28562, New Bern, NC

The 28562 zip code of New Bern, NC is located in the southeastern corner of the state and includes a population of just over 21,000. The median home value in this zip code is $122,500 and the median household income is just over $50,000.

Home equity has been on the rise in recent years across most parts of the country, but especially in more affluent areas like the 28562 zip code of New Bern. In fact, according to Zillow’s Home Value Index (HVI), home values have increased by an average of 7.8% annually over the past five years here. This strong growth has led to record levels of home equity for many homeowners in this area – as seen by the fact that 61% of households here have at least some equity in their homes.

This strong demand for housing has had a positive impact on home prices in New Bern – which are now above both statewide and regional averages. According to Zillow’s latest Home Price Index (HPI), home values here are up 10% from a year ago and 18% from five years ago – making it one of the fastest-growing zip codes nationwide when it comes to prices.

While there are some potential risks associated with high levels of home equity – such as potential problems if interest rates rise or if there is a market crash – overall homeownership rates remain high and stable across much of North Carolina, so most people seem to be doing well financially when it comes to owning their homes here.