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These days, finding an affordable place to live in the 28516 area can be challenging. Home prices in 28516 are now at a median cost of $346,209, higher than the North Carolina average of $323,314.
The average cost of rent is $911/mo in 28516, primarily driven by the current value of real estate in the 28516 area. In 28516, 27.17% of households rent, and 51.93% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 28516 is $5,466 per month. Households that rent pay about 16.67% of their income on rent here. 28516’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern 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
- 28528, NC: less expensive homes
- 28531, NC: less expensive homes
- 28579, NC: equally priced homes
- 28553, NC: equally priced homes
- 28557, NC: equally priced homes
- 28589, NC: less expensive homes
- 28512, NC: higher priced homes
- 28524, NC: less expensive homes
- 28581, NC: less expensive homes
- 28570, NC: less expensive homes
Zip Codes with Similar Populations
- 86336, AZ: higher priced homes
- 28377, NC: less expensive homes
- 28470, NC: less expensive homes
- 48065, MI: equally priced homes
- 55092, MN: higher priced homes
- 59860, MT: higher priced homes
- 59870, MT: higher priced homes
- 75428, TX: less expensive homes
- 76657, TX: equally priced homes
- 77094, TX: higher priced homes
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