Lotvox market story

ZIP 28518

Duplin County, NC

What homes are worth, what they cost to carry, how fast they sell — one step at a time.

Typical home value
$229,061
12-month change
+2.7%
Months of supply
4.1

This week since 2026-10-08: Months of supply 4.1 (was 4.3) · Payment share of income 27.9% (was 27.6%)

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Who's going to sell in 28518 this year?

Lotvox Turnover Index

Ranking every home in 28518 by how likely it is to sell

Lotvox Turnover Index
Not yet live
Source: County assessor and recorder public records; Lotvox analysis (calculations on the sources above) · accuracy by ZIP · methodology

The Lotvox Turnover Index isn't offered for 28518 yet.

Where

28518 in Duplin County, NC

28325 · no value published28349 · $209,45728365 · $127,43128398 · $151,37428453 · $139,19228458 · $159,19628464 · $217,37928466 · $218,05428508 · $205,71228518 · $229,06128521 · $217,18928572 · $168,163 28518
$127K$229K typical home value
Source: Census TIGER/Line · Zillow (ZHVI)Source: U.S. Census Bureau, TIGER/Line boundaries; Zillow Home Value Index (ZHVI), Zillow Research

28518 is one of 12 ZIP codes that lie mostly in Duplin County, NC — 89% of its own area is in the county.

Shaded by typical home value, it ranks 1 of the 11 with a value.

Value rank in county
1 of 11

Source: U.S. Census Bureau, TIGER/Line boundaries; Zillow Home Value Index (ZHVI), Zillow Research

Local life

Schools in 28518

2 school locations in 28518: 1 middle, 1 high.

In alphabetical order: Beulaville Elementary, East Duplin High. Locations only — no ratings are shown here.

School locations
2

Source: U.S. Department of Education, National Center for Education Statistics (school locations)

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What it costs

Home values

What homes are worth in 28518

$0$100K$200K$300K200020052010201520202025Peak April 2026 · $229,648Latest · $229,061
Typical home value
Source: Zillow (ZHVI) · as of 2026-08-31Source: Zillow Home Value Index (ZHVI), Zillow Research · data as of 2026-08-31

In January 2000 the typical home in 28518 was worth $88,059.

Values peaked at $229,648 in April 2026. The latest reading is −0.3% from that peak.

As of August 2026: $229,061, +2.7% over twelve months.

Typical home value
$229,061
12-month change
+2.7%

Source: Zillow Home Value Index (ZHVI), Zillow Research · data as of 2026-08-31

Housing pulse

Monthly cost vs. price

Typical home
$229,061
Loan at 20% down
$183,249
30-year fixed rate
7.40%
Monthly principal + interest
$1,269
Median household income, per month
$4,542
Share of income
27.9%
0%30%60%
At today's rate, by home value, 2000–2026: 10.7% → 27.9%
Source: Zillow (ZHVI) · Freddie Mac via FRED · Census ACS · Lotvox · as of 2026-08-31Source: Zillow Home Value Index (ZHVI), Zillow Research; Freddie Mac, 30-Year Fixed Rate Mortgage Average in the United States (MORTGAGE30US), retrieved from FRED®, Federal Reserve Bank of St. Louis; U.S. Census Bureau, American Community Survey 5-year estimates; Lotvox analysis (calculations on the sources above) · data as of 2026-08-31

Start with the typical home: $229,061. Put 20% down and borrow $183,249 at 7.40%, the 30-year fixed average as of October 8, 2026.

That is $1,269 a month in principal and interest.

The median household here earns $54,500 a year, $4,542 a month. So the payment takes 27.9% of income — rated “affordable” (Lotvox ZIP bands: under 28% affordable · 28–36% stretched · 36%+ severe).

The line holds today's rate fixed and moves only the price: at that rate, the same share was 10.7% in 2000.

