Dare County, NC real estate

Market data, tax and rent figures from the 2024 Census survey.

Median home value

$460,400Median home value · Census

Property tax rate

0.52%Below state avg 0.66%Median bill $2,391/yr · Census

Median rent

$1,3452-bed $1,229Per month · Census

30-yr mortgage rate

7.24%Freddie Mac weekly average

What the numbers say

Dare County, NC real estate at a glance

By AstroCore · Realtor.com, US Census and Freddie Mac data

Homeowners in Dare County pay a median of $2,391 a year in property taxes on a median home value of $460,400, an effective rate of about 0.52%. The North Carolina average is 0.66%, which makes Dare County the #16 lowest-tax of 100 counties in the state with published tax data.

Renters pay a median of $1,345 a month, and $1,229 for a two-bedroom. At today's prices a typical home costs about 29 times a year's rent, which generally favors renting over buying in the short term.

With 20% down and today's 7.24% average 30-year rate, the monthly payment on a $460,000 home here comes to about $2,901 including property tax and insurance. Lenders typically want that to be under 28% of income, which works out to roughly $124,000 a year (the median household here earns $88,994).

Monthly payment on a typical home

$2,901/mo
  • Principal & interest$2,510
  • Property tax$199
  • Insurance (est.)$192

$460,000 home · 20% down · 7.24% 30-year fixed

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Rents in Dare County by bedrooms

1 bedroom$1,1822% above state
2 bedrooms$1,2296% above state
3 bedrooms$1,54717% above state
4 bedrooms$1,7045% below state

Median gross rent (rent plus utilities), US Census American Community Survey 2024 5-year estimates.

Selling here?See what you'd walk away with after commissions and closing costs.Seller net sheet → Buying here?Monthly payment with Dare County's real property tax rate.Mortgage calculator → Agent here?Find out how many listing appointments you need to hit your income goal.Agent income calculator →

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Sources: Realtor.com housing inventory (monthly) and Freddie Mac Primary Mortgage Market Survey (weekly), via FRED, Federal Reserve Bank of St. Louis; US Census Bureau American Community Survey 5-year estimates (property taxes, home values, rents, income). Insurance is an estimate. Medians for the whole county; individual homes vary. For information only.