North Carolina is home to so many cities, many of them more or less college towns originally, that have exploded. Charlotte is the largest, but many others like Raleigh, Winston-Salem, Durham, Greensboro have all seen surges in population. Not surprisingly, this population growth has been accompanied by economic growth, and consequent growth in wealth.
As part of an ongoing series, we’ve been analyzing ever state in the country in terms of what the most expensive ZIP codes are. Here, we’re investigating the most expensive ones in North Carolina. As a coastal state, North Carolina possesses a string of beach towns that command high home prices. But there are less well-known areas of the state that are surprisingly expensive.
Read on to find out the most expensive ZIP codes in North Carolina in 2024, based on the latest data from Zillow’s home value index.
The Most Expensive ZIP Codes in North Carolina
Sourcing data from Zillow’s home value index, as well as the Census Bureau’s 2023 American Community Survey, we analyzed thousands of ZIP codes across the U.S. as part of a general survey. The Zillow home value index tracks (as of September 2024) the home values of 720 ZIP codes in North Carolina. As part of our analysis, we took into consideration the latest monthly home values Zillow has — September 2024 — as well as the average of 12 months of median home values from October 2023 to September 2024. Home values have grown immensely across America since the pandemic-induced buying frenzy, but home value appreciation in North Carolina has been particularly robust. In fact, in the third most expensive ZIP code in North Carolina witnessed home values double over the last five years.
Below are the 25 most expensive ZIP codes in North Carolina.
The Top 5 Most Expensive ZIP Codes in North Carolina
The No. 1 most expensive ZIP code in North Carolina is 28480, which is centered on Wrightsville Beach, east of Wilmington. This vacation town is very wealthy. The median household income here is $121,417, with a mean household income of $185,809. Over the last five years, the median home value surged by 73.1%, from $902,573 in September 2019 to over $1.562 million in September 2024.
The second most expensive ZIP code in North Carolina is 28207. This is an affluent part of Charlotte. The median household income is really high, at $217,656. But the average household income is $389,928, which is easily one of the highest incomes in the state. The home value appreciation here has been substantial, though not as great as in the No. 1 most expensive ZIP code. From a median of $960,099 in September 2019, the median home value rose by 55%, reaching $1.487.7 million by the end of September 2024.
The third most expensive ZIP code in North Carolina is far away from the beach as well as from major metro areas like Charlotte. ZIP code 28717 is far in the west of North Carolina, right on the border with South Carolina in the backcountry. Centered on the unincorporated village of Cashiers, ZIP code 28717 is home to a series of beautiful houses. This place has caught fire in recent years, with its median home value growing by 104.6% — doubling from $692,525 in September 2019 to over $1.416 million as of September 2024. This ZIP code’s upstart status can be seen in its incomes: With a median household income of $71,023, residents of ZIP code 28717 earn roughly the national median income, and yet the median home value isn’t far off from $1.5 million.
The No. 4 most expensive ZIP code in North Carolina is 28646, which is centered on Linville, far in the west of North Carolina near the Tennessee border. Like the third most expensive ZIP code, 28646 is another backcountry beauty. Incomes here are very similar to the other backcountry ZIP code 28717, with the median household income in 28646 being $71,538 and the average household income $128,171. Home values, however, are far beyond what those incomes convey. The median home value in ZIP code 28646 was over $1.251 million in September 2024, up 71.1% since September 2019 when it was $731,573.
The fifth most expensive ZIP code in North Carolina — 28741 — is based on the town of Highlands, which is yet another western backcountry place. It’s understandable that these rugged ZIP codes are so expensive because the scenery is superb. This ZIP code saw a massive increase in home values over the last five years. In September 2019, the median home value was $549,672, before rising by over 81%, to reach $995,427 in September 2024. However, like ZIP codes 28717 and 28646, the local incomes here cannot sustain these home prices: The median household income in ZIP code 28741 is $65,606.