Harkers Island, NC—28531
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Harkers Island, NC
As of Oct '25, the median home price in Harkers Island, NC is $395,000, with a year-over-year change of 2.9%. This indicates that home prices in Harkers Island, NC are increasing. According to Zillow, the 1-year price projection is 3.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $395,000 | 2.9% |
| Single Family | $395,000 | 3.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $305,000 | 3.4% |
3 Bed | $424,000 | 3.2% |
4 Bed | $677,000 | 2.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Harkers Island, NC
As of July '25, Rentcast reports the average rent in Harkers Island, NC is $1,800, with a year-over-year rent change of -14.3%. Per bedroom, the median rent as of July '25 in Harkers Island, NC is 4-bedrooms: $1,800. The most common rental property sizes in Harkers Island, NC are 3-bedroom and studio, accounting for 88.4% and 11.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,800 |
| 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 | $1,800 | $1,800 |
% of Rental Stock
Property Listings — Harkers Island, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Harkers Island, NC is 57. This is a increase of 19.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $410,000 | -39.0% |
Listing Count | 11 | 38.0% |
| Listings as % of Homes | 0.8% | 38.0% |
Days on Market | 57 | 19.0% |
Demographics — Harkers Island, NC
As of the latest ACS Survey released in 2023, Harkers Island, NC has a population of 1,080, which has decreased by -20.6% over the past 5 years. Harkers Island, NC is a less popular place for families, as children make up 12.7% of the population. The area has a poorly educated workforce, with 23.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,080 | -20.6% |
% Under 18 | 12.7% | -20.1% |
% Seniors | 32.3% | -0.6% |
% WFH | 5.4% | 12.5% |
% w/ College Degree | 23.2% | 16.0% |
As of the latest ACS Survey released in 2023, Harkers Island, NC is a predominantly white area, with 95.3% of the population identifying as white. The white population has shrunk by 0.2% in the last 5 years. The second most common race or ethnicity in Harkers Island, NC is black, making up 3.7% of the population. Foreign-born residents account for 0.0% of the population in Harkers Island, NC, and this percentage has decreased by 100.0% 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 | 95.3% | -0.2% |
% Black | 3.7% | 362.5% |
% Hispanic | 0.0% | -100.0% |
% Asian | 0.7% | ∞% |
% Foreign Born | 0.0% | -100.0% |
Mortgage and Risk — Harkers Island, NC
According to HUD data as of 2023, there were 31 mortgage originations in Harkers Island, NC, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 47.0%, with 6.0% above 90% LTV (normal). This implies small mortgage risk in Harkers Island, NC. Investor activity is low, as 3.0% of loans were by investors. 26.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 31 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 3.0% |
% Second Loans | 26.0% |
% Cash Out Refinance | 26.0% |
Loan Activity
Rentals and Section 8 — Harkers Island, NC
Harkers Island, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% 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 | $1,010 |
| 2 Bedroom | N/A | N/A | $1,320 |
| 3 Bedroom | N/A | N/A | $1,720 |
| 4 Bedroom | $370 | $1,800 | $2,170 |
Affordability — Harkers Island, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.7 |
| Median Home Price | $395,000 |
| Median Household Income | $58,800 |