Home Insurance in Morehead City, North Carolina
With a median home value of $357,400, Morehead City is 7% higher than the Carteret County median.
The typical home in Morehead City was built around 1984. About 23% of homes were built before 1960, about 11 points above Carteret County's 11%. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
The housing stock in Morehead City is 58% single-family homes, 25% apartments in buildings with 5+ units and 5% mobile or manufactured homes. The rest are 2-4 unit or other housing types. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
57% of owner-occupied homes in Morehead City carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Morehead City has an owner-occupancy rate of 47% and a vacancy rate of 20%; unoccupied homes typically need a different coverage form.
In Morehead City, 90% of homes are primarily heated with electricity.
Carteret County had 14,016 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is hurricane (Very High). See the full Carteret County home insurance overview for all FEMA hazard ratings and flood coverage details.
The statewide average premium for a standard HO-3 homeowners policy in North Carolina is $1,852 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $357,400 |
|---|---|
| Median year built | 1984 |
| Owner-occupied share | 47% |
| Share of owner-occupied homes with a mortgage | 57% |
| Top county hazard | Hurricane (Very High) |
| Active NFIP policies in Carteret County | 14,016 |
| Home insurance premium | $1,852 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)