October 23

The Economic Landscape of New Bern: What It Means for Homebuyers and Investors

Welcome to New Bern, NC, a historic town with a thriving economy that offers great opportunities for both homebuyers and investors. The economic landscape of New Bern has been analyzed to understand its implications for those looking to purchase a home or make an investment. This charming town not only boasts a rich history and beautiful waterfront attractions but also shows promising signs of high growth and potential. Whether you’re a homebuyer seeking a vibrant community or an investor looking for a profitable venture, New Bern has plenty to offer.

Key Takeaways:

  • New Bern, NC is a historic town with a thriving economy.
  • The city’s growth indicators include GDP, standard of living, population, and labor force.
  • New Bern’s GDP has steadily increased over the years.
  • Standard of living factors show mixed results.
  • Housing in New Bern is relatively more affordable compared to beachfront areas.

A Charming Historic Town with Waterfront Attractions

Immerse yourself in the rich history and charm of New Bern, as you stroll along the scenic waterfront and explore the town’s fascinating historic sites. Located in North Carolina, New Bern is a delightful destination for both visitors and residents alike, boasting a unique blend of history and natural beauty.

New Bern’s historic town center is a treasure trove of beautifully preserved architecture and elegant homes. Take a leisurely walk through the streets lined with charming buildings, some dating back to the 18th century. As you wander the picturesque waterfront district, you’ll be captivated by the stunning views of the Neuse and Trent Rivers, which converge at the heart of the town. The waterfront offers a multitude of attractions, including charming shops, waterfront dining options, and outdoor activity rentals.

A Town Steeped in History

With a rich history dating back to its founding in 1710, New Bern is a place where historical tales come alive. The town played a significant role during the American Revolution and the Civil War, and its historical importance is evident in the numerous landmarks and museums found throughout. Explore the stunning Tryon Palace, the opulent former residence of the state’s colonial governor, or delve into the Civil War history by visiting the Battlefield Park, where you can witness the remnants of the past firsthand.

For outdoor enthusiasts, New Bern offers a plethora of recreational activities. Bask in the natural beauty of the Neuse River as you paddle along its tranquil waters or embark on a scenic boat tour to experience the coastal charm. If you prefer to stay on land, New Bern boasts an expansive network of hiking and biking trails, ensuring you can fully immerse yourself in the picturesque surroundings.

Attractions Description
Tryon Palace A historic landmark and former colonial governor’s residence that offers guided tours and captivating exhibitions.
Neuse River Enjoy water-based activities such as kayaking, paddleboarding, and boat tours on the scenic Neuse River.
Historic District Explore the charming streets of downtown New Bern, filled with beautifully preserved historic buildings.
The Birthplace of Pepsi Visit the birthplace of one of the world’s most iconic soft drinks, Pepsi, and learn about its fascinating history.

Whether you’re a history buff, nature lover, or simply seeking a charming getaway, New Bern has something to offer everyone. Immerse yourself in its rich heritage, enjoy the waterfront attractions, and discover the magic that awaits in this enchanting town.

Discover the Civil War History of New Bern

Uncover the captivating stories and remnants of the Civil War that are embedded within the historical fabric of New Bern, NC. As a historic town, New Bern played a significant role during this pivotal era, offering visitors a glimpse into the past and a deeper understanding of its rich history.

When exploring New Bern’s Civil War history, one must visit the numerous sites that have stood the test of time. Start your journey at Tryon Palace, a majestic structure that served as the first state capitol of North Carolina and was occupied by both Union and Confederate forces during the war. This preserved landmark allows visitors to step back in time and experience the grandeur of the period.

Another notable site is the New Bern Civil War Battlefield, where the Battle of New Bern took place in 1862. Today, visitors can walk through the fields and imagine the intensity of the conflict that unfolded on this hallowed ground. The battlefield serves as a reminder of the sacrifices made by soldiers and civilians alike during this tumultuous time.