Payment share of income
27.9%
Monthly P&I
$1,269

Source: Zillow Home Value Index (ZHVI), Zillow Research; Freddie Mac, 30-Year Fixed Rate Mortgage Average in the United States (MORTGAGE30US), retrieved from FRED®, Federal Reserve Bank of St. Louis; U.S. Census Bureau, American Community Survey 5-year estimates; Lotvox analysis (calculations on the sources above) · data as of 2026-08-31

Lotvox lens

The payment, at each month's rate

$0$500$1K$2K2000200520102015202020252.68% rate · $4806.67% rate · $1,178
Monthly P&I at that month's 30-year rate
Source: Zillow (ZHVI) · Freddie Mac via FRED · Lotvox · as of 2026-08Source: Zillow Home Value Index (ZHVI), Zillow Research; Freddie Mac, 30-Year Fixed Rate Mortgage Average in the United States (MORTGAGE30US), retrieved from FRED®, Federal Reserve Bank of St. Louis; Lotvox analysis (calculations on the sources above) · data as of 2026-08

Take the typical home's price each month, borrow 80% at that month's actual 30-year average rate: in January 2000 (8.21%) the payment was $527.

In December 2020, with rates at 2.68%, it was $480.

By August 2026, at 6.67%, it was $1,178 — +146% since December 2020, while the home's value moved +55%.

Payment change since 2020
+146%

Source: Zillow Home Value Index (ZHVI), Zillow Research; Freddie Mac, 30-Year Fixed Rate Mortgage Average in the United States (MORTGAGE30US), retrieved from FRED®, Federal Reserve Bank of St. Louis; Lotvox analysis (calculations on the sources above) · data as of 2026-08

Lotvox lens

Home value after inflation

$0$100K$200K$300K200020052010201520202025
Home value (as reported)Prices in general (CPI-U), scaled to January 2000Home value in August 2026 dollars
Source: Zillow (ZHVI) · BLS CPI via FRED · Lotvox · as of 2026-08Source: Zillow Home Value Index (ZHVI), Zillow Research; U.S. Bureau of Labor Statistics, Consumer Price Index (CPI-U), via FRED®, Federal Reserve Bank of St. Louis; Lotvox analysis (calculations on the sources above) · data as of 2026-08
Deflated with CPI-U (seasonally adjusted, FRED CPIAUCSL) to August 2026; the site's Housing pulse chart uses its own CPI series, so older months can differ slightly.

Reported values rose +160% since January 2000.

General prices (CPI-U) rose +97% over the same span.

Divide one by the other: in August 2026 dollars, the 2000 home was worth $173,794. So the real change is +32%, not +160%.

Real change since 2000
+32%

Source: Zillow Home Value Index (ZHVI), Zillow Research; U.S. Bureau of Labor Statistics, Consumer Price Index (CPI-U), via FRED®, Federal Reserve Bank of St. Louis; Lotvox analysis (calculations on the sources above) · data as of 2026-08
Deflated with CPI-U (seasonally adjusted, FRED CPIAUCSL) to August 2026; the site's Housing pulse chart uses its own CPI series, so older months can differ slightly.

Home values

28518 against its neighbors

50100150200250300200020052010201520202025
28518 (2000 = 100)Duplin County (2000 = 100)North Carolina (2000 = 100)
Source: Zillow (ZHVI) · Lotvox · as of 2026-08Source: Zillow Home Value Index (ZHVI), Zillow Research; Lotvox analysis (calculations on the sources above) · data as of 2026-08

28518: +160% since January 2000.

Duplin County: +157% since January 2000.

North Carolina: +156% since January 2000 — 28518 ran ahead of it by 4 points.

Change since 2000
+160%

Source: Zillow Home Value Index (ZHVI), Zillow Research; Lotvox analysis (calculations on the sources above) · data as of 2026-08

Lotvox lens

Rent or own

Own: payment + 1.2%/yr taxes & insurance
$1,498
principal + interest $1,269 · taxes & insurance est. $229
Rent: typical rent (ZORI)
$859
Price-to-rent ratio
22.2
Source: Zillow (ZHVI) · Zillow (ZORI) · Freddie Mac via FRED · LotvoxSource: Zillow Home Value Index (ZHVI), Zillow Research; Zillow Observed Rent Index (ZORI), Zillow Research; Freddie Mac, 30-Year Fixed Rate Mortgage Average in the United States (MORTGAGE30US), retrieved from FRED®, Federal Reserve Bank of St. Louis; Lotvox analysis (calculations on the sources above)

Owning the typical home costs about $1,498 a month once taxes and insurance (estimated at 1.2% of price a year) are added. Renting runs about $859 a month.

