Gloucester, North Carolina.
Typical home $353,400 (+1.3% in a year). Morehead City, NC metro.
to buy the typical home at today's mortgage rate — +$993 (+115%) since Jan 2020.
- 1 year
- Up $4,707 +1%
- $348,693$353,400 since Sep 2025
- 5 years
- Up $71,460 +25%
- $281,940$353,400 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.
- Gloucester$1,855
- 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 Gloucester, NC rose 1.3% over the past year — in step with the nation.
Living in Gloucester, Carteret County, North Carolina
Gloucester, in Carteret County, had 495 people in the 2020 census. Unemployment in Carteret County was 3.1% in August 2026, and the county had 2.4% more jobs in 2025 than the year before. The most people in Carteret County work in schools and health care, then shops.
Written by AI Claude Sonnet 5.5 wrote this on 23 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 It can be wrong or out of date.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. Gloucester is a small community in Carteret County, on North Carolina's coast, and few people live there. Winters are cool and mild by national standards, summers are hot, and a good deal of rain falls through the year. Poverty is lower here than in many places, and homes are valued fairly high for the area.
Work. Residents work mostly in schools, hospitals and social care, in shops, in professional and business services, and in restaurants, hotels and entertainment. Across Carteret County, the largest workplaces include Carteret County Public Schools, Carteret County General Hospital and Carteret Community College. Unemployment across the county is lower than it was a year ago, and the county has added jobs over the past year.
Things to do. Cape Lookout National Seashore and Fort Macon State Park are protected coastal areas, each a short drive away. The North Carolina Maritime Museum is also a short drive away, and Queen Anne's Revenge, an archaeological site, is close by as well. For a longer outing, Bogue Banks is a beach a longer drive away.
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- 194households
- 4%below the poverty line
What people in Carteret County work in
Employed residents by industry, from the Census survey. Carteret County had 25,622 jobs in 2025, 2.4% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 55° and lows near 38°; warmest in July, with highs near 87° and lows near 74°. About 56 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Beaufort Michael J Smith Field weather station, 7 miles away (NOAA).
Largest workplaces in Carteret County
- Carteret County Public SchoolsSchool district1,059FTE
- Carteret County General Hospital COMGeneral hospital957FTE
- Carteret Community CollegeTwo-year college508
- WalmartWarehouse clubs and supercenters348
- WalmartWarehouse clubs and supercenters321
- Bally Refrigerated BoxesCoolers, refrigeration, manufacturing247
- Morehead CityCity and town managers' offices237
- TransImpactTransportation management consulting services178
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 46 workplaces with 20 or more staff, 5,205 people in all across the county; Gloucester has none of its own. 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
- HurricanesVery high
- Coastal floodingRelatively high
- Winter weatherRelatively high
- WildfireRelatively moderate
- LightningRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Gloucester’s census tracts, against the rest of the country; all of them together, relatively high. 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 Carteret County and the Morehead City, NC metro.
Gloucester home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Gloucester$353,400
- North Carolina$332,159
- United States$366,157
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.
Zip codes with a Gloucester address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Gloucester — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.