Historical walking tours

In addition to these iconic sites, New Bern offers a variety of historical walking tours that take visitors on a journey through the city’s Civil War past. These tours provide fascinating insights into the daily lives of residents during the war, shedding light on the challenges they faced and the resilience they displayed.

As you stroll through the streets, you’ll encounter beautifully preserved homes, churches, and buildings that witnessed the events of the Civil War. Expert guides share stories of bravery, heroism, and hardship, offering visitors a deeper appreciation for New Bern’s place in history.

Notable Civil War Sites in New Bern Description
Tryon Palace A stunning palace that served as the state capitol during the war, offering a glimpse into the grandeur of the era.
New Bern Civil War Battlefield The site of the Battle of New Bern, where visitors can walk through fields that witnessed the conflict.
Historical Walking Tours Guided tours that take visitors through the city’s historic streets, sharing captivating stories of the Civil War.

Uncovering the Civil War history of New Bern is a truly immersive experience that allows you to connect with the past and gain a deeper understanding of the town’s cultural significance. Whether you visit the iconic sites or embark on a guided tour, you’re sure to be captivated by the stories and remnants of this transformative period.

Enjoy the Neuse River and Tryon Palace

Take in the breathtaking views of the Neuse River and step back in time as you explore the grandeur of Tryon Palace, a testament to New Bern’s rich heritage. Situated in the heart of this historic town, the Neuse River offers a picturesque setting that captivates visitors with its natural beauty. Whether you’re strolling along the riverfront, enjoying a leisurely boat ride, or simply soaking in the tranquility, the Neuse River is an idyllic spot to unwind and connect with nature.

Continuing your journey through New Bern, a visit to Tryon Palace is a must. Immerse yourself in the charm of this 18th-century Georgian-style mansion, which served as the first permanent capital of North Carolina. With its exquisite architecture, lush gardens, and fascinating exhibitions, Tryon Palace provides a captivating glimpse into the region’s colonial history. Wander through the opulent rooms, marvel at the period furnishings, and imagine yourself transported back in time to when New Bern was a bustling hub of political and social activity.

As you explore the grounds of Tryon Palace, don’t miss the North Carolina History Center, a state-of-the-art interactive museum that offers engaging exhibits and educational programs for all ages. Step into the past as you learn about the diverse cultures and communities that shaped New Bern’s history, from Native American tribes to European settlers and African Americans. The combination of stunning river views and the historical significance of Tryon Palace makes for a truly memorable experience in this charming historic town.

Key Attractions: Highlights:
Neuse River Breathtaking views, boat rides, riverfront walks
Tryon Palace 18th-century Georgian-style mansion, lush gardens, historical exhibitions
North Carolina History Center Interactive museum, educational programs, diverse cultural history

The Birthplace of Pepsi and More

Did you know that New Bern is not only a charming historic town but also the birthplace of the iconic beverage, Pepsi? Explore this and more fascinating tidbits as you delve into the heart of New Bern. With its rich history and unique landmarks, this historic town offers visitors a glimpse into the past while providing a vibrant and exciting present.

One of the must-visit attractions in New Bern is the Pepsi Store, where you can learn about the origin of this beloved soda and even try a refreshing Pepsi-Cola made with real cane sugar. The store is located in the original pharmacy where Caleb Bradham first invented Pepsi in 1893, making New Bern the birthplace of this global phenomenon.

But New Bern has more to offer than just its soda legacy. Take a stroll through the historic downtown district and admire the beautifully preserved architecture, browse through art galleries and boutiques, or indulge in delicious Southern cuisine at one of the many charming restaurants.

Other interesting landmarks in New Bern

  • The North Carolina History Center – Immerse yourself in the history of the area with exhibits and interactive displays that bring the past to life.
  • The Birthplace of Pepsi-Cola Store – Discover the origins of one of the world’s most famous beverages and sample a taste of history.
  • The Tryon Palace – Step back in time as you explore the stunning gardens and grand buildings of this former colonial governor’s residence.
  • The New Bern Firemen’s Museum – Learn about the history and heroes of the local fire department through fascinating exhibits and artifacts.

