The typical owner-occupied home in Manteo is worth about $444,400, 54% above the North Carolina median of $288,900 and 34% above the national median of $332,700. Owners pay a median $2,516 a year in property taxes, about 0.57% of their home's value, lower than the North Carolina rate of 0.66%. The median household earns $83,777 a year, so the median home costs 5.3 times the median income (4.0 times for North Carolina). 63% of occupied homes here are lived in by their owners, and 67% of those owners still have a mortgage.
Manteo at a glance
| Manteo | North Carolina | U.S. | |
|---|---|---|---|
| Median home value | $444,400 | $288,900 | $332,700 |
| Median property tax paid per year | $2,516 | $1,896 | $3,119 |
| Property tax as a share of value | 0.57% | 0.66% | 0.94% |
| Median household income | $83,777 | $72,388 | $80,734 |
| Homes lived in by their owners | 63% | 67% | 65% |
| Owner homes with a mortgage | 67% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $2,103 | $1,631 | $1,963 |
| Those costs as a share of the owners' income | 29.6% | 19.4% | 21.0% |
| Median rent | $1,204 | $1,228 | $1,413 |
| Rent as a share of renters' income | 31.6% | 29.5% | 30.6% |
| Median year homes were built | 1992 | 1991 | 1980 |
| Vacant homes | 37.4% | 12.5% | 10.1% |
| Population | 2,020 | 10,730,404 | 334,922,499 |
What a typical home costs per month in Manteo
At this week's average 30-year rate of 7.11%, buying the median Manteo home of $444,400 with 20% down costs about $2,788 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,528, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $119,480 for the 20%-down payment. That payment is 40% of the median Manteo household income of $83,777; at that income and 20% down, the 28% guideline points to a home of about $312,000.
The median rent here is $1,204 a month, so owning the median home costs about $1,584 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $88,880 |
|---|---|
| Loan amount | $355,520 |
| Principal and interest | $2,392 |
| Property taxes (0.57% a year) | $211 |
| Homeowners insurance (our estimate, 0.5% a year) | $185 |
| PMI | $0 |
| Total per month | $2,788 |
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| Down payment | $15,554 |
|---|---|
| Loan amount | $436,351 |
| Principal and interest | $2,935 |
| Property taxes (0.57% a year) | $211 |
| Homeowners insurance (our estimate, 0.5% a year) | $185 |
| FHA mortgage insurance | $197 |
| Total per month | $3,528 |
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Questions about home buying in Manteo
What is the median home value in Manteo?
About $444,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Manteo?
Homeowners pay a median $2,516 a year, which is about 0.57% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Manteo?
For the median home with 20% down at 7.11%, the payment is about $2,788 a month. Keeping that under 28% of gross income takes about $119,480 a year.
More about Manteo
- Mortgage Refinance in Manteo
- Debt Relief in Manteo
- Home Equity Loans in Manteo
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data