Knotts Island, NC—27950
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Knotts Island, NC
As of Oct '25, the median home price in Knotts Island, NC is $401,000, with a year-over-year change of 1.2%. This indicates that home prices in Knotts Island, NC are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $401,000 | 1.2% |
| Single Family | $400,000 | 0.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $287,000 | -1.4% |
3 Bed | $402,000 | 0.8% |
4 Bed | $508,000 | 2.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Knotts Island, NC
As of July '25, Rentcast reports the average rent in Knotts Island, NC is $3,500, with a year-over-year rent change of -12.5%. Per bedroom, the median rent as of July '25 in Knotts Island, NC is 3-bedrooms: $3,500. The most common rental property sizes in Knotts Island, NC are 2-bedroom and 3-bedroom, accounting for 70.1% and 23.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,500 | $3,500 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $3,500 | $3,500 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Knotts Island, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Knotts Island, NC is 71. This is a decrease of -19.0% 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 | $550,000 | -17.0% |
Listing Count | 13 | 39.0% |
| Listings as % of Homes | 0.3% | 39.0% |
Days on Market | 71 | -19.0% |
Demographics — Knotts Island, NC
As of the latest ACS Survey released in 2023, Knotts Island, NC has a population of 1,790, which has decreased by -13.8% over the past 5 years. Knotts Island, NC is a less popular place for families, as children make up 14.0% of the population. The area has a poorly educated workforce, with 24.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,790 | -13.8% |
% Under 18 | 14.0% | -20.5% |
% Seniors | 18.2% | 32.8% |
% WFH | 6.0% | -38.1% |
% w/ College Degree | 24.5% | 45.0% |
As of the latest ACS Survey released in 2023, Knotts Island, NC is a predominantly white area, with 96.9% of the population identifying as white. The white population has grown by 0.8% in the last 5 years. The second most common race or ethnicity in Knotts Island, NC is asian, making up 2.0% of the population. Foreign-born residents account for 2.9% of the population in Knotts Island, NC, and this percentage has increased by 81.2% 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 | 96.9% | 0.8% |
% Black | 0.0% | N/A |
% Hispanic | 0.3% | -66.7% |
% Asian | 2.0% | 400.0% |
% Foreign Born | 2.9% | 81.2% |
Mortgage and Risk — Knotts Island, NC
According to HUD data as of 2023, there were 36 mortgage originations in Knotts Island, NC, of which 53.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Knotts Island, NC. Investor activity is low, as 0.0% of loans were by investors. 22.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 36 |
% Conventional Loans | 53.0% |
% Government Loans | 47.0% |
% Investor Loans | 0.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 22.0% |
Loan Activity
Rentals and Section 8 — Knotts Island, NC
Knotts Island, 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 | $1,390 |
| 2 Bedroom | N/A | N/A | $1,590 |
| 3 Bedroom | -$1,290 | $3,500 | $2,210 |
| 4 Bedroom | N/A | N/A | $2,630 |
Affordability — Knotts Island, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $401,000 |
| Median Household Income | $83,100 |