Price divided by a year's rent: 22.2. Lotvox reads under 15 as favoring buying and 20 or more as favoring renting.

Price-to-rent
22.2

Source: Zillow Home Value Index (ZHVI), Zillow Research; Zillow Observed Rent Index (ZORI), Zillow Research; Freddie Mac, 30-Year Fixed Rate Mortgage Average in the United States (MORTGAGE30US), retrieved from FRED®, Federal Reserve Bank of St. Louis; Lotvox analysis (calculations on the sources above)

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What's moving

Housing pulse

Listings Flow Ladder

per month / homes for sale2024-092026-08balanced 4–6 mo4.1 mo4.1 months of supplyNet −1 / month · inventory shrinking
New listings / monthHomes for saleClosed sales / monthBasin water level = months of supply
Source: Redfin · Lotvox · as of 2026-08-31Source: Redfin Data Center (market tracker data); Lotvox analysis (calculations on the sources above) · data as of 2026-08-31

Picture the Listings Flow Ladder as a basin: new listings pour in from the faucet, the homes for sale are the water, and closed sales run out the drain. Coming in — new listings: about 7 a month (Redfin, 3-month rolling data through August 2026).

On the shelf — homes for sale at the end of the period: 33.

Going out — closed sales: about 8 a month.

The ladder: homes for sale ÷ monthly sales = 4.1 months of supply — inside the 4–6 month balanced range. In the basin, that is the water level against the shaded balanced band.

The net reading: about 1 more homes sold than came on each month, so inventory is shrinking. The basin is draining.

Months of supply
4.1

Source: Redfin Data Center (market tracker data); Lotvox analysis (calculations on the sources above) · data as of 2026-08-31

Housing pulse

Sales pace vs. normal

05101520252026
Homes sold per monthSame months, 2015–2019
Source: Redfin · Lotvox · as of 2026-08Source: Redfin Data Center (market tracker data); Lotvox analysis (calculations on the sources above) · data as of 2026-08

Homes sold: about 8 a month in August 2026 (Redfin).

The 2015–2019 level for the same month was 5 — so sales ran at 160% of it, and below it in 4 of the last 24 months.

Sales vs 2015–19 level
160%

Source: Redfin Data Center (market tracker data); Lotvox analysis (calculations on the sources above) · data as of 2026-08

New supply

Homes being permitted

0501001502022100202311020241342025127
1-unit buildings2–4 units5+ units
Source: Census permits · as of 2025Source: U.S. Census Bureau, Building Permits Survey · data as of 2025

Across Duplin County, builders pulled permits for 127 new homes in 2025.

Of those, 92% were in 1-unit buildings (the Census Bureau's category for detached and attached single homes).

Units permitted 2025
127

Source: U.S. Census Bureau, Building Permits Survey · data as of 2025

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Who's holding, who's leaving

Housing pulse

Migration and inventory

Moved in (top-10 origin counties)
610
Moved out (top-10 destination counties)
631
Net households
−21
Top origins
Onslow, NC123
Wayne, NC122
Sampson, NC99
Top destinations
Wayne, NC131
Onslow, NC122
Sampson, NC101
Homes for sale, 2012–2026
Source: IRS SOI · Redfin · as of 2026-06-01Source: IRS Statistics of Income, county-to-county migration data; Redfin Data Center (market tracker data) · data as of 2026-06-01

This ZIP sits in Duplin County. IRS tax returns for 2022-2023: among the ten counties sending the most households, 610 moved in. Among the ten receiving the most, 631 moved out.

Net across those counties: −21 households. Beside it, homes for sale in this ZIP: 33 in June 2026.

Most arrivals came from Onslow, NC (123 households); most departures went to Wayne, NC (131).

Net households (top-10 flows)
−21

Source: IRS Statistics of Income, county-to-county migration data; Redfin Data Center (market tracker data) · data as of 2026-06-01

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What to do

Own a home here?What's my home worth?Enter your address for a county-record value range. Buying?Compare 28518 with 28466The same story, side by side. An agent?See where the index is livethe farm territory and this page's sponsor spot.

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Link: https://lotvox.com/story/morehead-city/zip/28518