Wanchese, NC—27981
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Wanchese, NC
As of Oct '25, the median home price in Wanchese, NC is $360,000, with a year-over-year change of -4.9%. This indicates that home prices in Wanchese, NC are decreasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $360,000 | -4.9% |
| Single Family | $360,000 | -4.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $301,000 | -4.7% |
3 Bed | $361,000 | -4.7% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Wanchese, NC
Wanchese, NC lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Wanchese, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Wanchese, NC is 48. This is a decrease of -75.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $508,000 | -37.0% |
Listing Count | 3 | 233.0% |
| Listings as % of Homes | 0.3% | 233.0% |
Days on Market | 48 | -75.0% |
Demographics — Wanchese, NC
As of the latest ACS Survey released in 2023, Wanchese, NC has a population of 1,800, which has decreased by -1.6% over the past 5 years. Wanchese, NC is a popular place for families, as children make up 26.5% of the population. The area has a moderately educated workforce, with 29.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,800 | -1.6% |
% Under 18 | 26.5% | -0.4% |
% Seniors | 17.8% | 7.2% |
% WFH | 4.2% | 133.3% |
% w/ College Degree | 29.2% | 55.3% |
As of the latest ACS Survey released in 2023, Wanchese, NC is a predominantly white area, with 97.5% of the population identifying as white. The white population has grown by 21.7% in the last 5 years. The second most common race or ethnicity in Wanchese, NC is black, making up 0.2% of the population. Foreign-born residents account for 0.8% of the population in Wanchese, NC, and this percentage has decreased by 88.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 97.5% | 21.7% |
% Black | 0.2% | ∞% |
% Hispanic | 0.1% | -99.5% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.8% | -88.6% |
Mortgage and Risk — Wanchese, NC
According to HUD data as of 2023, there were 21 mortgage originations in Wanchese, NC, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 48.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Wanchese, NC. Investor activity is low, as 10.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 21 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 10.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Wanchese, NC
Wanchese, 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 | $1,260 |
| 2 Bedroom | N/A | N/A | $1,400 |
| 3 Bedroom | N/A | N/A | $1,860 |
| 4 Bedroom | N/A | N/A | $1,910 |
Affordability — Wanchese, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.7 |
| Median Home Price | $360,000 |
| Median Household Income | $73,500 |