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Walnut Island, NC—27939

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$395,000
0.3% YoY Growth
Household Income
$63,200
11.0% YoY Growth
Days on Market
52
26.0% Longer YoY
Home Price Forecast
0.5%
Median Rent
$3,800
40.2% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
$3,800
40.2% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Walnut Island, NC

As of May '26, the median home price in Walnut Island, NC is $395,000, with a year-over-year change of -0.3%. This indicates that home prices in Walnut Island, NC are flat. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$395,000-0.3%
Single Family $397,000-0.3%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$289,0000.3%
    3 Bed
    		$395,000-0.3%
    4 Bed
    		$486,000-1.8%
    5 Bed N/AN/A
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    % of Housing Stock

    1 Bedroom
    10.7%
    2 Bedrooms
    15.9%
    3 Bedrooms
    47.7%
    4 Bedrooms
    24.5%
    5+ Bedrooms
    1.2%

    Rental Trends — Walnut Island, NC

    As of July '25, Rentcast reports the average rent in Walnut Island, NC is $3,800, with a year-over-year rent change of 40.2%. Per bedroom, the median rent as of July '25 in Walnut Island, NC is 3-bedrooms: $3,800. The most common rental property sizes in Walnut Island, NC are 3-bedroom and 2-bedroom, accounting for 58.0% and 33.8% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$3,800$3,800
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent $3,800$3,800
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    2.7%
    2 Bedrooms
    33.8%
    3 Bedrooms
    58.0%
    5+ Bedrooms
    5.5%

    Property Listings — Walnut Island, NC

    As of May '26, Realtor.com reports that the median days on market for a home in Walnut Island, NC is 52. This is a increase of 26.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$460,0001.0%
    Listing Count
    		5252.0%
    Listings as % of Homes1.2%52.0%
    Days on Market
    		5226.0%
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    Demographics — Walnut Island, NC

    As of the latest ACS Survey released in 2023, Walnut Island, NC has a population of 2,420, which has decreased by -4.9% over the past 5 years. Walnut Island, NC is a moderately popular place for families, as children make up 17.6% of the population. The area has a poorly educated workforce, with 21.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.6% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		2,420-4.9%
    % Under 18
    		17.6%-29.3%
    % Seniors
    		22.6%27.0%
    % WFH
    		5.6%-9.7%
    % w/ College Degree
    		21.0%7.1%
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    As of the latest ACS Survey released in 2023, Walnut Island, NC is a predominantly white area, with 87.0% of the population identifying as white. The white population has shrunk by 4.7% in the last 5 years. The second most common race or ethnicity in Walnut Island, NC is hispanic, making up 5.1% of the population. Foreign-born residents account for 2.8% of the population in Walnut Island, NC, and this percentage has increased by 154.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		87.0%-4.7%
    % Black
    		3.9%-11.4%
    % Hispanic
    		5.1%54.5%
    % Asian
    		1.6%∞%
    % Foreign Born
    		2.8%154.5%
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    Mortgage and Risk — Walnut Island, NC

    According to HUD data as of 2023, there were 159 mortgage originations in Walnut Island, NC, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Walnut Island, NC. Investor activity is low, as 3.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		159
    % Conventional Loans
    		76.0%
    % Government Loans
    		24.0%
    % Investor Loans
    		3.0%
    % Second Loans
    		3.0%
    % Cash Out Refinance
    		13.0%
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    Rentals and Section 8 — Walnut Island, NC

    Walnut Island, NC lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		19
    Total Units Section 8
    		16
    % Rentals under Section 8
    		5.5%
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$1,390
    2 BedroomN/AN/A$1,590
    3 Bedroom-$1,590$3,800$2,210
    4 BedroomN/AN/A$2,630

    Affordability — Walnut Island, NC

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio5.6
    Median Home Price$395,000
    Median Household Income$63,200

    Walnut Island, NC — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Poplar Branch, NC

    27947

    Aydlett, NC

    27965

    Aydlett, NC

    27916

    Mamie, NC

    27966

    Shawboro, NC

    27974

    Frequently Asked Questions