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City · 18,871 residents · Pasquotank County, North Carolina

Elizabeth City , North Carolina

In Elizabeth City, a typical home is worth $187,700 and typical rent is $1,117 a month. Compared with all of Pasquotank County, typical household income is 22% lower, the typical home value is 20% lower, and the share of households that own their home is 23 points lower.

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  • Typical home value

    $187,700

    20% below the county

    35% below North Carolina

    • Elizabeth City
    • Pasquotank
    • North Carolina

  • Typical rent

    $1,117a month

    5% below the county

    9% below North Carolina

    • Elizabeth City
    • Pasquotank
    • North Carolina

  • Typical household income

    $52,141a year

    22% below the county

    28% below North Carolina

    • Elizabeth City
    • Pasquotank
    • North Carolina

  • Households that own their home

    44%

    23 points below the county

    22 points below North Carolina

    • Elizabeth City
    • Pasquotank
    • North Carolina

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$264,029
1.2% more than 12 months ago
Typical rent
$1,457 a month
3.5% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Elizabeth City is in Pasquotank County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Pasquotank County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Elizabeth City apart

What this place has that others do not, from public data, most unusual first.

  1. 44% of households in Elizabeth City own their home, against 67% in Pasquotank County.

  2. Nearby, in Williamston, the typical home value is $107,100: 43% less than in Elizabeth City ($187,700).

  3. Nearby, in Williamston, the typical rent is $684: 39% less than in Elizabeth City ($1,117).

  4. The typical household income in Elizabeth City is $52,141, 22% less than in Pasquotank County as a whole ($66,589).

  5. The typical home in Elizabeth City is worth $187,700, 20% less than in Pasquotank County as a whole ($234,600).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Elizabeth City

What homes there are in Elizabeth City, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house is still the most common home in Elizabeth City, but it weighs less than in Pasquotank County: 61% against 71%.

Year built

There are fewer big homes in Elizabeth City than in Pasquotank County: 59% have 3 bedrooms or more, against 75%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

The FHA limit for Pasquotank County is high ($541,287): at least 95% of owner-occupied homes in Elizabeth City are worth less than $500,000.

Monthly rent with utilities

Measured against HUD's 2-bedroom fair market rent ($1,220), about 58% of rented homes in Elizabeth City cost less.

With a mortgage

$1,417 a month

Pasquotank County: $1,554 a month

Without a mortgage

$575 a month

Pasquotank County: $563 a month

Owners with a mortgage

58%

Pasquotank County: 61%

The typical cost for an owner with a mortgage in Elizabeth City is $1,417 a month, less than in Pasquotank County ($1,554); without one, $575.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Homes in Elizabeth City gained value more slowly than in Pasquotank County: 36% since 2015–2019, against 44%.

Much as in Pasquotank County, the typical rent in Elizabeth City rose 27% since 2015–2019.

To compare: typical income in Elizabeth City rose 34%; the home, +36%; the rent, +27%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureElizabeth CityPasquotank CountyNorth CarolinaUnited States
Rental vacancy 4.8%4.9%7.1%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate1.3%0.9%
More than one person per room Unreliable estimateUnreliable estimate2.2%3.4%
People per household 2.302.442.442.53
Drive alone 72%73%72%69%
Carpool 10%13%9%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike Unreliable estimateUnreliable estimate2%3%
Work from home Unreliable estimate10%16%15%
Other means Unreliable estimate2%1%2%
Typical commute 10 to 19 minutesUnreliable estimate20 to 29 minutes20 to 29 minutes

Much as in Pasquotank County, the rental vacancy rate in Elizabeth City is 4.8%.

On average, a household in Elizabeth City has 2.30 people, fewer than in Pasquotank County (2.44).

To get to work, 72% of workers in Elizabeth City drive alone; in Pasquotank County, 73%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Elizabeth City?

A typical home is tight for the typical income

We start with a typical home in Elizabeth City, worth $187,700, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 36% of the typical household income in Elizabeth City, which is $52,141 a year. For that payment to be 28% of income, a household would need to earn about $66,115 a year.

The calculator's FHA and conventional loan limits are those of all of Pasquotank County.

