Cities with the most expensive homes in North Carolina

Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, affordability plays a huge role for buyers.

The typical home value in the United States was $344,000 in December, 3.6% lower than the year before, but in line with seasonal trends.

High mortgage rates are also making monthly payments more expensive; as of Jan. 25, the 30-year fixed mortgage rate sits at 6.69%.

Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.

Stacker compiled a list of cities with the most expensive homes in North Carolina using data from Zillow. Cities are ranked by the Zillow Home Values Index for all homes as of December 2023. The charts in this story were created automatically using Matplotlib.

Metros with the most cities in the top 30 in North Carolina

#7. Virginia Beach-Norfolk-Newport News, VA-NC: 1

- Typical home value: $622,766- 1-year price change: +3.4%- 5-year price change: +58.5%- Metro area: Charlotte-Concord-Gastonia, NC-SC

- Typical home value: $632,314- 1-year price change: +3.4%- 5-year price change: +81.0%- Metro area: Myrtle Beach-Conway-North Myrtle Beach, SC-NC

- Typical home value: $633,598- 1-year price change: +0.1%- 5-year price change: +56.0%- Metro area: Kill Devil Hills, NC

- Typical home value: $635,127- 1-year price change: +2.0%- 5-year price change: +58.6%- Metro area: Durham-Chapel Hill, NC

- Typical home value: $639,570- 1-year price change: -1.8%- 5-year price change: +53.4%- Metro area: not in a metro area

- Typical home value: $645,125- 1-year price change: +2.1%- 5-year price change: +59.9%- Metro area: Kill Devil Hills, NC

- Typical home value: $647,395- 1-year price change: +4.6%- 5-year price change: +74.7%- Metro area: Morehead City, NC

- Typical home value: $649,184- 1-year price change: +6.7%- 5-year price change: +76.3%- Metro area: Brevard, NC

- Typical home value: $659,591- 1-year price change: +0.8%- 5-year price change: +63.8%- Metro area: Roanoke Rapids, NC

- Typical home value: $675,788- 1-year price change: +4.4%- 5-year price change: +74.6%- Metro area: Boone, NC

- Typical home value: $677,756- 1-year price change: +2.5%- 5-year price change: +98.4%- Metro area: Wilmington, NC

- Typical home value: $678,992- 1-year price change: +2.6%- 5-year price change: +79.2%- Metro area: Morehead City, NC

- Typical home value: $686,762- 1-year price change: +3.8%- 5-year price change: +70.2%- Metro area: Myrtle Beach-Conway-North Myrtle Beach, SC-NC

- Typical home value: $690,849- 1-year price change: +1.9%- 5-year price change: +65.0%- Metro area: Kill Devil Hills, NC

- Typical home value: $710,019- 1-year price change: +2.8%- 5-year price change: +68.4%- Metro area: Cullowhee, NC

- Typical home value: $710,245- 1-year price change: +5.3%- 5-year price change: +74.3%- Metro area: Morehead City, NC

- Typical home value: $743,913- 1-year price change: +4.1%- 5-year price change: +69.3%- Metro area: Hickory-Lenoir-Morganton, NC

- Typical home value: $746,726- 1-year price change: +2.6%- 5-year price change: +82.7%- Metro area: Wilmington, NC

- Typical home value: $775,755- 1-year price change: +4.4%- 5-year price change: +72.1%- Metro area: Kill Devil Hills, NC

- Typical home value: $839,192- 1-year price change: +2.6%- 5-year price change: +62.4%- Metro area: Kill Devil Hills, NC

- Typical home value: $856,087- 1-year price change: +3.7%- 5-year price change: +86.7%- Metro area: Myrtle Beach-Conway-North Myrtle Beach, SC-NC

- Typical home value: $899,330- 1-year price change: +2.8%- 5-year price change: +69.3%- Metro area: Virginia Beach-Norfolk-Newport News, VA-NC

- Typical home value: $909,376- 1-year price change: +0.7%- 5-year price change: +96.1%- Metro area: Wilmington, NC

- Typical home value: $921,976- 1-year price change: -0.8%- 5-year price change: +73.7%- Metro area: not in a metro area

- Typical home value: $935,155- 1-year price change: +1.6%- 5-year price change: +68.5%- Metro area: Kill Devil Hills, NC

- Typical home value: $935,362- 1-year price change: +4.1%- 5-year price change: +69.7%- Metro area: Charlotte-Concord-Gastonia, NC-SC

- Typical home value: $1,072,067- 1-year price change: +6.8%- 5-year price change: +67.4%- Metro area: Charlotte-Concord-Gastonia, NC-SC

- Typical home value: $1,092,925- 1-year price change: +1.3%- 5-year price change: +88.2%- Metro area: Cullowhee, NC

- Typical home value: $1,281,033- 1-year price change: +2.0%- 5-year price change: +75.6%- Metro area: Myrtle Beach-Conway-North Myrtle Beach, SC-NC

- Typical home value: $1,467,548- 1-year price change: +0.5%- 5-year price change: +76.8%- Metro area: Wilmington, NC