Rental numbers for the Morehead City, NC metro
The typical home here runs -$1,746 a month at 7.78% with 25% down. 0 of 5 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 5.1%.
- Gross yield
- 4.5%
- typical home, Zillow
- Median ZIP yield
- 5.1%
- 5 ZIPs with full data
- Cash flow
- -$1,746/mo
- at 7.78%, 25% down
- Typical price
- $471,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,773/mo
- Zillow ZORI, Aug 2026
ZIP codes in the metro
15 with published figures
| 28577Sealevel | $186,000 | $1,200* | 7.8% | 4.1% | -$373 | n/a |
| 28524Davis | $231,000 | $1,200* | 6.2% | 3.0% | -$658 | n/a |
| 28570Newport | $345,000 | $1,782 | 6.2% | 3.3% | -$909 | n/a |
| 28511Atlantic | $234,000 | $1,200* | 6.2% | 2.8% | -$716 | n/a |
| 28516Beaufort | $420,000 | $2,000 | 5.7% | 3.0% | -$1,208 | n/a |
| 28581Stacy | $251,000 | $1,180* | 5.6% | 2.5% | -$836 | n/a |
| 28553Marshallberg | $278,000 | $1,200* | 5.2% | 2.2% | -$993 | n/a |
| 28557Morehead City | $418,000 | $1,761 | 5.1% | 2.5% | -$1,388 | +5.9% |
| 28584Peletier | $401,000 | $1,688 | 5.1% | 2.3% | -$1,386 | n/a |
| 28520Cedar Island | $289,000 | $1,130* | 4.7% | 1.9% | -$1,102 | n/a |
| 28579Smyrna | $293,000 | $1,100* | 4.5% | 1.8% | -$1,131 | n/a |
| 28528Gloucester | $349,000 | $1,100* | 3.8% | 1.1% | -$1,560 | n/a |
| 28531Harkers Island | $408,000 | $1,190* | 3.5% | 1.1% | -$1,817 | n/a |
| 28512Harkers Island | $608,000 | $1,500 | 3.0% | 0.8% | -$2,864 | n/a |
| 28594Emerald Isle | $764,000 | $1,690* | 2.6% | 0.6% | -$3,728 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +3.1%
- Rent, 12 months
- +4.4%
- Rent minus price growth
- +1.3 pts
- Property tax
- 0.45%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $358,330 | n/a |
| Aug 2022 | $426,738 | $1,399 |
| Aug 2023 | $445,733 | $1,525 |
| Aug 2024 | $456,206 | $1,643 |
| Aug 2025 | $457,364 | $1,698 |
| Aug 2026 | $471,443 | $1,773 |
Counties
- Carteret County, NC5.1% median yield
Tools
Test a listing in the Morehead City, NC area against today's rate.
Open the calculatorQuestions
- Is the Morehead City, NC metro good for rental property?
- The typical home here runs -$1,746 a month at 7.78% with 25% down. 0 of 5 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 5.1%. Figures assume a typical home, 7.78% with 25% down and the default costs on the methodology page.
- Which ZIP codes in the Morehead City, NC metro have the highest rental yield?
- 28570 (Newport) at 6.2%, 28516 (Beaufort) at 5.7%, 28557 (Morehead City) at 5.1%, on Zillow value and rent. The full table above sorts by any column.
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.
- 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.
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.