The latest data from Q2 2026 shows housing affordability continues to be a challenge, especially here in unique markets like Carova. With mortgage rates climbing and construction costs on the rise, median-income families are now allocating 34-36% of their income just to cover mortgage payments—while low-income families are facing a staggering 67-71%. The national shortage of 1.2 million homes only adds pressure. As someone who has spent nearly two decades helping clients buy and sell in the Outer Banks, I see firsthand how these trends shape opportunities and obstacles in our exclusive coastal community. Navigating these shifts takes local know-how and a strategic approach, whether you’re looking to invest, relocate, or maximize the value of your property.
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