Morehead City, NC home prices
Typical home $469,785 · +3.0% in a year · income needed $125,600
The Morehead City, NC metro area ranks 92 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +3.0% in a year and +30.3% over five years. With 20% down at 7.11%, the typical home costs about $2,930 a month including 0.43% property tax (Carteret County rate).
Mortgage on the typical Morehead City home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $93,957 | $375,828 | $2,528 | $0 | $402 | $2,930 | $125,600 |
| 10% down | $46,978 | $422,806 | $2,844 | $176 | $402 | $3,422 | $146,700 |
| 5% down | $23,489 | $446,295 | $3,002 | $186 | $402 | $3,590 | $153,900 |
| 3.5% down (FHA) | $16,442 | $461,276 | $3,103 | $208 | $402 | $3,713 | $159,100 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.43% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Morehead City area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Carteret County, NC | $469,750 | +3.0% | 0.43% |
What can you afford in North Carolina on your salary? · North Carolina home prices · Salaries in North Carolina
Frequently asked questions
How much is a house in Morehead City?
The typical home in the Morehead City, NC metro area is worth $469,785 (Zillow, September 2026).
What salary do you need to buy a house in Morehead City?
About $125,600 a year for the typical home with 20% down at 7.11%.