New Bern’s charm and historical significance make it a captivating destination for both residents and visitors alike. Whether you’re interested in exploring its Pepsi legacy, delving into its Civil War history, or simply enjoying the beautiful waterfront and outdoor activities, New Bern is sure to leave a lasting impression.

Key Points Details
Birthplace of Pepsi New Bern is where Pepsi was first invented by Caleb Bradham in 1893.
Historic Downtown Explore the well-preserved architecture, art galleries, boutiques, and restaurants.
North Carolina History Center Experience the rich history of the area through interactive exhibits and displays.
Tryon Palace Visit the grand residence of a former colonial governor and wander through its beautiful gardens.
New Bern Firemen’s Museum Learn about the local fire department’s history and heroes through engaging exhibits.

Uncover the Spirited Past with Ghost Tours

Brace yourself for a hair-raising adventure as you embark on a ghost tour through the shadowy streets of New Bern, where the past comes alive with eerie tales and unexplained phenomena.

New Bern, known for its rich history, offers a unique experience for those seeking a glimpse into the supernatural. Ghost tours take you on a captivating journey through the historic town, revealing its haunted past and introducing you to the spirits that still roam its streets.

As you walk the cobblestone paths, your knowledgeable guide will regale you with spine-chilling stories of apparitions and mysterious happenings. From spectral encounters in old Victorian homes to ghostly whispers in historic cemeteries, each stop on the tour unveils a new layer of New Bern’s spirited history.

What to Expect on a Ghost Tour What You’ll Learn
Explore the eerie ambiance of New Bern at night Discover the ghostly legends and folklore of the town
Visit haunted locations and hear firsthand accounts of paranormal activity Uncover the secrets and mysteries hidden within New Bern’s historic sites
Experience spine-chilling encounters and capture evidence of the supernatural Learn about the techniques used by ghost hunters and paranormal investigators

If you’re a thrill-seeker or history enthusiast, a ghost tour in New Bern is an unforgettable experience. Whether you believe in the supernatural or not, these tours offer a fascinating insight into the town’s ghostly past. So, gather your courage, join a tour, and prepare to be captivated by the chilling tales that will keep you on the edge of your seat.

The Vibrant Coastal Region and Outdoor Activities

Located in the picturesque coastal region of North Carolina, New Bern offers a playground for outdoor enthusiasts, with its stunning natural landscapes and a wide array of recreational activities. Nestled between the Neuse and Trent Rivers, this charming town provides ample opportunities to explore the beauty of nature.

One of the main attractions in New Bern is the Neuse River, which provides the perfect setting for water-based activities such as boating, kayaking, and fishing. With its calm waters and scenic views, it’s no wonder that the river is a popular destination for both locals and visitors alike. Additionally, the surrounding coastal region offers pristine beaches just a short drive away, where you can soak up the sun, swim in the ocean, or simply enjoy a leisurely stroll along the shore.

For those seeking a mix of adventure and relaxation, New Bern boasts numerous parks and nature trails that cater to different interests and skill levels. From the scenic trails of Croatan National Forest to the wildlife-rich preserves like the Greenfield Lake Park and Gardens, there’s no shortage of opportunities to connect with nature. Whether you’re an avid hiker, a birdwatching enthusiast, or simply looking for a peaceful spot to have a picnic, New Bern has it all.

Outdoor Activities in New Bern Location Activity Highlights
Neuse River Located in downtown New Bern Boating, kayaking, fishing
Historic Walking Tours Throughout the town Explore the historic landmarks on foot
Croatan National Forest Approximately 30 minutes from New Bern Hiking, camping, wildlife observation
Greenfield Lake Park and Gardens Wilmington, about 2 hours away from New Bern Walking trails, birdwatching, picnic areas

With its vibrant coastal region and abundance of outdoor activities, New Bern offers endless opportunities for adventure and relaxation. Whether you prefer to explore the waterways, hike through forests, or simply appreciate the natural beauty of the area, you’ll find something to suit your interests in this charming town.

