Deep Gap, North Carolina.
Typical home $429,867 (-0.4% in a year). Boone, NC metro.
to buy the typical home at today's mortgage rate — +$1,353 (+150%) since Jan 2020.
- 1 year
- Down $1,752 -0%
- $431,619$429,867 since Sep 2025
- 5 years
- Up $90,017 +26%
- $339,850$429,867 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.
- Deep Gap$2,256
- North Carolina$1,743
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 15 years.
Typical home values in Deep Gap, NC fell 0.4% over the past year — slower than the nation's +1.2%.
Living in Deep Gap, Watauga County, North Carolina
The Census does not count Deep Gap on its own, so the figures here are Watauga County's. Half the county's households earn more than $51,693 a year and half less; 26% of the county's people live below the poverty line. 62% of the county's homes are lived in by their owners and 38% are rented. Unemployment in Watauga County was 3.7% in August 2026, and the county had 2.1% fewer jobs in 2025 than the year before. The most people in Watauga County work in schools and health care, then restaurants and hotels.
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 It can be wrong or out of date.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. Deep Gap is a small town in Watauga County, in the mountains of northwestern North Carolina. Winters are cold and snowy, and summers are warm. The county receives a good deal of rain across the year, so wet weather is common.
Work. Across Watauga County, many people work in schools, hospitals and social care, in restaurants, hotels and entertainment, in shops, or in professional and business services. Unemployment is low and about the same as a year earlier, though the number of jobs fell a little last year. A good many adults hold a four-year degree, and most homes are lived in by their owners.
Things to do. Cascade Falls, a waterfall, is a short drive away, and the Yadkin River, a river, is also a short drive. Julian Price Memorial Park, a park, is a longer drive away.
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- 21,198households
- 31.4median age
- 48%of adults have a degree
- 26%below the poverty line
- 21 mintypical commute
- 10%work from home
What people in Watauga County work in
Employed residents by industry, from the Census survey. Watauga County had 24,591 jobs in 2025, 2.1% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 41° and lows near 22°; warmest in July, with highs near 79° and lows near 58°. About 26 inches of snow and 59 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Boone Southeast weather station, 7 miles away (NOAA).
Largest workplaces in Watauga County
- Watauga County SchoolsSchool district684FTE
- Watauga Medical CenterGeneral hospital682FTE
- Tweetsie RailroadAmusement parks325
- WalmartWarehouse clubs and supercenters294
- Lees-McRae CollegeUniversity or college266
- Lowe's Companies, INCHomecenter189
- Publix Super MarketsSupermarkets and other grocery stores176
- Harris Teeter Supermarkets, Inc.Supermarkets and other grocery stores146
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 27 workplaces with 20 or more staff, 2,468 people in all. School districts come from the Common Core of Data (NCES, 2023–24), hospitals from their Medicare cost reports (CMS, 2023) and colleges from IPEDS (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
- LandslidesRelatively high
- Ice stormsRelatively moderate
- Cold wavesRelatively moderate
- Inland floodingRelatively moderate
- DroughtRelatively moderate
- LightningRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms across Watauga County, against the rest of the country; all of them together, relatively 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 Watauga County and the Boone, NC metro.
Deep Gap home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Deep Gap$429,867
- North Carolina$332,159
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 4 Deep Gap listings — 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.
- Deep Gap23.90%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Deep Gap42
New listings per month
Sellers arriving at the market.
- Deep Gap7
Zip codes with a Deep Gap address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Deep Gap — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.