Rental numbers for Craven County, NC
The typical home here runs -$673 a month at 7.78% with 25% down, breaking even at about 2.5%. 0 of 3 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 7.0%.
- Gross yield
- 6.8%
- typical home, Zillow
- Median ZIP yield
- 7.0%
- 3 ZIPs with full data
- Cash flow
- -$673/mo
- at 7.78%, 25% down
- Typical price
- $276,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,569/mo
- Zillow ZORI, Aug 2026
ZIP codes in Craven County
7 with published figures
| 28526Dover | $137,000 | $1,190* | 10.4% | 5.8% | -$81 | n/a |
| 28523Cove City | $184,000 | $1,190* | 7.8% | 4.0% | -$383 | n/a |
| 28560New Bern | $271,000 | $1,686 | 7.5% | 4.1% | -$527 | +3.5% |
| 28586Vanceboro | $198,000 | $1,190* | 7.2% | 3.5% | -$497 | n/a |
| 28532Havelock | $235,000 | $1,381 | 7.0% | 3.5% | -$590 | +0.5% |
| 28527Ernul | $223,000 | $1,190* | 6.4% | 2.9% | -$653 | n/a |
| 28562Trent Woods | $317,000 | $1,590 | 6.0% | 3.0% | -$921 | +5.4% |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +2.2%
- Rent, 12 months
- +3.5%
- Rent minus price growth
- +1.3 pts
- Property tax
- 0.63%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $200,305 | $1,153 |
| Aug 2022 | $233,423 | $1,377 |
| Aug 2023 | $251,927 | $1,389 |
| Aug 2024 | $264,325 | $1,446 |
| Aug 2025 | $269,896 | $1,516 |
| Aug 2026 | $275,758 | $1,569 |
HUD Fair Market Rent
FY2027, Craven County, NC
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $946 | $952 | $1,246 | $1,644 | $1,985 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 11.8
- 508 units, last 12 months
- National percentile
- 77th
- among US counties
Tools
Test a listing in Craven County against today's rate.
Open the calculatorPart of the New Bern, NC metro.
Questions
- Is Craven County good for rental property?
- The typical home here runs -$673 a month at 7.78% with 25% down, breaking even at about 2.5%. 0 of 3 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 7.0%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Craven County?
- About 0.63% of value, from Census ACS median taxes paid over median home value. On a $276,000 home that is about $1,726 a year.
- What is Fair Market Rent in Craven County?
- HUD's FY2027 Fair Market Rent here is $952 for a 1-bedroom, $1,246 for a 2-bedroom and $1,644 for a 3-bedroom. Typical cash flow at today's rate is -$673 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.