Analyzing the Economic Growth Indicators

Taking a closer look at the economic growth indicators, such as GDP, standard of living, population, and labor force, is crucial for understanding the economic landscape of New Bern and its implications for prospective homebuyers and investors.

In terms of GDP, New Bern has experienced steady growth over the years. The city’s diverse economy, which includes sectors such as healthcare, education, tourism, and manufacturing, has contributed to its high growth potential. This makes New Bern an attractive destination for investors looking for opportunities in emerging markets.

However, when it comes to the standard of living factors, New Bern shows mixed results. While the cost of living in the city is relatively lower compared to beachfront areas, it is important to consider that approximately one-quarter of households in Craven County are cost-burdened, meaning they spend a significant portion of their income on housing expenses.

Indicator Data
Population Decrease in Craven County compared to neighboring counties
Labor Force Vital for attracting new businesses and industries to the area
Real Estate Prices Expected to fluctuate in the coming years

When considering investing in New Bern, it is important to take into account the population trends in Craven County. Unlike neighboring counties that have experienced growth, Craven County has seen a decrease in population. This can have implications for the local economy and the demand for housing in the long run.

Additionally, the labor force in Craven County plays a vital role in attracting new businesses and industries to the area. The availability of skilled workers and a supportive business environment contribute to the overall economic growth potential of New Bern.

Looking ahead, the housing market in New Bern is expected to see fluctuations in real estate prices. Factors such as property appreciation rate, population growth, property taxes, and rental market conditions should be considered by homebuyers and investors when making decisions in the market.

Steady GDP Growth and Mixed Standard of Living Factors

New Bern has experienced steady GDP growth in recent years, signaling a robust economy, although some standard of living factors present a more nuanced picture. The city’s GDP has shown consistent growth, reflecting a thriving economic landscape that offers potential opportunities for homebuyers and investors. However, when examining the standard of living factors, it becomes clear that there are both positive and challenging aspects to consider.

While New Bern’s GDP growth is encouraging, the standard of living factors reveal a more complex reality. Factors such as median household income and poverty rates show mixed results. The median household income in New Bern is relatively lower than the national average, indicating that some residents may face financial challenges. Additionally, the poverty rate in the city is higher than the state average, suggesting the presence of socioeconomic disparities that need attention.

Considering these mixed standard of living factors, it is important for homebuyers and investors to carefully analyze the economic landscape of New Bern. While the city’s steady GDP growth demonstrates economic stability, understanding the nuances of the standard of living factors is crucial for making informed decisions. Evaluating factors such as affordable housing options, cost-burdened households, and community initiatives aimed at improving living conditions can provide a comprehensive understanding of the city’s economic growth and its impact on residents.

Standard of Living Factors Findings
Median Household Income Relatively lower than national average
Poverty Rate Higher than state average

Factors to Consider

  • Affordability of housing options in New Bern
  • Percentage of cost-burdened households in Craven County
  • Community initiatives aimed at improving standard of living

Affordable Housing Compared to Beachfront Areas

For those seeking affordable housing options, New Bern provides a more accessible alternative compared to the pricier beachfront areas, although a quarter of households in Craven County still face housing cost challenges. In New Bern, the housing market offers a range of affordable options that cater to different budgets and preferences.

Despite being a coastal town, New Bern’s real estate prices are relatively more affordable than the beachfront areas nearby. This makes it an attractive destination for homebuyers looking to invest in a property without breaking the bank. The city offers a variety of housing options, from charming historic homes to modern condominiums, ensuring that there is something for everyone.

To illustrate the affordability of housing in New Bern, a comparison can be made between the average home prices in the city and those in the neighboring beachfront areas. The table below showcases the average home prices in New Bern and two popular beachfront destinations, Emerald Isle and Atlantic Beach.

