Corolla, North Carolina.
Typical home $881,325 (-0.6% in a year). Virginia Beach-Norfolk-Newport News, VA-NC metro.
to buy the typical home at today's mortgage rate — +$2,716 (+142%) since Jan 2020.
- 1 year
- Down $5,333 -1%
- $886,659$881,325 since Sep 2025
- 5 years
- Up $154,432 +21%
- $726,894$881,325 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Corolla$4,626
- North Carolina$1,743
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 18 years.
Typical home values in Corolla, NC fell 0.6% over the past year — slower than the nation's +1.2%.
Living in Corolla, Currituck County, North Carolina
The Census does not count Corolla on its own, so the figures here are Currituck County's. Half the county's households earn more than $93,511 a year and half less; 8% of the county's people live below the poverty line. 87% of the county's homes are lived in by their owners and 13% are rented. Unemployment in Currituck County was 2.7% in August 2026, and the county had 1.8% fewer jobs in 2025 than the year before. The most people in Currituck County work in schools and health care, then professional services.
Written by AI Claude Haiku 5.5 wrote this on 22 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Corolla is a town on the Outer Banks of North Carolina, in Currituck County, where most homes are lived in by their owners. Winters are cool, summers are warm, and the area gets a good deal of rain and melted snow each year. Many residents know one another well, and home prices here are high compared with most of the country.
Work. Across Currituck County, many people work in schools, hospitals and social care, professional and business services, shops, and the building trades. Unemployment has eased over the past year, though the number of jobs across the county dipped slightly. Many residents make a fairly long drive to work, so the commute takes a real part of the day.
Things to do. Mackay Island National Wildlife Refuge is a protected area a short drive away, suited to quiet walks and birdwatching. The Wright Brothers National Memorial, a protected area a longer drive away, marks the site of the first powered flight. The Virginia Aquarium, also a longer drive away, is one of the region's best-known aquariums.
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- 11,845households
- 41.6median age
- 31%of adults have a degree
- 8%below the poverty line
- 36 mintypical commute
- 9%work from home
What people in Currituck County work in
Employed residents by industry, from the Census survey. Currituck County had 7,313 jobs in 2025, 1.8% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 52° and lows near 33°; warmest in July, with highs near 88° and lows near 71°. About 47 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Elizabeth City Cgas weather station, 21 miles away (NOAA).
Largest workplaces in Currituck County
- Currituck County SchoolsSchool district616FTE
- County of CurrituckBudget agencies, government557
- Food LionGrocery stores91
- Food LionGrocery stores82
- Food LionGrocery stores73
- Carter LumberBuilding materials dealer52
- VacasaTravel accomodation39
- Currituck HouseAssisted-living facilities without on-site nursing care facilities37
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 10 workplaces with 20 or more staff, 1,005 people in all. School districts come from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Winter weatherRelatively moderate
- LightningRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms across Currituck County, against the rest of the country; all of them together, very low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Currituck County and the Virginia Beach-Norfolk-Newport News, VA-NC metro.
Corolla home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Corolla$881,325
- North Carolina$332,159
- United States$366,157
Sellers are cutting prices on about 1 in 7 Corolla listings, and the typical home goes pending in 68 days — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Corolla14.80%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Corolla68
- United States21
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Corolla213
New listings per month
Sellers arriving at the market.
- Corolla55
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Corolla$783,079
- United States$371,407
Zip codes with a Corolla address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Corolla — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.