Manteo, NC—27954
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Manteo, NC
As of Oct '25, the median home price in Manteo, NC is $516,000, with a year-over-year change of -2.0%. This indicates that home prices in Manteo, NC are decreasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $516,000 | -2.0% |
| Single Family | $510,000 | -2.7% |
| Condos | $537,000 | -1.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $339,000 | 0.0% |
2 Bed | $386,000 | -3.3% |
3 Bed | $493,000 | -2.4% |
4 Bed | $728,000 | -1.0% |
| 5 Bed | $1,017,000 | -1.9% |
% of Housing Stock
Rental Trends — Manteo, NC
As of July '25, Rentcast reports the average rent in Manteo, NC is $2,320, with a year-over-year rent change of -1.7%. Per bedroom, the median rent as of July '25 in Manteo, NC is 2-bedrooms: $2,000, 3-bedrooms: $2,490. The most common rental property sizes in Manteo, NC are 2-bedroom and 3-bedroom, accounting for 43.9% and 37.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,380 | $2,320 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,000 | $2,000 |
| 3 Bed Rent | $2,380 | $2,490 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Manteo, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Manteo, NC is 60. This is a decrease of -2.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $592,000 | 9.0% |
Listing Count | 51 | 1.0% |
| Listings as % of Homes | 1.1% | 1.0% |
Days on Market | 60 | -2.0% |
Demographics — Manteo, NC
As of the latest ACS Survey released in 2023, Manteo, NC has a population of 7,080, which has decreased by -4.2% over the past 5 years. Manteo, NC is a moderately popular place for families, as children make up 24.6% of the population. The area has a moderately educated workforce, with 38.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,080 | -4.2% |
% Under 18 | 24.6% | 18.3% |
% Seniors | 24.6% | 35.9% |
% WFH | 9.7% | 83.0% |
% w/ College Degree | 38.7% | 29.0% |
As of the latest ACS Survey released in 2023, Manteo, NC is a predominantly white area, with 76.0% of the population identifying as white. The white population has shrunk by 1.6% in the last 5 years. The second most common race or ethnicity in Manteo, NC is black, making up 13.0% of the population. Foreign-born residents account for 6.2% of the population in Manteo, NC, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 76.0% | -1.6% |
% Black | 13.0% | 120.3% |
% Hispanic | 8.5% | -16.7% |
% Asian | 0.4% | -78.9% |
% Foreign Born | 6.2% | 0.0% |
Mortgage and Risk — Manteo, NC
According to HUD data as of 2023, there were 178 mortgage originations in Manteo, NC, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 48.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Manteo, NC. Investor activity is low, as 1.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 178 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 1.0% |
% Second Loans | 17.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Manteo, NC
Manteo, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 19 |
Total Units Section 8 | 19 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 96.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,260 |
| 2 Bedroom | -$600 | $2,000 | $1,400 |
| 3 Bedroom | -$520 | $2,380 | $1,860 |
| 4 Bedroom | N/A | N/A | $1,910 |
Affordability — Manteo, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.3 |
| Median Home Price | $516,000 |
| Median Household Income | $78,300 |