Southern Shores, NC—27949
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Southern Shores, NC
As of Oct '25, the median home price in Southern Shores, NC is $766,000, with a year-over-year change of -0.7%. This indicates that home prices in Southern Shores, NC are flat. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $766,000 | -0.7% |
| Single Family | $805,000 | -0.7% |
| Condos | $395,000 | 0.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $388,000 | 2.4% |
2 Bed | $384,000 | -0.5% |
3 Bed | $622,000 | -1.1% |
4 Bed | $810,000 | -0.5% |
| 5 Bed | $1,217,000 | -0.5% |
% of Housing Stock
Rental Trends — Southern Shores, NC
As of July '25, Rentcast reports the average rent in Southern Shores, NC is $2,180, with a year-over-year rent change of 28.2%. Per bedroom, the median rent as of July '25 in Southern Shores, NC is 2-bedrooms: $1,350, 3-bedrooms: $3,000. The most common rental property sizes in Southern Shores, NC are 2-bedroom and 3-bedroom, accounting for 39.5% and 22.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,350 | $2,180 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,350 | $1,350 |
| 3 Bed Rent | $3,000 | $3,000 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Southern Shores, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Southern Shores, NC is 74. This is a increase of 29.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $754,000 | -8.0% |
Listing Count | 133 | -3.0% |
| Listings as % of Homes | 1.1% | -3.0% |
Days on Market | 74 | 29.0% |
Demographics — Southern Shores, NC
As of the latest ACS Survey released in 2023, Southern Shores, NC has a population of 8,090, which has increased by 7.5% over the past 5 years. Southern Shores, NC is a moderately popular place for families, as children make up 16.6% of the population. The area has a highly educated workforce, with 51.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,090 | 7.5% |
% Under 18 | 16.6% | -7.3% |
% Seniors | 28.4% | -0.7% |
% WFH | 21.4% | 107.8% |
% w/ College Degree | 51.6% | 1.2% |
As of the latest ACS Survey released in 2023, Southern Shores, NC is a predominantly white area, with 91.0% 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 Southern Shores, NC is hispanic, making up 2.1% of the population. Foreign-born residents account for 4.7% of the population in Southern Shores, NC, and this percentage has increased by 51.6% 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 | 91.0% | -4.7% |
% Black | 0.0% | -100.0% |
% Hispanic | 2.1% | 133.3% |
% Asian | 0.3% | 0.0% |
% Foreign Born | 4.7% | 51.6% |
Mortgage and Risk — Southern Shores, NC
According to HUD data as of 2023, there were 319 mortgage originations in Southern Shores, NC, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in Southern Shores, NC. Investor activity is low, as 4.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 319 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 4.0% |
% Second Loans | 29.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Southern Shores, NC
Southern Shores, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,490 |
| 2 Bedroom | $310 | $1,350 | $1,660 |
| 3 Bedroom | -$800 | $3,000 | $2,200 |
| 4 Bedroom | N/A | N/A | $2,260 |
Affordability — Southern Shores, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.8 |
| Median Home Price | $766,000 |
| Median Household Income | $109,000 |