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Carteret County, NC

RANK #128 / 1001 NAT  ·  #10 / 51 NC  ·  POP 69,148

1YR FORECAST: +0.8%

5YR OUTLOOK: +35%

Our model projects Carteret County's housing market to grow +0.8% over the next year, significantly outpacing the national average.

[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.

MARKET PROFILE

Idiosyncratic Markets

Carteret County's data profile doesn't fit any single market profile cleanly — its housing, labor, and demographic signals pull in different directions (home prices +2.1% YoY, population +0.7%, wages +4.6%). About 414 U.S. counties show this kind of mixed-signal pattern.

See all 414 Idiosyncratic Markets counties →

[02] Market Snapshot

Housing Ratio
18.8x

Overvalued relative to economy

Home Prices
+2.1%

Above national median

Climate & Terrain
1.2

Moderate climate & terrain

Price/Rent
15x

Below national median (15x)

Housing looks overvalued at 18.8x — home prices are high relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Carteret County Schools Education
    1,000+
  2. 2
    Carteret Health Care Healthcare
  3. 3
    Carteret County Government Government
    500+
  4. 4
    Town Governments (Morehead City, Beaufort, Atlantic Beach, Emerald Isle, Newport) Government
    250+
  5. 5
    Carteret Community College Education
  6. 6
    U.S. Coast Guard Fort Macon Military
    100+
  7. 7
    Jarrett Bay Boatworks Manufacturing
  8. 8
    Big Rock Sports Retail
  9. 9
    TransImpact Technology
  10. 10
    Bally Refrigerated Boxes Manufacturing

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Carteret County U.S. National

Bars show trailing 12-month growth. The dashed Forecast bars are the model's next-12-month projection; the whisker marks the ±1% range (cooling–accelerating).

The Numbers

DEMOGRAPHICS
Population
69,148
+0.72% YoY
Median Household Income
$72,322
Median Home Value
$333,300
+2.12% 12mo
Median Rent
$1,108
Average Annual Pay
$47,805
+4.6% YoY
Employment
25,636
+2.5% YoY
Income-to-Home-Value
0.217
Near national average
Migration Inflow
4.52%
of pop. from another state
Bachelor's Degree+
34.5%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$509,950
Days on Market
70
Slower market
Months of Supply
5.8
Buyer's market
Sale-to-List Ratio
96.7%
Negotiation room for buyers
Sold Above List
12.8%
Listings w/ Price Drops
23.5%
Building Permits (2025)
471
Single-Family Permits
468

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

[05] Crime & Safety

B
SAFETY
GRADE
Homicide Rate
3.9
per 100K · nat avg 6.3
Firearm Fatalities
16.5
per 100K · nat avg 14.8
Injury Deaths
111.7
per 100K · nat avg 76.3
vs National Average
Below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B
AIR QUALITY
GRADE
Median AQI (3yr)
36.0
Good
Good Air Days
94%
1,002 of 1,063 days
Unhealthy+ Days (3yr)
2
Sensitive groups affected
Primary Pollutant
Ozone
Ground-level ozone
Yearly Trend
2021
35
2022
35
2023
38
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] 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.

[08] Score Breakdown

Population Growth +0.7% 55 percentile
Income Growth +3.0% 56 percentile
Vacancy Rate 0.4% 93 percentile
Home Price Change +2.1% 57 percentile
Rent Growth +5.5% 82 percentile
Price/Rent 15x 57 percentile

Bars show percentile rank among all 1001 counties.

[09] Frequently Asked Questions

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

Carteret County ranks #128 out of 1001 U.S. counties on the Boom Town Index with a score of 87/100, putting it in the top tier nationally. Job growth of +2.5% and a median household income of $72,322 point to a county with active economic momentum.

Is Carteret County affordable?

Carteret County leans toward the expensive side. A median home value of $333,300 against an income-to-home-value ratio of 0.22 means housing eats a bigger share of local earnings than the national norm. Renters face $1,108/month on average.

Is Carteret County growing or shrinking?

Carteret County is growing on multiple fronts. Population is up +0.7% year-over-year while employers added jobs at a +2.5% clip. Home values shifted +2.1% in the past year.

Are people moving to Carteret County?

There's a moderate stream of newcomers. About 4.52% of residents moved from another state, which is above average and suggests Carteret County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[10] Similar Counties by Size & Score

Franklin County, NC 87 Surry County, NC 88 Rutherford County, NC 90 Wayne County, NC 90 Caldwell County, NC 92 Sampson County, NC 82 Washington County, OH 87 Kosciusko County, IN 87