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Oak Island town, NC

ZIP 28422 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 28422

Median Home Value
$295,000
Median Rent
$1,210
Affordability Snapshot
$81,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,895/mo PITI).

21%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

4.3x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

20.3 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 28422 in Oak Island town, NC, a household would need roughly $81,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,895. That is about 19% above the local median household income ($67,883), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 21% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
87.4%+34% vs US avg
x
Vacancy Rate
21.5%+108% vs US avg
x
Broadband Access
88.1%+1% vs US avg
x
4+ Bedrooms
2.1%-86% vs US avg
x
Built Pre-1939
0.9%-93% vs US avg
x
Built Post-2014
2.8%-60% vs US avg
x
Rent Burden >30%
37.2%-25% vs US avg
x
Mortgage-Free
52.2%+37% vs US avg
x
$295,000
Home Value
$1,210
Rent
2002
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached68.5%
  • 1-unit attached2.6%
  • 2-9 units1.0%
  • 10+ units0.1%
  • Mobile home & other27.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$295,000
Median rent$1,210
Owner-occupied87.4%
Vacant21.5%
Price-to-income4.3x
Est. income to buy$81,000