Housing decision brief
Craven County, NC Housing Market
Craven County screens as a higher purchase price, rent that needs comparison, a manageable tax-rate signal market. Use the page as a decision brief, not just a price lookup, because local income, taxes, and data confidence change how affordable the county really is.
51st lowest home value out of 100 North Carolina counties with data | 80th lowest rent out of 100
Median home value
$206,200
Purchase-price signal from Census ACS.
Median rent
$1,100/mo
Gross rent, including utilities where reported.
Monthly owner cost
$976/mo
Owner costs before individual loan terms.
Decision snapshot
Read this county in four signals.
Buy screen
3.2x
Median home value divided by local household income.
Rent burden
28.0%
Below 30% usually screens as less pressured.
Rent vs own
$124/mo
Median owner cost screens below median rent.
Data confidence
1 note
Crime coverage is partial, so safety comparisons need source context.
What Works
Rent burden below pressure line
28.00% of renter income goes to rent, below the 30% burden threshold.
Owning screens cheaper than renting
Median owner costs are $124/mo below median rent before individual mortgage terms.
What to Check
Health context
Health score is 39.9 out of 100, so affordability should be weighed against local health indicators.
Crime data coverage
Crime data coverage is partial. Treat zero or low crime rates as incomplete until you check the source coverage.
Best Fit For
- Households weighing ownership against renting
Poor Fit For
- Anyone treating reported crime rates as complete without source context
County vs State vs National
The county number only matters after you see the benchmark. These comparisons show where Craven County is genuinely cheap, where it is average, and where the hidden cost may be.
| Metric | County | State | U.S. | Signal |
|---|---|---|---|---|
Median home value Lower usually helps affordability. | $206,200 | $205,300 | $281,900 | Near state medianAt the North Carolina county median |
Median gross rent Lower usually helps affordability. | $1,100 | $860 | $1,163 | 28% pressure28% above North Carolina county median |
Monthly owner cost Lower usually helps affordability. | $976 | $832 | $1,672 | 17% pressure17% above North Carolina county median |
Median household income | $64,635 | $58,949 | $74,755 | 10% favorable10% above North Carolina county median |
Effective property-tax rate Lower usually helps affordability. | 0.67% | 1.00% | 1.02% | 33% favorable33% below North Carolina county median |
Rent burden Lower usually helps affordability. | 28.00% | 28.00% | N/A | Near state median28.00% of renter income goes to rent. |
Income Fit
A low price only helps if local income can carry the monthly cost. This panel compares the county income base with rent and owner-cost thresholds.
Rent cushion
+$20,635
Median income minus rent threshold.
Owner cushion
+$22,806
Median income minus owner-cost threshold.
Affordability Advisory
This turns the raw housing numbers into income and buy-versus-rent screens.
Affordability verdict
Housing in Craven County is affordable. The median rent is $1,100/month against a median household income of $64,635, putting rent at 20.4% of income.
Rent vs own
At $1,100/month rent versus $976/month in owner costs, owning is roughly $124/month cheaper , a 11% difference.
Income needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $44,000/year. For owner costs at the 28% rule, the required income is roughly $41,829/year. With a median household income of $64,635, most households can comfortably afford rent here. Notably, 28.0% of renter households in Craven County are cost-burdened, spending more than 30% of income on housing.
Regional context
Compared to Hoke County where rent averages $1,047/month, Craven County is approximately 5% more expensive.
Better Counties to Compare
Similar counties are matched on home value, rent, income, and state context. This is more useful than a simple nearest-price list.
| County | Home Value | Rent | Why compare |
|---|---|---|---|
| Perquimans County, NC | $211,600 | $1,061/mo | Same-state comparison near $211,600 home value and $1,061/mo rent. |
| Pasquotank County, NC | $223,300 | $1,146/mo | Same-state comparison near $223,300 home value and $1,146/mo rent. |
| Onslow County, NC | $219,500 | $1,198/mo | Same-state comparison near $219,500 home value and $1,198/mo rent. |
| Harnett County, NC | $220,700 | $1,080/mo | Same-state comparison near $220,700 home value and $1,080/mo rent. |
| Gaston County, NC | $235,000 | $1,085/mo | Same-state comparison near $235,000 home value and $1,085/mo rent. |
Data Confidence
- Crime coverage is partial, so safety comparisons need source context.
Next Checks
Housing Questions for Craven County
Is Craven County affordable for buying a home?
Is renting or owning cheaper in Craven County?
How much income do you need for housing in Craven County?
What should I double-check before moving to Craven County?
Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.