The story of this market
The typical home in ZIP 27954 sells for about $525,000, or $265 per square foot.
Prices are up +5.2% from a year ago, so sellers still have some momentum. Homes take about 68 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,243 a month.
ZIP 27954 — Manteo
The Manteo housing market remains stable with steady price appreciation driven by limited inventory and high demand for coastal living. While prices have risen significantly over the last decade, the market is currently balancing between high interest rates and a persistent desire for property in the Outer Banks. Buyers should expect competitive conditions for well-maintained single-family homes.
This ZIP is ideal for families and retirees seeking a coastal lifestyle, as well as service-industry workers, though the latter face challenges with housing affordability.
Median prices moved up 5.2% year over year.
Homes spend a median of 68 days on market with 4.2 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.7% · poverty 7.4% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 27954, 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.
Crime rates in Manteo are generally lower than the national average, with the area maintaining a reputation as a safe, small-town coastal community.
Schools serving the Manteo area are part of the Dare County Schools system, which generally maintains solid performance ratings and community support.
The area faces significant coastal hazard risks, including hurricane-force winds, storm surge, and flooding, necessitating high flood insurance premiums for many properties.
Economic momentum is driven by tourism, local government, and the fishing industry, with limited large-scale industrial development due to environmental and geographic constraints.
Property taxes are assessed by Dare County based on the fair market value of real estate, with additional municipal taxes applicable within the town limits of Manteo.
Commuting is primarily car-dependent, with residents often traveling along US-64 to reach employment hubs in Nags Head or the mainland.
The area offers extensive access to the Roanoke Sound, historic sites like the Fort Raleigh National Historic Site, and proximity to Outer Banks beaches and marinas.
The rental market is tight, heavily influenced by seasonal tourism demand and a limited supply of long-term housing for local workers.
The economy is anchored by tourism, commercial fishing, and local government services, with a strong seasonal fluctuation in employment.
Transportation is dominated by private vehicles; public transit options are extremely limited, relying on regional bus services.
Development is strictly managed by local zoning and coastal management policies to preserve the historic and environmental character of Roanoke Island.
The Dare County Tax Department conducts periodic revaluations to ensure assessments reflect current market conditions.
Parcels are subject to Dare County school taxes and municipal taxes for those within the town of Manteo.
Property insurance is a significant cost factor due to high exposure to wind and flood risks in the Outer Banks region.
North Carolina continues to see positive net domestic migration, driven by retirees and remote workers moving to coastal and urban areas.
North Carolina is a judicial foreclosure state, requiring court action to complete the foreclosure process.
Sellers are required to provide a Residential Property and Owners' Association Disclosure Statement to buyers.
Data retrieved from Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Site of the first English settlement attempts in North America.
Features a replica of the Elizabeth II ship and cultural exhibits.
Botanical gardens dedicated to the memory of the Lost Colony.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass. Coherence hold-out: this pass's median rent ($1,236) sat outside the 0.25–4× band around Dare County's retained level and was not stored.