Why are so many homes for sale in the Outer Banks?

Low prices, extremely low interest rates and record vacation rental income have made purchasing Outer Banks homes much more affordable. The rental income of many vacation rental homes is coming very close to paying for these properties that are selling today. This has rarely happened in over ten years.

Is buying a house in the Outer Banks a Good Investment?

These owners know that Outer Banks property is a good investment. Prices are affordable relative to other resort areas, appreciation is steady, and there are many investment opportunities here. Renting can make the cost of a second home more affordable.

What is the rich part of the Outer Banks?

Kill Devil Hills has the most parcels at 7,708, but Nags Head properties are highest valued at $2.97 billion. There are 2,116 parcels worth $2.8 billion owned by government agencies that are exempt from taxes.

Is it cheap to live in the Outer Banks?

Compared to other popular beach destinations on the east coast, the Outer Banks is an incredibly affordable place to live. For example, our area's cost of living is lower than towns such as Charleston, SC, Santa Barbara, CA, and the Florida Keys.

Is it nice to live in the Outer Banks?

The Outer Banks is best known for its picturesque beachfront, it's one of the main reasons people love living here. This wide expanse of non-commercialized beaches is part of what makes the area so beautiful and desirable to both visitors and residents alike.

Top 10 Considerations Before Buying Outer Banks Real Estate

How long will the Outer Banks last?

The Outer Banks could be devastated in the next 50-100 years as rising sea levels threaten to sweep away the 200-mile-long string of barrier islands off the North Carolina coast.

Is Outer Banks a good place to retire?

The Outer Banks Retirement Communities

This is an incredible retirement community that features low tax rates, 4.3 medical centers per 1000 people, and plenty of stunning scenery and exciting things to do.

Why is Outer Banks so popular?

The beautiful scenery, beautiful people, beach parties, and boat rides allow you to slip into another world. There is no better time than now to completely get lost in a new story, and Outer Banks certainly helps you forget about our current situation, even if just for a little while.

Where do locals live in Outer Banks?

How many people live on the Outer Banks full time?

With a population of over 35,000 people living here year-round, there is a reason why many choose to call the Outer Banks home.

Where does the Outer Banks cast live?

The executive producer — who now lives in Wilmington, North Carolina — was inspired by his own childhood memories to bring the historic town to the small screen. Popularly known as OBX, the coastal town is comprised of a 200-mile stretch of barrier islands just off of North Carolina.

What does Pog mean on Outer Banks?

In short—if you're a Pogue, you live on the south side of the island, also known as The Cut. The Pogues are the working class people, waitering, cleaning boats, running charters for the rich. Essentially, they are the slums of the island—some inherently look down upon its residents based on their living there.

What does Kook mean in Outer Banks?

A Kook is a person who lives in Figure 8 or the north side of the OBX. They are typically well-off and have the most power on the island.

How much is homeowners insurance in the Outer Banks?

The average cost of homeowners insurance in North Carolina is $1,700 per year, or about $142 per month, according to a NerdWallet analysis. That's slightly less than the national average of $1,784 per year. We've analyzed rates and companies across the state to find the best homeowners insurance in North Carolina.

Is owning a beach house worth it?

Buying a beach house can bring an excellent return on investment, a reliable income stream, and access to a delightful vacation spot. Many beach house investors purchase homes that they subsequently rent out during peak tourism times.

Do people live in the Outer Banks all year?

Can You Live in the Outer Banks Year-Round? Yes, there are 34K people that call the Banks home year-round. The area infrastructure operates 12-months out of the year, so the towns are always “open”.

Which Outer Banks town has the most to offer?

The first town most people see as they enter the Outer Banks, Kitty Hawk has a lot to offer! Most homes in the area are located within easy walking distance to the beach and the Beach Road runs along the oceanfront throughout the town.

What is the best area of the Outer Banks?

Nags Head. The town of Nags Head is one of the most famous sections of the Outer Banks and one of the most visited. The first early beach cottages were built here and were built on stilts. Some of these historical beach homes still stand today.

Do adults watch Outer Banks?

'Outer Banks' Cements Its Status As A Soapy Teen Mystery-Thriller That Adults Can Enjoy, Too, In Season 2. The first season gave us rivalries and fights and murder and rivalries and betrayal and, somehow, these teens attempting to find $400 million, even though surely the goons will get them first.

Do the Outer Banks have alligators?

However, the Outer Banks is still home to the American Alligator. Alligators inhabit areas north of the refuge and in some of our waterways. You can see alligators in the Alligator River, Milltail Creek, Sawyer Lake, and in the border canals that line Highway 64/264 in Manns Harbor and Stumpy Point!

Are the Outer Banks man made?

Though it looks natural, the dune that runs for 50 miles along the Banks was man-made, created out of wood and brush and sand by the Depression-era Civilian Conservation Corps.

How cold does it get in the Outer Banks?

Winters on the Banks are usually mild with temperatures averaging in the low to mid 50's. Rarely, we do see an inch or two snow and cold weather into the 30's. The Outer Banks in the winter is the polar opposite of summer.

Is Kitty Hawk NC A good place to live?

Kitty Hawk is a wonderful place to live and raise a family. The #1 attraction of course is the beach as it is part of the resort location known as the Outer Banks. However, Kitty Hawk is nearby to many historical and tourist attractions. Cost of living is very expensive in relation to income.