Foreclosure Homes in Manteo, NC 27954

Current Market Conditions in Manteo, NC

The real estate market in Manteo is currently experiencing a steady demand, with properties appreciating in value over the past few years. The waterfront homes and historic properties are particularly sought after, catering to both full-time residents and vacation home buyers.

Trends indicate that the market is more competitive as families and retirees look for peaceful living near the coast. This has led to a decrease in available inventory, with many homes selling quickly and often above the asking price.

New developments are emerging, providing modern amenities while still retaining the town's historic charm. This ongoing interest in Manteo signifies its strong appeal as a desirable location for real estate investment.

Rent Prices In Manteo, NC

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Manteo, NC, is on a rollercoaster ride. The average rent price in Manteo, NC, is $1,563.00. Indeed, when looking to rent in Manteo, NC, you can expect to pay as little as $570.00 or as much as $4,060.00, with the average rent median estimated to be $1,450.00. The good news is that finding an affordable and desirable property to rent in Manteo, NC -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.