Ocean Isle Beach, NC—28469
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ocean Isle Beach, NC
As of Oct '25, the median home price in Ocean Isle Beach, NC is $536,000, with a year-over-year change of 1.4%. This indicates that home prices in Ocean Isle Beach, NC are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $536,000 | 1.4% |
| Single Family | $567,000 | 1.6% |
| Condos | $447,000 | -2.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $271,000 | -3.6% |
2 Bed | $321,000 | -2.7% |
3 Bed | $441,000 | 0.5% |
4 Bed | $774,000 | 0.8% |
| 5 Bed | $1,303,000 | 5.3% |
% of Housing Stock
Rental Trends — Ocean Isle Beach, NC
As of July '25, Rentcast reports the average rent in Ocean Isle Beach, NC is $2,000, with a year-over-year rent change of 8.7%. Per bedroom, the median rent as of July '25 in Ocean Isle Beach, NC is 1-bedrooms: $1,520, 2-bedrooms: $1,830, 3-bedrooms: $2,020, 4-bedrooms: $2,800. The most common rental property sizes in Ocean Isle Beach, NC are 2-bedroom and 3-bedroom, accounting for 55.9% and 36.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,950 | $2,000 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,150 | $1,520 |
| 2 Bed Rent | $1,650 | $1,830 |
| 3 Bed Rent | $1,980 | $2,020 |
| 4 Bed Rent | $2,600 | $2,800 |
% of Rental Stock
Property Listings — Ocean Isle Beach, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Ocean Isle Beach, NC is 62. This is a decrease of -16.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $541,000 | -5.0% |
Listing Count | 337 | 40.0% |
| Listings as % of Homes | 1.7% | 40.0% |
Days on Market | 62 | -16.0% |
Demographics — Ocean Isle Beach, NC
As of the latest ACS Survey released in 2023, Ocean Isle Beach, NC has a population of 9,360, which has increased by 52.8% over the past 5 years. Ocean Isle Beach, NC is a less popular place for families, as children make up 9.2% of the population. The area has a moderately educated workforce, with 39.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,360 | 52.8% |
% Under 18 | 9.2% | -14.8% |
% Seniors | 41.9% | -1.4% |
% WFH | 17.4% | 145.1% |
% w/ College Degree | 39.5% | 1.5% |
As of the latest ACS Survey released in 2023, Ocean Isle Beach, NC is a predominantly white area, with 91.7% of the population identifying as white. The white population has grown by 1.7% in the last 5 years. The second most common race or ethnicity in Ocean Isle Beach, NC is hispanic, making up 4.0% of the population. Foreign-born residents account for 4.0% of the population in Ocean Isle Beach, NC, and this percentage has decreased by 13.0% 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 | 91.7% | 1.7% |
% Black | 2.7% | -22.9% |
% Hispanic | 4.0% | -25.9% |
% Asian | 0.8% | 100.0% |
% Foreign Born | 4.0% | -13.0% |
Mortgage and Risk — Ocean Isle Beach, NC
According to HUD data as of 2023, there were 824 mortgage originations in Ocean Isle Beach, NC, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Ocean Isle Beach, NC. Investor activity is low, as 4.0% 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 | 824 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 4.0% |
% Second Loans | 32.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Ocean Isle Beach, NC
As of 2024, the percent of homes in Ocean Isle Beach, NC under the Section 8 program is 5.2%. 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 Ocean Isle 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 | 31 |
Total Units Section 8 | 31 |
% Rentals under Section 8 | 5.2% |
% Occupied Section 8 | 66.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$170 | $1,150 | $980 |
| 2 Bedroom | -$560 | $1,650 | $1,090 |
| 3 Bedroom | -$450 | $1,980 | $1,530 |
| 4 Bedroom | -$770 | $2,600 | $1,830 |
Affordability — Ocean Isle Beach, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.7 |
| Median Home Price | $536,000 |
| Median Household Income | $87,300 |