SIALIMStatistical Intelligence for America's Local Investment Markets

28520Cedar Island, NC Home Values

Typical home value $292,982 as of June 2026 · 9th of 15 in Morehead City, NC

Typical value — June 2026
$292,982
observed, not a forecast
Past 12 months
+7.8%
trailing year-over-year change
Past 5 years
+33.3%
June 2021 to June 2026
Rank in metro
9th
of 15 ZIP codes, by value

Blue: typical home value (Zillow ZHVI) in ZIP code 28520, June 2021 to June 2026. This page shows observed data only; no forecast.

How 28520 compares in the Morehead City, NC area

ZIP code 28520 (Cedar Island, NC) has a typical home value of $292,982 as of June 2026, ranking 9th of 15 ZIP codes tracked in the Morehead City, NC area, more expensive than about 47% of ZIP codes in the metro. Prices here have moved +7.8% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +33.3%, from $219,773 in June 2021 to $292,982 in June 2026.

Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Morehead City, NC forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Morehead City.

Population and demographics

ZIP code 28520 has a population of 143, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 97.1% White, and 2.9% two or more races.

Nearby public schools

SchoolAddressDistance
Atlantic Elementary151 School Drive, Atlantic, NC10.5 mi
Down East Middle and Smyrna Elementary174 Marshallberg Road, Smyrna, NC16.8 mi
East Carteret High3263 Hwy 70 E, Beaufort, NC17.5 mi

Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.

Frequently asked questions

What is the typical home value in ZIP code 28520?

$292,982 as of June 2026, the latest month Zillow has published observed data for.

Is 28520 an expensive ZIP code in the Morehead City, NC area?

28520 ranks 9th of 15 ZIP codes in the Morehead City, NC area by typical home value, more expensive than about 47% of ZIP codes in the metro.

How much have home values in 28520 changed over the past year?

+7.8% over the trailing 12 months, from observed Zillow data.

What is the population of ZIP code 28520?

143, per the US Census Bureau's American Community Survey 5-year estimate.

What are the closest public schools to ZIP code 28520?

Atlantic Elementary (10.5 mi), Down East Middle and Smyrna Elementary (16.8 mi), East Carteret High (17.5 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.

Is this page showing a forecast for 28520?

No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Morehead City, NC forecast for a modeled outlook.

ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.