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Craven County, NC

Township 8

RANK #567 / 996 NAT  ·  #31 / 51 NC  ·  POP 101,098

1YR FORECAST: +1.7%

5YR OUTLOOK: +22%

Craven County's housing market is projected to grow +1.7% over the next year, below the national average.

[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] Top Employers

  1. 1
    Marine Corps Air Station Cherry Point / Fleet Readiness Center East Military
    10,000+
  2. 2
    CarolinaEast Health System Healthcare
    1,000+
  3. 3
    BSH Home Appliances Corporation Manufacturing
  4. 4
    Craven County Schools Education
  5. 5
    Moen Inc. Manufacturing
    500+
  6. 6
    International Paper Manufacturing
  7. 7
    Hatteras Yachts Manufacturing
  8. 8
    Craven County Government Government
  9. 9
    Craven Community College Education

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

[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
Bachelor's Degree+
25.7%
of residents (national avg: 33%)

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] Crime & Safety

C
SAFETY
GRADE
Homicide Rate
6.9
per 100K · nat avg 6.3
Firearm Fatalities
18.1
per 100K · nat avg 14.8
Injury Deaths
124.5
per 100K · nat avg 76.3
vs National Average
Near 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] 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.

[07] 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.

[08] Frequently Asked Questions

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

Craven County scores 43/100 on the Boom Town Index, landing in the middle of the pack among 996 U.S. counties (#567). Median household income is $61,676 and job growth is running at +0.2%. The data points to a county with mixed signals — some positive indicators alongside areas that lag faster-growing peers.

Is Craven County affordable?

Housing in Craven County is roughly in line with national affordability norms. The median home costs $194,100 and the income-to-home-value ratio sits at 0.32, with rents averaging $1,056/month. Not a bargain, but not a stretch for most local earners either.

Is Craven County growing or shrinking?

Population and employment in Craven County are both close to flat — population -0.3% YoY and jobs +0.2%. Home values shifted +2.5% over the past 12 months. A steady-state county, neither expanding quickly nor shrinking.

Are people moving to Craven County?

There's a moderate stream of newcomers. About 3.08% of residents moved from another state, which is above average and suggests Craven County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[09] Similar Counties by Size & Score

Watauga County, NC 43 Sampson County, NC 45 Rowan County, NC 47 Burke County, NC 50 Iredell County, NC 35 Catawba County, NC 52 Madison County, MS 43 Story County, IA 44