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Market Snapshot

Median listing price
$397K

The median listing price in New Bern, NC ZIP 28562 is $397,450 as of May 2026.

Median rent
$1,750/mo

The median market rent in New Bern, NC ZIP 28562 is $1,750/month as of May 2026.

Days on market
244 days

The median days on market in New Bern, NC ZIP 28562 is 244 days as of May 2026. The market is currently neutral.

Gross rental yield
5.28%

At a median list price of $397,450 and a median rent of $1,750/month, the gross rental yield in New Bern, NC ZIP 28562 is 5.28% as of May 2026.

STR vs LTR
$2,294/mo STR · $1,750/mo LTR

In New Bern, NC ZIP 28562, median Airbnb revenue is $2,294/month compared to median long-term rent of $1,750/month as of May 2026.

New Bern, NC 28562 Real Estate Market Report

ZIP Code: 28562

Report Date: May 2026

Market Temperature:
NEUTRAL

Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.


Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Analysis Window
90 Days
Total Properties Analyzed
168
Active Listings
83
Sold Properties
85

Market Metrics

Median Listing Price
$397,450
Median Sold Price
$319,945
Median Price per Sqft
$201/sqft

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.


Rental Market

Median Market Rent
$1,750

Property Taxes

Property Tax Rate
0.57%

Liquidity & Velocity

Median Days on Market
244
Sale-to-List Ratio
100.0%

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.


Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Price YoY Trend
up
Market Temperature
neutral
Rent YoY Trend
flat
Interest Rate Pressure
elevated

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in New Bern, NC, are averaging approximately 6.36% to 6.58% as of May 2026, reflecting a period of sustained upward pressure on borrowing costs for property owners in this market.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.


Key Findings

  1. The primary indicator of recent transaction activity is the median sold price of $319,945, which reflects market value in May 2026 and sits alongside a year-over-year price trend that is up.
  2. The median listing price of $397,450 sits above the median sold price of $319,945, a spread that may indicate pricing friction between seller expectations and realized transaction prices.
  3. Liquidity appears muted given the prolonged median days on market of 244, which suggests slower sales velocity and gives buyers more time to negotiate on individual SFR and condo transactions.
  4. Market context shows a neutral market temperature and rent trends that are flat while interest rate pressure is elevated—current mortgage conditions are described as averaging approximately 6.36% to 6.58%—so expect balanced-to-cautious buyer behavior and incremental sensitivity to financing costs.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.

Recent Transactions

620 W Wilson Creek Dr, Trent Woods, NC 28562
Top Sale

Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.

8 beds3 baths1,994 sqft
$910,000
Apr 1, 2026
$456/sqft/sqft
302 Plantation Dr, New Bern, NC 28562
Premium

Sold above market average

4 beds3 baths1,508 sqft
$885,000
May 1, 2026
$587/sqft/sqft
357 days on market
302 W Wilson Creek Dr, Trent Woods, NC 28562
Premium

Sold above market average

4 beds3 baths3,597 sqft
$850,000
Apr 1, 2026
$236/sqft/sqft
144 days on market
101 Gatewood Dr, New Bern, NC 28562
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

3 beds2 baths1,541 sqft
$312,000
Mar 1, 2026
$202/sqft/sqft
95 days on market
1008 Rodanthe Dr, New Bern, NC 28562
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

5 beds3 baths1,644 sqft
$310,000
Mar 1, 2026
$189/sqft/sqft
1216 days on market
102 Pinewood Dr, New Bern, NC 28562
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

3 beds2 baths1,604 sqft
$310,000
Apr 1, 2026
$193/sqft/sqft
188 days on market
1114 Plymouth Dr, New Bern, NC 28562
Value

Sold below market average

- beds2 baths1,232 sqft
$135,000
Apr 1, 2026
$110/sqft/sqft
5516 County Line Rd, New Bern, NC 28562
Value

Sold below market average

3 beds1 baths1,000 sqft
$130,000
Apr 1, 2026
$130/sqft/sqft

Investment Analysis

Compare rental income potential against ownership costs and benchmark against market averages.

Rent vs Cost to Own

Monthly rental income vs estimated ownership cost

-$90/mo
28562 Avg Rent
28562 Cost to Own
Rent$1,750
Own$1,840

20% down, 6.36% rate, 0.6% tax

Short-Term Rental

Avg nightly rate and occupancy for this ZIP

28562 Avg nightly rate
28562 Avg occupancy (days/year)
Nightly rate$157/night
Occupancy148 of 365 days

Data Sources

Real estate market data & public records, and GemHaus® proprietary models.

Report generated: 5/19/2026

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