Average Home Price
New Bern, NC $250,000
Emerald Isle, NC $550,000
Atlantic Beach, NC $700,000

As shown in the table, the average home prices in New Bern are significantly lower compared to Emerald Isle and Atlantic Beach. This affordability factor allows homebuyers and investors to find properties within their budget, making New Bern an appealing option for those looking for a more cost-effective alternative to beachfront living.

Population Trends in Craven County

While some neighboring counties in the region have seen population growth, Craven County, where New Bern is located, has experienced a decline in population. This decline can be attributed to various factors such as an aging population, limited job opportunities, and outmigration to more urban areas. Despite the overall decrease in population, it is important to note that New Bern remains an attractive destination for retirees seeking a slower pace of life and a lower cost of living.

Population Comparison with Neighboring Counties

County Population Population Growth
Craven 102,139 -2.1%
Pamlico 12,717 0.8%
Jones 10,211 -1.5%
Carteret 68,506 4.6%

As the table above shows, Craven County experienced a 2.1% decrease in population, while neighboring counties like Pamlico and Jones had marginal growth rates. Carteret County, which is also a coastal area, saw a significant population increase of 4.6%. These population trends highlight the need for economic development initiatives in Craven County to attract new residents and businesses.

Despite the decrease in population, New Bern remains a vibrant community with a rich history and a strong sense of community. The city’s charm, affordable housing options, and natural beauty continue to attract visitors and potential residents. It is important for homebuyers and investors to consider not only the current population trends but also the potential for future growth in New Bern and Craven County.

The Vital Labor Force for Economic Development

The thriving economy of New Bern depends on its robust labor force, which plays a crucial role in attracting businesses and industries for continued economic development. With a diverse range of skills and talents, the labor force in New Bern contributes to the growth and prosperity of the city. The availability of skilled workers makes New Bern an attractive destination for businesses looking to establish or expand their operations.

New Bern’s labor force consists of individuals from various sectors, including manufacturing, healthcare, education, and tourism. The city’s strategic location, proximity to major transportation routes, and access to a skilled labor pool make it an ideal place for businesses to thrive. Additionally, the presence of a highly educated workforce, supported by local universities and colleges, further enhances New Bern’s appeal for industries seeking to invest in the area.

In order to sustain economic growth, New Bern focuses on supporting the labor force through initiatives that encourage professional development, vocational training, and workforce readiness programs. By investing in the skills and knowledge of its workforce, New Bern ensures that businesses and industries have access to a skilled labor pool that meets their specific needs.

Industries Number of Employees
Manufacturing 5,000
Healthcare 7,500
Education 4,200
Tourism 3,800

The table above highlights the significant employment opportunities provided by key industries in New Bern. These industries form the backbone of the local economy and rely on the dedicated workforce to drive their success.

Housing Market Forecasts and Considerations for Homebuyers and Investors

To make informed decisions, prospective homebuyers and investors in New Bern should consider housing market forecasts and factors such as real estate prices, property appreciation rate, population growth, property taxes, and rental market conditions. Understanding these elements will help individuals navigate the dynamic real estate landscape and identify opportunities for growth and investment.

Real Estate Prices and Property Appreciation Rate

New Bern’s real estate market has experienced fluctuations in recent years. According to market forecasts, prices are expected to vary in the coming years, influenced by factors such as supply and demand, economic conditions, and interest rates. It is crucial for potential buyers and investors to closely monitor these trends to determine the best time to enter the market and maximize their investment potential.

In addition to real estate prices, property appreciation rate is an essential consideration. Historical data shows that New Bern has witnessed steady property value growth over time. However, it is important to note that the anticipated appreciation rate may vary depending on location, property type, and market conditions.

Population Growth and Property Taxes

Population growth is a key indicator of a city’s economic prospects and housing market stability. While Craven County has experienced a decrease in population, neighboring counties have seen growth. This demographic trend should be carefully evaluated by homebuyers and investors to assess the demand for housing and potential investment opportunities in New Bern.

Property taxes also play a significant role in homeownership and investment decisions. Homebuyers and investors should research and compare property tax rates in New Bern to neighboring areas to understand the financial implications and long-term affordability.

