Is the New Bern, NC metro area good for real estate investing?

The New Bern, NC metropolitan area has an investment score of 69/100, rated as "Buy". It ranks #250 nationally among 894 metro areas analyzed.

What is the rent-to-price ratio in New Bern, NC?

The rent-to-price ratio in the New Bern, NC metro area is 7.19% annually, which ranks in the 78th percentile nationally. Higher ratios indicate better cash flow potential.

What is the median home price in New Bern, NC?

The median home price in the New Bern, NC metro area is $264,554. The metro area includes 0 counties with prices ranging from the most affordable to more premium markets.

Can you cash flow on rental properties in New Bern, NC?

Based on median values with 20% down at current rates, a typical rental in the New Bern, NC metro would generate negative cash flow of $357/month. Individual property and county performance varies. Explore the county-level analysis for more specific opportunities.

Metropolitan Area

New Bern, NC

North Carolina0

/100

Buy

#250 of 894 metros

Top 28% nationally for investing

Market Snapshot

$264,554

Median Home Price

4% above national median

$1,584/mo

Median Rent

14% above national median

7.19%

Rent-to-Price Ratio

Top 22% nationally

-$357

Est. Monthly Cash Flow

With 20% down at 6.9% rate

Price History

Median Home Price

Median Rent

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Quick Investment Calculator

Down Payment20%

5%50%100%

Purchase

Purchase Price$264,554

Down Payment (20%)$52,911

Loan Amount$211,643

Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,584

Monthly P&I-$1,387

Est. Expenses (35%)-$555

Net Cash Flow-$357/mo

4.7%

Cap Rate (all cash)

-7.0%

Cash-on-Cash Return

7.19%

Rent-to-Price Ratio

Negative leverage: At 6.85% rates, borrowing costs exceed the 4.7% cap rate. All-cash buyers may see better returns.

* Based on metro-wide median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Individual counties and properties vary significantly.

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Score Breakdown

Overall Investment Score

69/100

Cash Flow(30%)

72/100

Based on 7.19% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)

80/100

Based on 3.0% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)

50/100

Based on 0.0% population growth. Growing areas indicate economic stability.

Affordability(20%)

73/100

Based on price relative to estimated local incomes.

Scores are calculated using real Zillow metro-level home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. This metro score represents area-wide averages; individual counties may vary significantly.

Investment Outlook

Strengths

+Above-average rent-to-price ratio (7.19%)
+Affordable relative to local incomes
+Low unemployment (0.0%)

Challenges

-Negative cash flow at typical financing (-$357/mo)
-Negative leverage (cap rate 4.7% < mortgage rate 6.9%)

Counties in New Bern, NC

County data is being compiled for this metro area.

Compare to Similar Metros

Metro Area					Verdict
Coffeyville, KS Coffeyville, KS	85	$101,366	$862	10.20%	Strong Buy	View
Blytheville, AR Blytheville, AR	84	$115,156	$1,064	11.08%	Strong Buy	View
Roanoke Rapids, NC Roanoke Rapids, NC	84	$107,523	$1,077	12.02%	Strong Buy	View
Enid, OK Enid, OK	83	$144,157	$1,250	10.40%	Strong Buy	View
Houghton, MI Houghton, MI	83	$194,696	$1,733	10.68%	Strong Buy	View
Current New Bern, NC	69	$264,554	$1,584	7.19%	Buy

The Bottom Line

BuyNew Bern, NC offers solid investment potential with good cash flow or appreciation prospects.

The New Bern, NC metro area scores 69/100, ranking #250 of 894 US metros (top 28%). The 7.19% rent-to-price ratio indicates moderate cash flow potential. Current metro-wide averages make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or drilling down to specific counties.

Monthly Cash Flow

$-357/mo

Cap Rate

4.7%

Cash-on-Cash

-8.1%

Ready to Invest in New Bern, NC?

Use our investment calculators to run detailed numbers on specific properties, or explore individual counties for more targeted opportunities.

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