ZIP Code Market Report
28557 — Morehead City, NC
Data through February 2026 · Updated monthly
Avg Home Value
$405,910
▼ 0.5% year-over-year
Month-over-Month
-0.6%
▼ 0.6%
Single Family
$418,183
Condo / Co-op
$346,375
The average home value in the 28557 ZIP code (Morehead City, North Carolina) is $405,910 as of February 2026. Home prices are stable, down 0.5% compared to last year.
A 3-bedroom home in 28557 is valued at $413,763. Single-family homes average $418,183, while condos average $346,375.
The market in 28557 has a $395,335 spread between bottom-tier homes at $275,284 and top-tier homes at $670,619. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
Looking ahead, Zillow's forecast model projects home values in the 28557 ZIP code will increase 0.6% over the next 12 months, bringing the projected average to approximately $408,346. This modest projected change should be factored into any investment analysis for properties in this area.
This report is part of the Carteret County market area in North Carolina. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Carteret County report.
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Market Snapshot
28557 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $411,286 | $408,379 | $405,910 | ▼ 1.3% |
| Single Family Value | $418,265 | $418,338 | $418,183 | No Change |
Home Values
28557 Home Value Trend
Historical home values for ZIP code 28557. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
By Bedroom
What Homes Cost in 28557
Median home values by bedroom count in this ZIP code.
| Bedrooms | Median Value |
|---|---|
| 2 Bedrooms | $271,396 |
| 3 Bedrooms | $413,763 |
| 4 Bedrooms | $600,625 |
Property Types
Home Values by Property Type in 28557
How different property types compare in this ZIP code.
All Homes
$405,910
Single Family
$418,183
Condo / Co-op
$346,375
Bottom Tier
$275,284
Top Tier
$670,619
Forecast
12-Month Home Value Forecast for 28557
Zillow projects home values in 28557 will increase 0.6% over the next year, reaching approximately $408,346.
Current Value
$405,910
Projected Change
+0.6%
▲ 0.6%
Projected Value
$408,346
Source: Zillow Home Value Forecast (ZHVF). Forecasts are not guarantees.
Data Sources and Methodology
Home value data for ZIP code 28557 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
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