Knotts Island, NC 27950 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Knotts Island, NC—27950

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$411,000

0.2% YoY Growth

Household Income

$83,100

41.3% YoY Growth

Days on Market

80.0% Longer YoY

Home Price Forecast

0.7%

Median Rent

$3,500

12.5% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

$3,500

12.5% YoY Growth

Home Price Trends — Knotts Island, NC

As of May '26, the median home price in Knotts Island, NC is $411,000, with a year-over-year change of 0.2%. This indicates that home prices in Knotts Island, NC are flat. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$411,000	0.2%
Single Family	$410,000	0.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Knotts Island, NC

As of July '25, Rentcast reports the average rent in Knotts Island, NC is $3,500, with a year-over-year rent change of -12.5%. Per bedroom, the median rent as of July '25 in Knotts Island, NC is 3-bedrooms: $3,500. The most common rental property sizes in Knotts Island, NC are 2-bedroom and 3-bedroom, accounting for 70.1% and 23.0% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$3,500	$3,500
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	$3,500	$3,500
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

6.9%

2 Bedrooms

70.1%

3 Bedrooms

23.0%

Property Listings — Knotts Island, NC

As of May '26, Realtor.com reports that the median days on market for a home in Knotts Island, NC is 68. This is a increase of 80.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$500,000	-7.0%
Listing Count	16	11.0%
Listings as % of Homes	0.3%	11.0%
Days on Market	68	80.0%

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Demographics — Knotts Island, NC

As of the latest ACS Survey released in 2023, Knotts Island, NC has a population of 1,790, which has decreased by -13.8% over the past 5 years. Knotts Island, NC is a less popular place for families, as children make up 14.0% of the population. The area has a poorly educated workforce, with 24.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	1,790	-13.8%
% Under 18	14.0%	-20.5%
% Seniors	18.2%	32.8%
% WFH	6.0%	-38.1%
% w/ College Degree	24.5%	45.0%

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As of the latest ACS Survey released in 2023, Knotts Island, NC is a predominantly white area, with 96.9% of the population identifying as white. The white population has grown by 0.8% in the last 5 years. The second most common race or ethnicity in Knotts Island, NC is asian, making up 2.0% of the population. Foreign-born residents account for 2.9% of the population in Knotts Island, NC, and this percentage has increased by 81.2% 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	96.9%	0.8%
% Black	0.0%	N/A
% Hispanic	0.3%	-66.7%
% Asian	2.0%	400.0%
% Foreign Born	2.9%	81.2%

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Mortgage and Risk — Knotts Island, NC

According to HUD data as of 2023, there were 36 mortgage originations in Knotts Island, NC, of which 53.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Knotts Island, NC. Investor activity is low, as 0.0% of loans were by investors. 22.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	36
% Conventional Loans	53.0%
% Government Loans	47.0%
% Investor Loans	0.0%
% Second Loans	3.0%
% Cash Out Refinance	22.0%

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Rentals and Section 8 — Knotts Island, NC

Knotts Island, 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	$1,390
2 Bedroom	N/A	N/A	$1,590
3 Bedroom	-$1,290	$3,500	$2,210
4 Bedroom	N/A	N/A	$2,630

Knotts Island, NC—27950

Key Metrics at a Glance

Home Price Trends — Knotts Island, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Knotts Island, NC

% of Rental Stock

Property Listings — Knotts Island, NC

Demographics — Knotts Island, NC

Race and Ethnicity

Mortgage and Risk — Knotts Island, NC

Mortgages

Rentals and Section 8 — Knotts Island, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Knotts Island, NC

Home Price to Income Ratio

Knotts Island, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Virginia Beach, VA

Currituck, NC

Maple, NC

Waterlily, NC

Moyock, NC

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.5
Median Home Price	$411,000
Median Household Income	$83,100

Knotts Island, NC—27950

Key Metrics at a Glance

Home Price Trends — Knotts Island, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Knotts Island, NC

% of Rental Stock

Property Listings — Knotts Island, NC

Demographics — Knotts Island, NC

Race and Ethnicity

Mortgage and Risk — Knotts Island, NC

Mortgages

Rentals and Section 8 — Knotts Island, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Knotts Island, NC

Home Price to Income Ratio

Knotts Island, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Virginia Beach, VA

Currituck, NC

Maple, NC

Waterlily, NC

Moyock, NC

Frequently Asked Questions

What is the average home price in Knotts Island, NC 27950?

How have home prices in Knotts Island, NC 27950 changed over the past year?

What is the home price projection for Knotts Island, NC 27950?

What are the demographics of Knotts Island, NC 27950?

How long does it take homes to sell in Knotts Island, NC 27950?

What is the average rent price in Knotts Island, NC 27950?