Walnut Island, NC—27939
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Walnut Island, NC
As of Oct '25, the median home price in Walnut Island, NC is $384,000, with a year-over-year change of 1.5%. This indicates that home prices in Walnut Island, NC are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $384,000 | 1.5% |
| Single Family | $385,000 | 1.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $276,000 | 0.0% |
3 Bed | $386,000 | 1.0% |
4 Bed | $470,000 | -0.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Walnut Island, NC
As of July '25, Rentcast reports the average rent in Walnut Island, NC is $3,800, with a year-over-year rent change of 40.2%. Per bedroom, the median rent as of July '25 in Walnut Island, NC is 3-bedrooms: $3,800. The most common rental property sizes in Walnut Island, NC are 3-bedroom and 2-bedroom, accounting for 58.0% and 33.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,800 | $3,800 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $3,800 | $3,800 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Walnut Island, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Walnut Island, NC is 78. This is a decrease of -39.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $445,000 | 2.0% |
Listing Count | 44 | 81.0% |
| Listings as % of Homes | 1.2% | 81.0% |
Days on Market | 78 | -39.0% |
Demographics — Walnut Island, NC
As of the latest ACS Survey released in 2023, Walnut Island, NC has a population of 2,420, which has decreased by -4.9% over the past 5 years. Walnut Island, NC is a moderately popular place for families, as children make up 17.6% of the population. The area has a poorly educated workforce, with 21.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,420 | -4.9% |
% Under 18 | 17.6% | -29.3% |
% Seniors | 22.6% | 27.0% |
% WFH | 5.6% | -9.7% |
% w/ College Degree | 21.0% | 7.1% |
As of the latest ACS Survey released in 2023, Walnut Island, NC is a predominantly white area, with 87.0% of the population identifying as white. The white population has shrunk by 4.7% in the last 5 years. The second most common race or ethnicity in Walnut Island, NC is hispanic, making up 5.1% of the population. Foreign-born residents account for 2.8% of the population in Walnut Island, NC, and this percentage has increased by 154.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 87.0% | -4.7% |
% Black | 3.9% | -11.4% |
% Hispanic | 5.1% | 54.5% |
% Asian | 1.6% | ∞% |
% Foreign Born | 2.8% | 154.5% |
Mortgage and Risk — Walnut Island, NC
According to HUD data as of 2023, there were 159 mortgage originations in Walnut Island, NC, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Walnut Island, NC. Investor activity is low, as 3.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 159 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 3.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Walnut Island, NC
Walnut Island, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 19 |
Total Units Section 8 | 16 |
% Rentals under Section 8 | 5.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,390 |
| 2 Bedroom | N/A | N/A | $1,590 |
| 3 Bedroom | -$1,590 | $3,800 | $2,210 |
| 4 Bedroom | N/A | N/A | $2,630 |
Affordability — Walnut Island, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.4 |
| Median Home Price | $384,000 |
| Median Household Income | $63,200 |