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Affordable
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These days, finding an affordable place to live in the 28616 area can be challenging. Home prices in 28616 are now at a median cost of $286,900, lower than the North Carolina average of $323,314.
The average cost of rent is $773/mo in 28616, primarily driven by the current value of real estate in the 28616 area. In 28616, 7.46% of households rent, and 38.04% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 28616 is $10,688 per month. Households that rent pay about 7.23% of their income on rent here. 28616’s most expensive areas are in the central regions, while the cheapest areas are in the central 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
- 28662, NC: equally priced homes
- 28657, NC: equally priced homes
- 28646, NC: higher priced homes
- 28647, NC: equally priced homes
- 28622, NC: less expensive homes
- 28604, NC: higher priced homes
- 28777, NC: less expensive homes
- 28611, NC: less expensive homes
- 28705, NC: less expensive homes
- 37687, TN: less expensive homes
Zip Codes with Similar Populations
- 12176, NY: less expensive homes
- 78837, TX: less expensive homes
- 15721, PA: less expensive homes
- 26348, WV: less expensive homes
- 78590, TX: less expensive homes
- 13751, NY: less expensive homes
- 16724, PA: less expensive homes
- 81136, CO: less expensive homes
- 99781, AK: less expensive homes
- 82831, WY: higher priced homes
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