Your numbers

Local data
$

Starts at the typical home value in Elizabeth City. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $6,570 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,543

at 7.18% · 30 years

Loan amount
$184,300
Total interest
$265,164
Paid off in
November 2056

Includes $3,170 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,217 a month

  • Tight

    $1,217 to $1,564 a month

    Your payment · 36%

  • Hard

    more than $1,564 a month

Compared with the typical household income in Elizabeth City ($52,141 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,543
Principal & interest$1,249
Property tax$133
Home insurance$78
FHA mortgage insurance (MIP)$83

You need at least $6,570 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Elizabeth City and Pasquotank County

Elizabeth City is in Pasquotank County, North Carolina. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Elizabeth City's own numbers

Typical home value
$187,700
Typical monthly rent
$1,117
Typical yearly household income
$52,141
Households that own their home
44%
Effective property tax rate
0.85%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Pasquotank County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,220
Price change over 5 years (FHFA)
+77%
Homes in a high flood-risk zone
15%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Pasquotank County.

Everything about Pasquotank County

Buying

Buying a home in Elizabeth City

A typical home in Elizabeth City is worth $187,700: 20% below the county and 35% below North Carolina. With the typical household income in Elizabeth City ($52,141 a year), a typical home costs 3.6 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Elizabeth City 3.6 years
  • Pasquotank 3.5 years
  • North Carolina 4.0 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Pasquotank County

According to FHFA’s house price index, home prices in Pasquotank County rose 112% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Pasquotank County.

Period County North Carolina U.S.
Last year (2025) +11.5% +2.5% +2.9%
5 years (2020–2025) +77% +60% +47%
10 years (2015–2025) +112% +107% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Elizabeth City next to Pasquotank County, North Carolina and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Elizabeth City $187,700
  • Pasquotank $234,600
  • North Carolina $288,900
  • United States $332,700
Typical monthly rent
  • Elizabeth City $1,117
  • Pasquotank $1,170
  • North Carolina $1,228
  • United States $1,413
Typical yearly household income
  • Elizabeth City $52,141
  • Pasquotank $66,589
  • North Carolina $72,388
  • United States $80,734
See the full table
Elizabeth City next to Pasquotank County and North Carolina
Measure Elizabeth City Pasquotank County North Carolina U.S.
Typical home value $187,700 $234,600 $288,900 $332,700
Typical monthly rent $1,117 $1,170 $1,228 $1,413
Typical yearly household income $52,141 $66,589 $72,388 $80,734
Households that own their home 44% 67% 67% 65%
Typical yearly property tax $1,600 $1,573 $1,896 $3,119
Effective property tax rate 0.85% 0.67% 0.66% 0.94%
Renters with high rent for their income 51% 50% 49% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Pasquotank County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Elizabeth City

For a typical $187,700 home in Elizabeth City, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Elizabeth City's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,543a month

    Least cash to close
    Down payment
    $6,570
    Cash to close
    $12,201
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $83

  • Conventional, 5% down $1,508a month

    Down payment
    $9,385
    Cash to close
    $15,016
    Rate
    7.18%
    Mortgage insurance
    PMI · $89

  • Conventional, 20% down, no PMI $1,228a month

    Down payment
    $37,540
    Cash to close
    $43,171
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,402a month

    Down payment
    $28,155
    Cash to close
    $33,786
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Elizabeth City and for Pasquotank County.

Property tax

Effective rate in Elizabeth City

0.85%of the home’s value each year

$1,600 a year for the typical owner in Elizabeth City.

  • Elizabeth City 0.85%
  • Pasquotank 0.67%
  • North Carolina 0.66%

What North Carolina publishes Elderly or Disabled Homestead Exclusion (North Carolina General Assembly (statute))

Exemptions and deadlines in North Carolina

Flood risk in Pasquotank County

FEMA does not publish these numbers by city: they are for all of Pasquotank County.

Homes in the high-risk zone
15%
2,261
Of those, with NFIP insurance
54%
County North Carolina U.S.
Homes in the high-risk zone 15% 2.8% 3.5%
Of those, with NFIP insurance 54% 53% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Elizabeth City

Typical rent in Elizabeth City is $1,117 a month: 5% below the county. In Elizabeth City, 51% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Pasquotank County, by unit size. To pay the 2-bedroom one ($1,220 a month) without spending more than 30% of your income, you would need to earn $23.46 an hour working full time.

HUD fair market rent for all of Pasquotank County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $957 $18.40 $38,280
1 bedroom $963 $18.52 $38,520
2 bedrooms $1,220 $23.46 $48,800
3 bedrooms $1,689 $32.48 $67,560
4 bedrooms $1,988 $38.23 $79,520

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Elizabeth City

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Elizabeth City is in ZIP code 27909.

For 2 bedrooms it is $1,220: the same as the fair market rent for Pasquotank County.

