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Wanchese, NC—27981

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$371,000
0.6% YoY Growth
Household Income
$73,500
47.2% YoY Growth
Days on Market
110
497.0% Longer YoY
Home Price Forecast
1.2%
Median 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
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Wanchese, NC

As of May '26, the median home price in Wanchese, NC is $371,000, with a year-over-year change of 0.6%. This indicates that home prices in Wanchese, NC are flat. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$371,0000.6%
Single Family $371,0000.8%
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
    		$308,0001.0%
    3 Bed
    		$374,0000.8%
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    1 Bedroom
    2.2%
    2 Bedrooms
    18.1%
    3 Bedrooms
    68.0%
    4 Bedrooms
    11.0%
    5+ Bedrooms
    0.6%

    Rental Trends — Wanchese, NC

    Wanchese, NC lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average RentN/AN/A
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/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 May '26, Realtor.com reports that the median days on market for a home in Wanchese, NC is 110. This is a increase of 497.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$550,00041.0%
    Listing Count
    		4100.0%
    Listings as % of Homes0.3%100.0%
    Days on Market
    		110497.0%
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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.

    MetricLatest CensusYoY % 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

    MetricLatest Census5-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

    MetricZip 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 SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$1,260
    2 BedroomN/AN/A$1,400
    3 BedroomN/AN/A$1,860
    4 BedroomN/AN/A$1,910

    Affordability — Wanchese, NC

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.8
    Median Home Price$371,000
    Median Household Income$73,500

    Wanchese, NC — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Whalebone, NC

    27959

    Manteo, NC

    27954

    Colington, NC

    27948

    Stumpy Point, NC

    27978

    Uncle Jimmys Landing

    27968

    Frequently Asked Questions