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Craven County, NC

RANK #415 / 996  ·  POP 101,098  ·  NC

PROJECTED GROWTH: +1.0%

Craven County's economy is holding up, but population decline raises questions about long-term trajectory.

[01] Why Craven County?

Craven County, North Carolina, is perhaps best known for New Bern, its county seat, which holds the distinction of being North Carolina's second-oldest town and its original colonial capital. Situated in the Coastal Plain region, New Bern lies at the confluence of the Neuse and Trent Rivers, approximately 30 miles from the Atlantic Ocean. This waterfront setting provides abundant outdoor recreation, including boating, fishing, and paddleboarding, with easy access to the Croatan National Forest for hiking and camping. The community offers a blend of historic charm and natural scenery. Life in Craven County attracts a diverse population, including young families and retirees. Craven County Schools serves the area with 25 schools, including elementary, middle, and high schools, and two early college programs. The economy is significantly influenced by Marine Corps Air Station Cherry Point in Havelock, which contributes nearly $2 billion annually to the region and employs thousands of military and civilian personnel. Other economic drivers include advanced manufacturing, retail trade, and healthcare.

[02] Market Snapshot

Housing Ratio
3.7x

Undervalued relative to economy

GDP Growth
+3.3%

Above national median

Home Prices
+2.5%

Outpacing national median

Climate & Terrain
0.2

Moderate climate & terrain

Price/Rent
10x

Strong rental yield

Housing looks undervalued at 3.7x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Craven County U.S. National

The Numbers

DEMOGRAPHICS
Population
101,098
-0.3% YoY
Median Household Income
$61,676
Median Home Value
$194,100
+2.45% 12mo
Median Rent
$1,056
Average Annual Pay
$55,634
+4.7% YoY
Employment
40,890
+0.2% YoY
Income-to-Home-Value
0.3178
More affordable than average
Migration Inflow
3.08%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$311,000
Days on Market
84
Slower market
Months of Supply
4.4
Balanced market
Sale-to-List Ratio
98.6%
Near asking price
Sold Above List
17.5%
Listings w/ Price Drops
14.1%
Building Permits (2024)
485
Single-Family Permits
466

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

[05] Capital Investment

$140M
TOTAL
PROJECT AMOUNT STATUS
N.C. 43 Connector Highway
North Carolina Department of Transportation (NCDOT)
$50M Under Construction
Community Solar Portfolio
Multiple (e.g., Strata Manager, LLC, Cypress Creek Renewables)
$50M Operating
Battery Energy Storage Systems (Maysville)
North Carolina's Electric Cooperatives (FlexGen, Carteret-Craven Electric Cooperative)
$40M Operating

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

[06] Score Breakdown

GDP Growth +3.3% 62 percentile
Population Growth -0.3% 16 percentile
Income Growth +9.5% 73 percentile
Vacancy Rate 1.4% 26 percentile
Home Price Change +2.5% 65 percentile
Rent Growth +3.6% 62 percentile
Price/Rent 10x 86 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

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

Craven County has a Boom Town Index score of 58/100, ranking #415 among 996 U.S. counties. With job growth at +0.2% and a median household income of $61,676, it's an above-average county on economic indicators.

Is Craven County affordable?

The median home value in Craven County is $194,100 with median rent at $1,056/month. The income-to-home-value ratio is 0.3178, which is more affordable than the national average.

Is Craven County growing or shrinking?

Population growth: -0.3% year-over-year. Job growth: +0.2%. Home values changed +2.5% in the past 12 months.

Are people moving to Craven County?

Yes — 3.08% of Craven County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Ottawa County, MI 68 Florence County, SC 68 Colbert County, AL 68 Kenai Peninsula Borough, AK 68 Ouachita Parish, LA 68 Stearns County, MN 68 Jackson County, MS 68 Midland County, TX 68