  • 27909 $1,220$1,690

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Elizabeth City when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Elizabeth City

HUD lists 14 buildings with rents for lower incomes in Elizabeth City. These are the largest.

  • Walker Landing 1003 Walker Ave, Elizabeth City 27909 155 low-income homes · 1 bd: 34 · 2 bd: 72 · 3 bd: 40 · 4 bd: 8 · In service since 2007 · For people with disabilities, families, people experiencing homelessness (252) 338-3307
  • Debry Courts 302 Debry St, Elizabeth City 27909 140 low-income homes · Run by Elizabeth City Housing Authority · Average payment: $402 a month · Average wait: 26 months (252) 335-5411
  • Morgan Pointe 645 S Hughes Blvd, Elizabeth City 27909 120 low-income homes · 1 bd: 19 · 2 bd: 65 · 3 bd: 36 · In service since 2017 · For families
  • Hariot Heights Annex 436 Pritchard St, Elizabeth City 27909 112 low-income homes · Run by Elizabeth City Housing Authority · Average payment: $394 a month · Average wait: 31 months (252) 335-5411
  • Rivers Landing 1699 Weeksville Rd, Elizabeth City 27909 100 low-income homes · 1 bd: 20 · 2 bd: 36 · 3 bd: 36 · 4 bd: 8 · In service since 2012 · For families (252) 335-7901

See all 14 buildings in Pasquotank County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Elizabeth City

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Pasquotank County. The nearest ones are below; many serve by phone or online.

A pregnant woman reads paperwork on the sofa while the grandmother plays with the girl on the floor.

HUD counseling is free or low-cost

Assistance programs in Elizabeth City

No down payment, repair or rent-help program on our list is for Elizabeth City or Pasquotank County. The ones below are statewide in North Carolina: they work in Elizabeth City the same as in the rest of the state.

Which programs do I qualify for? All programs in North Carolina

  • NC Home Advantage Mortgage

    Statewide in North Carolina

    NCHFA fixed-rate mortgage with down payment assistance, for first-time buyers and for people who have owned a home before, in North Carolina. Offered by North Carolina Housing Finance Agency (NCHFA).

    Forgivable

    See the program Official page

  • NC 1st Home Advantage Down Payment

    Statewide in North Carolina

    A fixed amount of NCHFA down payment assistance for first-time buyers and veterans in North Carolina. Offered by North Carolina Housing Finance Agency (NCHFA).

    Type not stated

    See the program Official page

  • Community Partners Loan Pool (CPLP)

    Statewide in North Carolina

    NCHFA interest-free loan with deferred payments of up to 25% of the price (maximum $50,000) for the down payment of low- and moderate-income buyers in North Carolina; you apply through a member organization. Offered by North Carolina Housing Finance Agency (NCHFA).

    Deferred

    See the program Official page

Housing counselors near Elizabeth City

The HUD-approved agencies closest to the center of Elizabeth City, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Choanoke Area Development Association of Nc, Inc.

    120 Sessoms Dr, Rich Square · 58 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 7 more
    (252) 539-4155

  • Housing Authority of the City of Rocky Mount, NC

    901 Authority Dr, Rocky Mount · 88 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (252) 977-3141

  • Wilson Community Improvement Association, Inc.

    504 Green St E, Wilson · 101 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 6 more
    252-243-4855x214

All counseling agencies in North Carolina

Help in Spanish near Elizabeth City

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Elizabeth City

HUD’s record names them for Elizabeth City or Pasquotank County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

All housing agencies in North Carolina Source: HUD

Cities

Nearby cities

The cities closest to Elizabeth City, with the typical home value.

Everything about Pasquotank County Housing in North Carolina

Neighboring counties

If Pasquotank County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Elizabeth City.

All guides
A smiling girl holds up a small mushroom she found on a forest outing.

Questions

Housing questions about Elizabeth City

Short answers with the numbers for Elizabeth City and all of Pasquotank County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Elizabeth City?

The typical home value in Elizabeth City is $187,700, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Pasquotank County it is $234,600.

How much does it cost to rent in Elizabeth City?

Typical rent in Elizabeth City is $1,117 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Pasquotank County is $1,220.

What is the FHA loan limit in Elizabeth City?

Elizabeth City uses the FHA limit for all of Pasquotank County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Elizabeth City?

The typical homeowner in Elizabeth City pays $1,600 a year, according to the U.S. Census Bureau. That is 0.85% of the home’s value; in Pasquotank County, the rate is 0.67%.

Where can I find free help to buy or rent in Elizabeth City?

We found no HUD-approved counseling agencies with an office in Pasquotank County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).