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Affordable
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These days, finding an affordable place to live in the 28016 area can be challenging. Home prices in 28016 are now at a median cost of $223,550, lower than the North Carolina average of $323,314.
The average cost of rent is $926/mo in 28016, primarily driven by the current value of real estate in the 28016 area. In 28016, 27.15% of households rent, and 47.90% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 28016 is $4,944 per month. Households that rent pay about 18.73% of their income on rent here. 28016’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the zip.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Zip Codes
- 28052, NC: less expensive homes
- 28034, NC: higher priced homes
- 28086, NC: equally priced homes
- 28077, NC: higher priced homes
- 28054, NC: equally priced homes
- 28033, NC: equally priced homes
- 28021, NC: equally priced homes
- 28169, NC: less expensive homes
- 28098, NC: equally priced homes
- 28056, NC: higher priced homes
Zip Codes with Similar Populations
- 00982, PR: less expensive homes
- 74033, OK: equally priced homes
- 46184, IN: higher priced homes
- 45223, OH: equally priced homes
- 77422, TX: less expensive homes
- 80621, CO: higher priced homes
- 35504, AL: less expensive homes
- 89508, NV: higher priced homes
- 33403, FL: higher priced homes
- 33182, FL: higher priced homes
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