, NC metro area.
Over the past five years, Wanchese home values have risen by approximately31.7%, reflecting strong long-term appreciation in this market.
Price History
Wanchese Home Price Trend
City Comparison
Wanchese vs. National Median
At $367,584, homes in Wanchese cost 10% below the national median of $410,000. This makes Wanchese a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Wanchese?
20% Down Payment
$73,517
on $367,584
Monthly P&I
$1,917/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,435/mo
incl. taxes & insurance
Income Needed
$97,400
gross annual (30% rule)
10% Down Option
$36,758
+ PMI applies
Loan Amount (20% dn)
$294,067
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 Wanchese, NC?
The median home value in Wanchese is $367,584 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.7% year-over-year.
How much have home prices changed in Wanchese?
Over the past year, home values in Wanchese have increased by 0.7%. Over five years, prices have risen approximately 31.7%.
How much do I need to earn to buy a home in Wanchese?
To comfortably afford the median home price of $367,584 with a 20% down payment ($73,517) at today's rates (6.8%), you'd need a gross annual income of approximately $97,400. This assumes keeping total housing costs at or below 30% of gross income.
How does Wanchese compare to the national average home price?
The national median home value is approximately $410,000. At $367,584, homes in Wanchese are 10% below the national average.
What metro area is Wanchese part of?
Wanchese is part of the Kill Devil Hills, NC metropolitan area. Home prices and market conditions can vary across the broader metro region.