Skip to main content

Area data

Waves, NC — ZIP 27982

Population: 144 (Census ACS)

The median home value in ZIP 27982 (Waves, NC) is $659,379 — down 3.8% over the past year. Homes sell for a median $577,000 after a median 58 days on market. 1 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively Moderate, with coastalflooding, hurricane, lightning the top-rated hazards. Cost of living is 7.5% below the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$659,379

Median home value

-3.8%

1-year change

58

Median days on market

Relatively Moderate

Hazard risk (county)

Home values & appreciation

Median home value
$659,379
1-year appreciation
-3.8%
3-year appreciation
-1.6%
5-year appreciation
+28.1%
10-year appreciation
+77.6%
All-time peak (2024-05)
$693,895
House Price Index (state)
438.2 (+1.0% YoY)

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

Median sale price
$577,000
Median list price
$749,000
Median price per sqft
$265
1-year sale-price change
-22.6%
Median days on market
58 days
Homes sold (recent period)
4
For-sale inventory
21
Sale-to-list ratio
98.5%
Active listings
9
1-year forecast
+2.1%
New listings (monthly)
5

Source: recent area sales and market data (ZIP-level)

Rents

Studio fair-market rent
$908/mo
1BR fair-market rent
$1,135/mo
2BR fair-market rent
$1,308/mo
3BR fair-market rent
$1,700/mo
4BR fair-market rent
$1,962/mo

Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)

Affordability

Cost of living index (Below Average)
92.5 (100 = US avg)
Electricity rate (state-level)
14.0¢/kWh
Natural gas rate (state-level)
$16.40/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Schools

Total schools
1
Elementary schools
0
Middle schools
0
High schools
1
Charter schools
1
Schools include
Bear Grass Charter School

Source: NCES school directory, 2022-23 (school-address-based)

Natural hazards & flood risk

Overall hazard risk (county)
Relatively Moderate
Top hazards (county)
coastalFlooding, hurricane, lightning, winterWeather
Notable hazard ratings (county)
coastalFlooding: Relatively High · heatWave: Relatively Low · hurricane: Relatively High · inlandFlooding: Relatively Low · lightning: Relatively High · strongWind: Relatively Low
FEMA flood zone
AE
Flood risk level
High
Wildfire risk to homes (county)
Higher than 94% of US counties
Buildings in wildfire direct-exposure zone
32.0%
Radon potential (county)
Low radon potential — EPA Zone 3 of 3
EPA Superfund (NPL) sites within 5 mi
None
EPA recommends radon testing for every home regardless of zone.

Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

Annual precipitation
56.9 in
USDA plant hardiness zone
9a (extreme annual low 20 to 25°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Walkability & transit

Walkability index
7.0 / 20
Transit service frequency
-99,999
Jobs reachable by car (30 min)
695
Jobs reachable by transit (45 min)
329

Source: EPA Smart Location Database (metropolitan block groups)

Amenities

National parks within ~60 mi
3
Nearest national park
Cape Hatteras National Seashore (15 mi)
National parks include
Cape Hatteras National Seashore, Fort Raleigh National Historic Site, Wright Brothers National Memorial
Airports within 30 mi
3
Nearest airport
Billy Mitchell Airport (HNC) (25 mi)
Hospitals nearby (~15 mi)
1
Hospitals include
THE OUTER BANKS HOSPITAL, INC
Avg hospital rating (CMS)
4.0 / 5
Best hospital rating nearby (CMS)
4.0 / 5
Solar radiation rating
Fair (4.5 kWh/m²/day)

Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)

Migration

Net migration (county)
+109 tax filers

Source: IRS county-to-county migration data (county-level, ~12-month lag)

Housing stock

Median year housing built
2,002
Housing built before 1970
0.0%
Housing built 2000 or later
55.1%
Households with broadband internet
100.0%

Source: Census ACS 5-year estimates (ZIP-level)

Employment & development

Total county employment
16,832
Average weekly wage
$812
Top industries (by employment)
Accommodation & Food, Real Estate, Construction
Annual residential building permits (county)
371

Sources: BLS QCEW (county-level) · Census Building Permits (county-level)

How it compares

ZIP 27982State medianUS median
Median home value$659,379$287,250$289,727
Median sale price$577,000$330,000$325,000
Median days on market58 days70 days51 days

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

Area data compiled from public government, academic, and industry research feeds. Data sources →

Common questions

What is the median home value in ZIP 27982?
$659,379.
What is the median sale price in ZIP 27982?
$577,000.
How long do homes take to sell in ZIP 27982?
Median days on market: 58 days.
What is typical rent in ZIP 27982?
2-bedroom fair-market rent: $1,308/month (HUD FMR — a 40th-percentile regulatory reference, not market-observed).
What is the natural-hazard risk in ZIP 27982?
Overall risk: Relatively Moderate (FEMA NRI, county-level). Top hazards: coastalFlooding, hurricane, lightning, winterWeather.
Is ZIP 27982 in a flood zone?
High (FEMA NFIP). FEMA flood zone AE.
What is the wildfire risk in ZIP 27982?
Risk to homes is higher than 94% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in ZIP 27982?
Low radon potential — EPA Zone 3 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near ZIP 27982?
No current or proposed National Priorities List sites within 5 miles (EPA).
How many schools serve ZIP 27982?
1 schools (1 high) (NCES, 2022-23).
Is ZIP 27982 walkable?
Walkability index: 7.0/20 (EPA Smart Location Database).
What is the cost of living in ZIP 27982?
Regional Price Parity: 92.5 (100 = US average) (Below Average) (BEA RPP, metro/state-level).

Nearby ZIP codes

Selling a home in Waves, NC?

REAIGENT7 gives every listing its own AI assistant grounded in this same public data — it answers buyer questions about the home and the area, around the clock, and sends every lead to the listing agent. Agents: it installs on your listing page, your website, or WordPress.

Data last updated

Most recent source refresh: Sep 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents