Salvo, NC 27972 housing market
Data through Aug 2026 · Buyer's market
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Home Value
$637,108
−3.4% vs. a year ago
Months of Supply
8.0 months
Aug 2026
Sale-to-List Ratio
94.8%
Aug 2026
Mtg Payment as % of Income
72%
Dec 2023
Overvalued %
92%
Dec 2023
Expected Disaster Loss
$707
Dec 2025
What this means
- Valuation. Prices are 92% above what local incomes have historically supported (this area's pre-2020 price-to-income ratio).
- Prices. Home values are down 3.4% over the past year (U.S.: +1.2%).
- Negotiating. Homes sell for about 5.2% below their final list price.
- Affordability. A mortgage on the typical home takes 72% of the median household income (U.S.: 35%); it takes about $150k a year to keep the payment at 30% of gross pay. That includes about $1,922 a year for home insurance (U.S.: $1,790).
- Disaster risk. FEMA expects about $707 a year in natural-disaster damage per $100k of building value (U.S.: $155), mostly from hurricanes. Check insurance costs before buying.
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Other ZIP codes in Dare County, NC
| Area | Home value | 1-year change | Buyer leverage |
|---|---|---|---|
| Kill Devil Hills, NC 27948 | $524.2K | +1.6% | 77 |
| Southern Shores, NC 27949 | $785.7K | +2.0% | 39 |
| Manteo, NC 27954 | $512.1K | −0.3% | 30 |
| Nags Head, NC 27959 | $709.6K | +0.2% | 80 |
| Wanchese, NC 27981 | $359.3K | +0.1% | 53 |
| Frisco, NC 27920 | $455.8K | 0.0% | 95 |
| Manns Harbor, NC 27953 | $344.7K | −0.1% | 34 |
| Rodanthe, NC 27968 | $590.8K | −3.5% | 90 |
| Frisco, NC 27936 | $517.1K | +0.5% | 98 |
| Salvo, NC 27915 | $544.2K | −2.2% | 86 |
| Stumpy Point, NC 27978 | $340.3K | +2.2% | 7 |
| Hatteras, NC 27943 | $515.5K | −2.3% | 84 |
| Rodanthe, NC 27982 | $648.5K | −3.2% | 95 |