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These days, finding an affordable place to live in the New Bern area can be challenging. Home prices in New Bern are now at a median cost of $244,879, lower than the North Carolina average of $323,314.
The average cost of rent is $1,188/mo in New Bern, primarily driven by the current value of real estate in the New Bern area. In New Bern, 31.92% of households rent, and 39.68% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in New Bern is $5,780 per month. Households that rent pay about 20.55% of their income on rent here. New Bern’s most expensive areas are in the eastern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Trent Woods, NC: higher priced homes
- James City, NC: equally priced homes
- Bridgeton, NC: less expensive homes
- Fairfield Harbour, NC: higher priced homes
- Forest, NC: less expensive homes
- Thurman, NC: higher priced homes
- River Bend, NC: equally priced homes
- Rowes Corner, NC: less expensive homes
- Olympia, NC: less expensive homes
- Reelsboro, NC: less expensive homes
Cities with Similar Populations
- Rockwall, TX: higher priced homes
- Asheboro, NC: less expensive homes
- Middleburg, FL: higher priced homes
- Minnetonka, MN: higher priced homes
- Monroe, MI: less expensive homes
- Morgan Hill, CA: higher priced homes
- New Castle, DE: higher priced homes
- New Iberia, LA: less expensive homes
- Normal, IL: less expensive homes
- Olive Branch, MS: higher priced homes
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