Commercial Real Estate Market in Manteo, NC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
15 active listings and 404 off-market properties in Manteo, NC.
Market Trends
Manteo, NC spans 8.9 square miles in Dare County, North Carolina. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Manteo, NC runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Manteo, NC runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Manteo, NC runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Manteo, NC runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 65.4%
- Commercial 23.7%
- Mixed use 7.4%
Largest Zones share of zoned land by district
Historic Residential
General Business
Village Business
Entrance District
General Residential With Mobile And Modular Homes
Manteo, NC zones 1,105 acres across 7 districts. Commercial zoning covers 23.7% of zoned land, residential 65.4%. The largest single district is Historic Residential at 63.2%. For commercial buyers the practical constraint is that only 23.7% of land carries a commercial or industrial designation.
Historic Residential (R-5)
The R-5, historic residential district is established to provide for permanent single family residential neighborhoods in areas where the level of municipal facilities is very high, and is to provide for the preservation and rehabilitation of existing structures while encouraging in-fill in the vernacular architectural style of the old town through complianc…
Market overview
Demographics & Economy
Manteo, NC has 6,510 residents in 3,587 households. Density runs 735 people per square mile. Median household income here is $78,291 and median gross rent $1,313 a month.
6,510
Population
3,587
Households
1.8
Avg Household Size
46
Median Age
39%
College-Educated
95%
High-School Grad
8.9 sq mi
ZIP Area
735
Density / Sq Mi
$78,291
Median Household Income
$35,347
Median Earnings
$1,313
Median Rent
$374,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Fort Raleigh City | — | — |
| Nags Head | — | — |
| Wanchese | — | — |
| Manns Harbor | — | — |
Commercial property in Manteo, NC asks $4,573/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Manteo?
Commercial property in Manteo, NC asks an average of $4,573 per square foot. The 3 most recent recorded sales traded at a median of $138/SF, so asking sits 3220% above the achieved median.
What zoning applies to commercial property in Manteo?
Manteo, NC zones 1,105 acres across 7 districts, of which 23.7% is commercial and 0% industrial. The largest single district is Historic Residential at 63.2% of zoned land. The R-5, historic residential district is established to provide for permanent single family residential neighborhoods in areas where the level of municipal facilities is very high, and is to provide for the preservation and rehabilitation of existing structures while encouraging in-fill in the vernacular architectural style of the old town through complianc… Residential zoning covers 65.4% and open space 0%.
Where does Realmo's Manteo market data come from?
Realmo compiles Manteo, NC figures from 5 recent recorded sales, 15 active sale listings, 404 tracked off-market properties, the current Manteo zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 15 active for-sale and 0 active for-lease listings in Manteo, NC. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 1,105 zoned acres across 7 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level, industrial vacancy is reported at South region level and asking prices run materially above recent closed pricing.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
