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Cherry Branch, NC Home Values and Rents
The median home value in Cherry Branch is $262,200, 196th highest of 454 cities and towns in North Carolina. Median rent is $1,706 a month.
- Median home value
- $262,200
- 196th of 454 in NC
- Median rent
- $1,706/mo
- ACS 2020-2024
- Price change, 1 year
- +2.8%
- County index, 2025
- Homeownership
- 85.9%
- NC: 66.6%
Home sale prices in the New Bern, NC area
Zillow median sale price, Sep 2026
$282,386-0.7% from a year earlier
Half of homes in the metro area sold for more and half for less. Zillow publishes sale prices for metro areas, not for single counties or cities.
Craven County home price trend
FHFA annual House Price Index for Craven County, 2000 = 100, compared with North Carolina
Show as a table
| Period | Craven County |
|---|---|
| 2025 | 248 |
| 2024 | 241 |
| 2023 | 221 |
| 2022 | 198 |
| 2021 | 167 |
| 2020 | 148 |
| 2019 | 146 |
| 2018 | 135 |
| 2017 | 130 |
| 2016 | 129 |
| 2015 | 125 |
| 2014 | 126 |
| 2013 | 125 |
| 2012 | 129 |
| 2011 | 133 |
Beta
Over five years, Craven County prices changed +67.4%, compared with +41.2% for North Carolina.
Source: Federal Housing Finance Agency · Last updated 08/01/2026
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Fair Market Rents, FY2027
HUD rent standard for Craven County, NC
| Unit size | Monthly rent | vs FY2026 |
|---|---|---|
| Studio | $946 | +5.5% |
| 1 bedroom | $952 | +5.5% |
| 2 bedrooms | $1,246 | +5.2% |
| 3 bedrooms | $1,644 | +3.3% |
| 4 bedrooms | $1,985 | -0.2% |
Frequently asked questions
- What is the median home value in Cherry Branch, NC?
- The median home value in Cherry Branch is $262,200, based on the American Community Survey 2020-2024 5-year estimates. The North Carolina median is $288,900.
- How much is rent in Cherry Branch?
- The median rent in Cherry Branch is $1,706 a month, including utilities paid by the renter. HUD's FY2027 Fair Market Rent for a two-bedroom unit is $1,246.
- Are home prices going up in Cherry Branch?
- Home prices in Craven County changed +2.8% over one year and +67.4% over five years, as of 2025.
- How does Cherry Branch compare with the rest of North Carolina?
- Cherry Branch has the 196th highest median home value of 454 cities and towns with 1,000+ residents in North Carolina.