HousingHandbookReference data

U.S. ZIP Code · NC28557

Carteret County

Typical home value

$415,490[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+0.3%
5-year / yr
+6.6%
10-year / yr
+6.1%

Relative price

vs U.S.
+46.3%
vs metro
vs state
+46.0%
ZIP 28557 location in NC
Location of ZIP 28557 in NC

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 28557 is worth $415,490. Over the past year, values have risen 0.3%. Homes here rent for a typical $1,659 a month — a 4.8% gross rental yield. The effective property tax rate is 0.4%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
$1,659[2]
Gross yield
4.8%[2]
Cap rate
2.9%[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
0.4%[3]
Typical annual tax
$1,810[3]

#Climate risk

FEMA National Risk Index ratings for Carteret County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Moderate[4]
Riverine flood
Relatively Low
Coastal flood
Relatively High
Wildfire
Relatively Low
Drought
Very Low
Heat wave
Relatively Low
Hurricane
Very High
Tornado
Relatively Low
Earthquake
Very Low
Winter weather
Relatively High

#Who lives here

Population
15,253[3]
Median household income
$68,528[3]

#Migration

Household moves in and out of Carteret County over a year, from IRS tax-return data.

Net migration
+327[5]
Moved in
2,353
Moved out
2,026

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
5
Elementary
2
Middle
1
High
2
  • West Carteret High

    High · Grades 9–12 · Carteret County Public Schools

    1,097 students

  • Morehead City Middle

    Middle · Grades 6–8 · Carteret County Public Schools

    524 students

  • Morehead City Primary

    Elementary · Grades PK–3 · Carteret County Public Schools

    517 students

  • Morehead Elem at Camp Glenn

    Elementary · Grades 4–5 · Carteret County Public Schools

    255 students

  • Bridges School

    High · Grades 6–12 · Carteret County Public Schools

    13 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield4.8%
Net yield (after ~40% expenses)2.9%
Annual rent$19,907

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$2,101
Loan principal$332,392
Down payment$83,098
Total interest paid$423,948

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio1.57
Monthly cost to own$2,600
Monthly rent$1,659

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
[1]
Rental yield
[2]
Property tax
[3]

Frequently asked

How much is a home worth in ZIP code 28557?
The typical home in 28557 is worth $415,490, based on the Zillow Home Value Index.
Are home values rising in 28557?
Home values in 28557 are up 0.3% over the past year, and up 6.6% a year over five years.
What is the typical rent in 28557?
A typical home in 28557 rents for about $1,659 a month, a gross rental yield of 4.8%.
What is the property tax rate in 28557?
The effective property tax rate in 28557 is 0.4% — roughly $1,810 a year on a typical home.
Who lives in 28557?
ZIP code 28557 has a population of 15,253 and a median household income of $68,528.

Compare ZIPs

Pit ZIP 28557 against any other ZIP — full side-by-side table.

Compare 28557

#Jump to section