Wanchese, NC 27981 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Wanchese, NC—27981

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$355,000

4.6% YoY Growth

Household Income

$73,500

47.2% YoY Growth

Days on Market

71.0% Shorter YoY

Home Price Forecast

2.9%

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Wanchese, NC

As of Nov '25, the median home price in Wanchese, NC is $355,000, with a year-over-year change of -4.6%. This indicates that home prices in Wanchese, NC are decreasing. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$355,000	-4.6%
Single Family	$355,000	-4.3%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Wanchese, NC

Wanchese, NC lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	N/A	N/A
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	N/A	N/A

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% of Rental Stock

1 Bedroom

4.8%

2 Bedrooms

30.3%

3 Bedrooms

60.1%

4 Bedrooms

4.8%

Property Listings — Wanchese, NC

As of Nov '25, Realtor.com reports that the median days on market for a home in Wanchese, NC is 80. This is a decrease of -71.0% 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	$508,000	-32.0%
Listing Count	3	200.0%
Listings as % of Homes	0.3%	200.0%
Days on Market	80	-71.0%

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Demographics — Wanchese, NC

As of the latest ACS Survey released in 2023, Wanchese, NC has a population of 1,800, which has decreased by -1.6% over the past 5 years. Wanchese, NC is a popular place for families, as children make up 26.5% of the population. The area has a moderately educated workforce, with 29.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.2% reporting working from home.

Metric	Latest Census	YoY % Change
Population	1,800	-1.6%
% Under 18	26.5%	-0.4%
% Seniors	17.8%	7.2%
% WFH	4.2%	133.3%
% w/ College Degree	29.2%	55.3%

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As of the latest ACS Survey released in 2023, Wanchese, NC is a predominantly white area, with 97.5% of the population identifying as white. The white population has grown by 21.7% in the last 5 years. The second most common race or ethnicity in Wanchese, NC is black, making up 0.2% of the population. Foreign-born residents account for 0.8% of the population in Wanchese, NC, and this percentage has decreased by 88.6% 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	97.5%	21.7%
% Black	0.2%	∞%
% Hispanic	0.1%	-99.5%
% Asian	0.0%	N/A
% Foreign Born	0.8%	-88.6%

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Mortgage and Risk — Wanchese, NC

According to HUD data as of 2023, there were 21 mortgage originations in Wanchese, NC, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 48.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Wanchese, NC. Investor activity is low, as 10.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	21
% Conventional Loans	90.0%
% Government Loans	10.0%
% Investor Loans	10.0%
% Second Loans	5.0%
% Cash Out Refinance	10.0%

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Rentals and Section 8 — Wanchese, NC

Wanchese, 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	$1,260
2 Bedroom	N/A	N/A	$1,400
3 Bedroom	N/A	N/A	$1,860
4 Bedroom	N/A	N/A	$1,910

Wanchese, NC—27981

Key Metrics at a Glance

Home Price Trends — Wanchese, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Wanchese, NC

% of Rental Stock

Property Listings — Wanchese, NC

Demographics — Wanchese, NC

Race and Ethnicity

Mortgage and Risk — Wanchese, NC

Mortgages

Rentals and Section 8 — Wanchese, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Wanchese, NC

Home Price to Income Ratio

Wanchese, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Whalebone, NC

Manteo, NC

Colington, NC

Stumpy Point, NC

Uncle Jimmys Landing

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.6
Median Home Price	$355,000
Median Household Income	$73,500

Wanchese, NC—27981

Key Metrics at a Glance

Home Price Trends — Wanchese, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Wanchese, NC

% of Rental Stock

Property Listings — Wanchese, NC

Demographics — Wanchese, NC

Race and Ethnicity

Mortgage and Risk — Wanchese, NC

Mortgages

Rentals and Section 8 — Wanchese, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Wanchese, NC

Home Price to Income Ratio

Wanchese, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Whalebone, NC

Manteo, NC

Colington, NC

Stumpy Point, NC

Uncle Jimmys Landing

Frequently Asked Questions

What is the average home price in Wanchese, NC 27981?

How have home prices in Wanchese, NC 27981 changed over the past year?

What is the home price projection for Wanchese, NC 27981?

What are the demographics of Wanchese, NC 27981?

How long does it take homes to sell in Wanchese, NC 27981?

What is the average rent price in Wanchese, NC 27981?