The story of this market
The typical home in ZIP 27915 sells for about $419,900, or $353 per square foot.
Prices are roughly flat from a year ago (0%), a market in balance. Homes take about 189 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $5,700 a month.
ZIP 27915 — Avon
The Avon housing market is a specialized, tourism-driven environment characterized by high-priced vacation properties and significant seasonal fluctuations. Market activity is currently balanced, though inventory remains limited and heavily influenced by the short-term rental sector. Buyers should anticipate high insurance costs and limited year-round infrastructure.
This ZIP is primarily suited for vacation-home buyers, investors in the short-term rental market, and those seeking a coastal lifestyle, rather than traditional commuters or families requiring year-round infrastructure.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 189 days on market with 0.0 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 97% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 17.7% · poverty 18.0% — a mixed stability profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 27915, Dare County, NC
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is a coastal barrier island community highly exposed to hurricane, storm surge, and wind risks, which significantly impacts property insurance availability and premiums.
Growth is primarily driven by seasonal tourism and the development of coastal residential and vacation properties within communities like Kinnakeet Shores.
Property taxes are levied by Dare County; specific rates and exemptions are determined by the county assessor's office based on property classification.
Commuting is primarily via NC Highway 12, the sole artery connecting the Outer Banks, often subject to seasonal traffic and weather-related closures.
Avon offers extensive access to Atlantic Ocean beaches, Pamlico Sound for water sports, and proximity to the Cape Hatteras National Seashore.
The rental market is heavily dominated by short-term vacation rentals, leading to high seasonal vacancy pressure and limited long-term housing availability.
The local economy is almost entirely dependent on the tourism and hospitality sectors, supported by seasonal visitors to the Outer Banks.
Transportation is limited to private vehicles via NC Highway 12; there is no public transit infrastructure.
Development is constrained by environmental regulations and the limited land area of the barrier island.
Dare County utilizes a periodic revaluation cycle to assess property values for tax purposes.
Parcels are subject to Dare County property taxes and may be included in specific service districts for fire protection and water/sewer utilities.
Property insurance is a critical factor due to high hazard exposure; premiums are elevated and availability is often restricted by major carriers.
Data not available in current ACS ZCTA-level tables.
Protected coastal area offering beach access and outdoor recreation.
Residential development with private community amenities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.