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Carteret County, NC

RANK #536 / 996  ·  POP 68,353  ·  NC

PROJECTED GROWTH: +0.6%

Carteret County shows below-average economic momentum. Growth signals are flat or softening.

[01] Why Carteret County?

Beaufort, the county seat and one of North Carolina's oldest towns, anchors Carteret County, a coastal region known as the Crystal Coast. Located on North Carolina's central coast, the county boasts over 85 miles of beaches and hundreds of miles of sound and river shorelines. This area offers extensive outdoor recreation, including Fort Macon State Park in Atlantic Beach, the second most visited state park in North Carolina, and the Cape Lookout National Seashore. Commutes within the county are generally quick, with an average of 23.9 minutes, and traffic is lighter than in larger metropolitan areas.

Life in Carteret County blends coastal living with a community atmosphere. Many residents own their homes, and the public school system is highly rated, with Carteret County Schools consistently ranking among the best in North Carolina. The economy is significantly influenced by tourism and recreational pursuits, drawing visitors to its beaches and historic towns like Morehead City and Emerald Isle. The county is also a center for marine sciences, hosting institutions such as the Duke University Marine Laboratory and the UNC Institute of Marine Sciences in Morehead City.

[02] Market Snapshot

Housing Ratio
6.6x

Above national median (4.7x)

GDP Growth
+4.0%

Above national median

Home Prices
+1.3%

Below national median

Climate & Terrain
1.2

Moderate climate & terrain

Price/Rent
12x

Below national median (13x)

Housing is fairly valued at 6.6x relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Carteret County U.S. National

The Numbers

DEMOGRAPHICS
Population
68,353
+0.6% YoY
Median Household Income
$66,965
Median Home Value
$277,400
+1.32% 12mo
Median Rent
$1,009
Average Annual Pay
$45,708
+3.9% YoY
Employment
25,022
+1.2% YoY
Income-to-Home-Value
0.2414
Near national average
Migration Inflow
4.29%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$565,800
Days on Market
126
Slower market
Months of Supply
7.2
Buyer's market
Sale-to-List Ratio
97.0%
Negotiation room for buyers
Sold Above List
16.1%
Listings w/ Price Drops
14.9%
Building Permits (2024)
935
Single-Family Permits
559

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$100M
TOTAL
PROJECT AMOUNT STATUS
Radio Island Offshore Wind Supply Chain Development
North Carolina State Ports Authority (proposed)
$50M Proposed
Workforce Center for Construction Trades and Transportation Technology
Carteret Community College
$50M Planned

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +4.0% 72 percentile
Population Growth +0.6% 57 percentile
Income Growth +8.3% 45 percentile
Vacancy Rate 0.6% 92 percentile
Home Price Change +1.3% 50 percentile
Rent Growth +4.2% 69 percentile
Price/Rent 12x 62 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Carteret County, NC a good place to move to?

Carteret County has a Boom Town Index score of 46/100, ranking #536 among 996 U.S. counties. With job growth at +1.2% and a median household income of $66,965, it faces some economic headwinds compared to faster-growing counties.

Is Carteret County affordable?

The median home value in Carteret County is $277,400 with median rent at $1,009/month. The income-to-home-value ratio is 0.2414, which is less affordable than the national average.

Is Carteret County growing or shrinking?

Population growth: +0.6% year-over-year. Job growth: +1.2%. Home values changed +1.3% in the past 12 months.

Are people moving to Carteret County?

Yes — 4.29% of Carteret County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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