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  4. /New Bern, NC - 28560

New Bern, NC—28560

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$273,000
2.4% YoY Growth
Household Income
$62,100
34.7% YoY Growth
Days on Market
57
15.0% Longer YoY
Home Price Forecast
3.0%
Median Rent
$1,700
0.6% YoY Growth
1-Bed Rent
$975
8.9% YoY Growth
2-Bed Rent
$1,200
4.6% YoY Growth
3-Bed Rent
$1,800
2.2% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — New Bern, NC

As of May '26, the median home price in New Bern, NC is $273,000, with a year-over-year change of 2.4%. This indicates that home prices in New Bern, NC are increasing. According to Zillow, the 1-year price projection is 3.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$273,0002.4%
Single Family $274,0002.2%
Condos $250,000-0.4%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • $218,000
    0.9%
    2 Bed
    		$171,0003.0%
    3 Bed
    		$280,0002.6%
    4 Bed
    		$358,0000.8%
    5 Bed $413,519-1.0%
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    % of Housing Stock

    Studio
    0.4%
    1 Bedroom
    3.7%
    2 Bedrooms
    23.6%
    3 Bedrooms
    56.3%
    4 Bedrooms
    14.3%
    5+ Bedrooms
    1.6%

    Rental Trends — New Bern, NC

    As of July '25, Rentcast reports the average rent in New Bern, NC is $1,690, with a year-over-year rent change of -0.6%. Per bedroom, the median rent as of July '25 in New Bern, NC is 1-bedrooms: $1,120, 2-bedrooms: $1,250, 3-bedrooms: $1,840, 4-bedrooms: $2,260. The most common rental property sizes in New Bern, NC are 2-bedroom and 3-bedroom, accounting for 44.1% and 36.7% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,700$1,690
    Studio Rent N/AN/A
    1 Bed Rent $975$1,120
    2 Bed Rent $1,200$1,250
    3 Bed Rent $1,800$1,840
    4 Bed Rent $2,300$2,260
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    % of Rental Stock

    Studio
    1.7%
    1 Bedroom
    10.0%
    2 Bedrooms
    44.1%
    3 Bedrooms
    36.7%
    4 Bedrooms
    7.6%

    Property Listings — New Bern, NC

    As of May '26, Realtor.com reports that the median days on market for a home in New Bern, NC is 57. This is a increase of 15.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 18.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$350,0003.0%
    Listing Count
    		272-3.0%
    Listings as % of Homes1.0%-3.0%
    Days on Market
    		5715.0%
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    Demographics — New Bern, NC

    As of the latest ACS Survey released in 2023, New Bern, NC has a population of 28,000, which has increased by 1.4% over the past 5 years. New Bern, NC is a moderately popular place for families, as children make up 23.2% of the population. The area has a moderately educated workforce, with 25.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.3% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		28,0001.4%
    % Under 18
    		23.2%3.6%
    % Seniors
    		21.6%3.3%
    % WFH
    		8.3%176.7%
    % w/ College Degree
    		25.4%14.4%
    Loading chart...

    As of the latest ACS Survey released in 2023, New Bern, NC is a predominantly white area, with 65.2% of the population identifying as white. The white population has shrunk by 8.6% in the last 5 years. The second most common race or ethnicity in New Bern, NC is black, making up 19.8% of the population. Foreign-born residents account for 5.9% of the population in New Bern, NC, and this percentage has increased by 5.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		65.2%-8.6%
    % Black
    		19.8%11.2%
    % Hispanic
    		5.9%18.0%
    % Asian
    		4.4%18.9%
    % Foreign Born
    		5.9%5.4%
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    Mortgage and Risk — New Bern, NC

    According to HUD data as of 2023, there were 815 mortgage originations in New Bern, NC, of which 63.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in New Bern, NC. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		815
    % Conventional Loans
    		63.0%
    % Government Loans
    		37.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		5.0%
    % Cash Out Refinance
    		10.0%
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    Rentals and Section 8 — New Bern, NC

    As of 2024, the percent of homes in New Bern, NC under the Section 8 program is 23.5%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom units appear to be good home sizes to consider for Section 8 housing in New Bern, NC, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom and 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		833
    Total Units Section 8
    		782
    % Rentals under Section 8
    		23.5%
    % Occupied Section 8
    		93.9%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$5$975$970
    2 Bedroom$70$1,200$1,270
    3 Bedroom-$100$1,800$1,700
    4 Bedroom-$200$2,300$2,100

    Affordability — New Bern, NC

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.8
    Median Home Price$273,000
    Median Household Income$62,100

    New Bern, NC — ZIP Code Boundary Map

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    Frequently Asked Questions