The story of this market
The typical home in ZIP 27885 sells for about $275,000, or $145 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 180 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,394 a month.
ZIP 27885 — Swan Quarter
The Swan Quarter housing market is a low-volume, stable rural market characterized by limited inventory and slow price appreciation. Market conditions are driven by local demand and the geographic constraints of the coastal environment, with little speculative activity.
This area is best suited for retirees, outdoor enthusiasts, and those seeking a quiet, rural coastal lifestyle, rather than commuters or investors looking for high-velocity markets.
Median prices moved up 2.5% year over year.
Homes spend a median of 180 days on market with 6.0 months of supply — a slower-moving market.
15% of listings have cut prices · homes sell at 96% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.0% · poverty 19.1% — 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 4.5%/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 3.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 27885, Hyde 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 Swan Quarter are generally low, consistent with the rural character of Hyde County and significantly lower than national urban averages.
Public education is served by the Hyde County Schools district, which maintains small class sizes typical of rural North Carolina, though options are limited.
The area faces significant flood and storm surge risks due to its low elevation (3 ft) and proximity to the Pamlico Sound, necessitating high flood insurance premiums.
Economic momentum is limited, with the local economy primarily anchored by government services, agriculture, and commercial fishing.
Property taxes are levied by Hyde County; the rate is determined by the county's annual budget and assessment cycle, with no municipal tax in this unincorporated CDP.
Commuting is primarily by personal vehicle, with long drive times to regional employment hubs in Washington or Greenville, NC.
Recreation is centered on outdoor activities, including proximity to the Mattamuskeet National Wildlife Refuge and local access to coastal waterways for fishing and boating.
The rental market is thin with low turnover, primarily serving local workers and seasonal visitors; vacancy pressure is generally low.
The economy is heavily reliant on agriculture, commercial fishing, and local government administration.
Transportation is entirely dependent on private vehicles; there is no public transit infrastructure.
There are no major commercial or residential developments currently in the pipeline for this area.
Hyde County performs periodic property revaluations to ensure assessments align with market values.
Parcels are subject to county-wide school and general service taxes; no MUDs or PIDs are present.
Property insurance is costly and difficult to secure due to high flood and wind exposure in this coastal zone.
Net domestic migration is stable to slightly negative, typical of rural North Carolina counties.
North Carolina is a judicial foreclosure state, requiring court action to complete the process.
Sellers are required to provide a residential property disclosure statement covering known material defects.
Data retrieved from US Census Bureau ZCTA 27885 profiles.
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.
A major regional attraction for birdwatching and outdoor recreation.
The historic center of the county seat.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.