Outer Banks Real Estate Statistics
| # of Sold Listings | Avg Days On Market | Median Price |
|---|
| 2434 | 118 | $440,000 |
Why are so many homes for sale in the Outer Banks?
Low prices, extremely low interest rates and record vacation rental income have made purchasing Outer Banks homes much more affordable. The rental income of many vacation rental homes is coming very close to paying for these properties that are selling today. This has rarely happened in over ten years.
How much does the average realtor make in NC?
The average salary for a real estate agent in North Carolina is $35,000 per year. Real estate agent salaries in North Carolina can vary between $17,500 to $214,000 and depend on various factors, including skills, experience, employer, bonuses, tips, and more.
Is it affordable to live in the Outer Banks?
Compared to other beach towns on the eastern coast of the United States, the Outer Banks is a relatively affordable place to live and is highly sought after.
What is the average price on a home in the Outer Banks? – Related Questions
Where is the best place to live in the Outer Banks?
Kitty Hawk is arguably one of the best places to live in the Outer Banks. This year-round location is known for its first flight namesake, kiteboarding, surfing, boating, kayaking, golf, and maritime forests.
Which part of the Outer Banks is best?
Best Places to Stay in the Outer Banks
- COROLLA. Located in Currituck County, this area is the northernmost section of the Outer Banks.
- SOUTHERN SHORES. Largely a residential neighborhood, this town sits right between Kitty Hawk and Duck, providing easy access to both.
- South Nags Head.
Where is the cheapest place to live in the Outer Banks?
Here are the cheapest areas within the Outer Banks to live full-time:
- A Family Home on Hatteras Island. Hatteras Island comprises several different cities with Dare County, including Rodanthe, Waves, Salvo, Avon, Buxton, Frisco, and Hatteras.
- Beautiful Living on Roanoke Island.
- Island living on Currituck Banks.
Why is the Outer Banks so cheap?
You also can’t buy and tear down and rebuild, the lots are too small to allow rebuilding, so they are there as long as they are there and then gone forever. This makes the price less attractive and lower. Many take the risk because they could be there another 5-10 years and they rent GREAT, 9-10% is not uncommon.
Is Outer Banks a good place to live?
Living near the beach is a dream come true. The Outer Banks is not only a dreamy coastal destination, but it’s also centrally located on the East Coast. You’ll have convenient access to a number of airports for long-distance travel and can reach the rest of North Carolina in a day’s drive.
Do people live year round in the Outer Banks?
Can You Live in the Outer Banks Year-Round? Yes, there are 34K people that call the Banks home year-round. The area infrastructure operates 12-months out of the year, so the towns are always “open”.
Why is Outer Banks so popular?
What makes the Outer Banks so special? No boardwalks, no loud theme parks, and no high rise hotels blocking the views of the ocean. No flashy nightlife, no neon lights, or main street tourist traps. The natural beauty of the fragile islands and the pristine beaches is what makes the Outer Banks so unique.
How cold does it get in the Outer Banks?
The “off” season brings the Outer Banks winter weather. Winters on the Banks are usually mild with temperatures averaging in the low to mid 50’s. Rarely, we do see an inch or two snow and cold weather into the 30’s. The Outer Banks in the winter is the polar opposite of summer.
Is Outer Banks a Good Investment?
These owners know that Outer Banks property is a good investment. Prices are affordable relative to other resort areas, appreciation is steady, and there are many investment opportunities here. Renting can make the cost of a second home more affordable.
How many people live in Outer Banks year round?
THE OFF-SEASON RELAXATION. The Outer Banks is really just a collection of small towns. Overall from Hatteras to Southern Shores, the population of year round residents is about 36,000; which is a lot less than the 200,000+ visitors we get in the summer.
How often do hurricanes hit the Outer Banks?
How often does the Outer Banks get hit by hurricanes? An average of 2.3 tropical cyclones, from hurricanes to unnamed systems, affect the state each year, according to North Carolina Climate Office statistics. An average of one every other year generally makes a direct hit.
What is the water temp in OBX?
What is the average water temperature in the Outer Banks? While OBX water temperature by month varies, the average water temperature in the Outer Banks is 63 degrees Fahrenheit.
Are there sharks at the Outer Banks?
Atlantic sharpnose sharks are among the most common in North Carolina / Outer Banks waters. The adults can reach 4 feet in length and are found during the summer and autumn.
Are there alligators in the Outer Banks of North Carolina?
However, the Outer Banks is still home to the American Alligator. Alligators inhabit areas north of the refuge and in some of our waterways. You can see alligators in the Alligator River, Milltail Creek, Sawyer Lake, and in the border canals that line Highway 64/264 in Manns Harbor and Stumpy Point!
What’s the closest major airport to the Outer Banks?
The closest international airport to the Outer Banks of North Carolina is Norfolk International Airport in Norfolk, VA.
How long does it take to drive the entire Outer Banks?
How Long Does It Take to Drive the Entire Outer Banks? The whole trip, including the two ferry rides, can take at least 5-6 hours but you should plan to spend a full day exploring, even more if you have the time.