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Carteret County, NC

Morehead

RANK #315 / 996 NAT  ·  #16 / 51 NC  ·  POP 68,353

1YR FORECAST: +1.0%

5YR OUTLOOK: +28%

Our model projects above-average housing market growth for Carteret County at +1.0% over the next year.

[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] 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

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
Bachelor's Degree+
31.9%
of residents (national avg: 33%)

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] 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

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.

[09] Frequently Asked Questions

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

With a Boom Town Index score of 68/100, Carteret County sits in the upper half of all 996 ranked counties. Employment is expanding at +1.2%, and median household income stands at $66,965 — indicators that suggest solid fundamentals even if it's not among the fastest-growing counties in NC.

Is Carteret County affordable?

Carteret County leans toward the expensive side. A median home value of $277,400 against an income-to-home-value ratio of 0.24 means housing eats a bigger share of local earnings than the national norm. Renters face $1,009/month on average.

Is Carteret County growing or shrinking?

Carteret County is growing on multiple fronts. Population is up +0.6% year-over-year while employers added jobs at a +1.2% clip. Home values shifted +1.3% in the past year.

Are people moving to Carteret County?

There's a moderate stream of newcomers. About 4.29% 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 68 Nash County, NC 68 Rutherford County, NC 70 Granville County, NC 71 Forsyth County, NC 64 Harnett County, NC 64 Cattaraugus County, NY 68 Pickaway County, OH 68