Carolina Beach, NC—28428
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Carolina Beach, NC
As of Oct '25, the median home price in Carolina Beach, NC is $589,000, with a year-over-year change of -3.7%. This indicates that home prices in Carolina Beach, NC are decreasing. According to Zillow, the 1-year price projection is 2.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $589,000 | -3.7% |
| Single Family | $668,000 | -3.9% |
| Condos | $509,000 | -4.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $345,000 | -7.8% |
2 Bed | $489,000 | -5.0% |
3 Bed | $654,000 | -3.7% |
4 Bed | $845,000 | -4.6% |
| 5 Bed | $1,055,000 | -5.1% |
% of Housing Stock
Rental Trends — Carolina Beach, NC
As of July '25, Rentcast reports the average rent in Carolina Beach, NC is $2,780, with a year-over-year rent change of 4.9%. Per bedroom, the median rent as of July '25 in Carolina Beach, NC is studios: $1,500, 1-bedrooms: $1,650, 2-bedrooms: $2,140, 3-bedrooms: $3,000, 4-bedrooms: $3,620. The most common rental property sizes in Carolina Beach, NC are 2-bedroom and 3-bedroom, accounting for 40.9% and 31.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,720 | $2,780 |
| Studio Rent | $1,500 | $1,500 |
| 1 Bed Rent | $1,800 | $1,650 |
| 2 Bed Rent | $2,220 | $2,140 |
| 3 Bed Rent | $2,820 | $3,000 |
| 4 Bed Rent | $3,480 | $3,620 |
% of Rental Stock
Property Listings — Carolina Beach, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Carolina Beach, NC is 81. This is a increase of 5.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $675,000 | -7.0% |
Listing Count | 249 | 36.0% |
| Listings as % of Homes | 2.1% | 36.0% |
Days on Market | 81 | 5.0% |
Demographics — Carolina Beach, NC
As of the latest ACS Survey released in 2023, Carolina Beach, NC has a population of 7,030, which has increased by 7.7% over the past 5 years. Carolina Beach, NC is a less popular place for families, as children make up 14.5% of the population. The area has a highly educated workforce, with 47.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,030 | 7.7% |
% Under 18 | 14.5% | -9.9% |
% Seniors | 21.0% | 15.4% |
% WFH | 17.2% | 63.8% |
% w/ College Degree | 47.6% | 3.3% |
As of the latest ACS Survey released in 2023, Carolina Beach, NC is a predominantly white area, with 89.4% of the population identifying as white. The white population has shrunk by 5.0% in the last 5 years. The second most common race or ethnicity in Carolina Beach, NC is hispanic, making up 5.8% of the population. Foreign-born residents account for 4.5% of the population in Carolina Beach, NC, and this percentage has increased by 221.4% 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 | 89.4% | -5.0% |
% Black | 0.0% | -100.0% |
% Hispanic | 5.8% | 205.3% |
% Asian | 0.6% | 50.0% |
% Foreign Born | 4.5% | 221.4% |
Mortgage and Risk — Carolina Beach, NC
According to HUD data as of 2023, there were 287 mortgage originations in Carolina Beach, NC, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 9.0% above 90% LTV (normal). This implies small mortgage risk in Carolina Beach, NC. Investor activity is low, as 9.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 287 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 9.0% |
% Second Loans | 28.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Carolina Beach, NC
As of 2024, the percent of homes in Carolina Beach, NC under the Section 8 program is 0.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Carolina Beach, NC, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | 0.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$290 | $1,800 | $1,510 |
| 2 Bedroom | -$550 | $2,220 | $1,670 |
| 3 Bedroom | -$610 | $2,820 | $2,210 |
| 4 Bedroom | -$850 | $3,480 | $2,630 |
Affordability — Carolina Beach, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.7 |
| Median Home Price | $589,000 |
| Median Household Income | $87,700 |