Rental Market Conditions

For individuals considering rental properties as an investment, understanding the rental market conditions in New Bern is crucial. Factors such as vacancy rates, rental rates, and rental demand should be thoroughly assessed to determine the potential income generation and return on investment.

Considerations for Homebuyers and Investors
Monitor real estate prices and property appreciation rate.
Evaluate population growth and its impact on housing demand.
Compare property tax rates in New Bern with neighboring areas.
Assess rental market conditions for potential income generation.

By considering housing market forecasts and these essential factors, prospective homebuyers and investors can make informed decisions and capitalize on the opportunities that New Bern presents. Conducting thorough research, seeking professional guidance, and staying updated on market trends are integral to successful ventures in the city’s real estate landscape.

Assessing the Growth and Health of the Community

Beyond economic indicators, evaluating the growth and health of the community is crucial for understanding the overall desirability of New Bern as a place to live or invest. While economic factors like GDP and standard of living provide important insights, they do not paint the full picture. A thriving community encompasses various aspects that contribute to its vibrancy and appeal.

One key consideration is population growth. In recent years, Craven County has experienced a decrease in population, in contrast to neighboring counties that have seen growth. This trend may indicate certain challenges or limitations within the community that could impact its long-term sustainability.

Another vital factor to consider is the health of the community. Good access to healthcare facilities and services, as well as a strong focus on promoting a healthy lifestyle, are crucial for residents’ overall well-being. A community that prioritizes the health and wellness of its residents fosters a positive living environment and attracts individuals who value a high quality of life.

Evaluating Education and Infrastructure

Education is another important aspect to assess when evaluating the growth and health of a community. Access to quality schools and educational resources not only benefits families with children but also contributes to the intellectual and cultural vitality of the entire community. A commitment to education demonstrates a long-term investment in the future of the area.

Infrastructure is also a critical consideration. Adequate transportation systems, well-maintained roads, and reliable utilities are essential for residents and businesses alike. A community that invests in its infrastructure shows a dedication to future growth and improvement.

Factors to Consider Key Points
Population Growth Craven County has seen a decrease in population in recent years, suggesting potential challenges for the community.
Healthcare Access to healthcare facilities and services, as well as a focus on promoting wellness, contribute to the overall health of the community.
Education Quality schools and educational resources enhance the intellectual and cultural vitality of the community.
Infrastructure Well-developed transportation systems, roads, and utilities are essential for residents and businesses.

By considering these factors in addition to the economic indicators, potential homebuyers and investors can make more informed decisions about New Bern. A thriving community with a strong growth trajectory and a focus on wellness and education is likely to provide a desirable living or investment environment.


In conclusion, the thriving economy, rich history, and exciting opportunities make New Bern, NC an attractive destination for homebuyers and investors seeking growth and a vibrant community.

New Bern’s economic landscape, with its steady GDP growth, provides a promising environment for investment. The city has shown resilience and potential for high growth, presenting opportunities for those looking to maximize their investments.

Furthermore, New Bern’s rich history as a charming historic town, coupled with its stunning waterfront attractions and outdoor activities, adds to its appeal. From exploring the Civil War history to enjoying the beauty of the Neuse River and iconic Tryon Palace, there is something for everyone in this picturesque town.

While New Bern offers a more affordable housing market compared to beachfront areas, it is important to consider factors such as property appreciation rate, population growth, property taxes, and rental market conditions. Additionally, the decrease in population in Craven County, as opposed to neighboring counties that have experienced growth, should be taken into account.

The labor force in Craven County plays a vital role in the economic development of the area, attracting new businesses and industries. This, combined with the community’s growth and health, should be considered by homebuyers and investors when making decisions.

Overall, New Bern, NC presents a unique blend of economic potential, historical significance, and natural beauty. With opportunities for growth and a vibrant community, it is a compelling choice for those looking to invest or find their dream home.


What are the growth indicators for New Bern?

The growth indicators for New Bern include GDP, standard of living, population, and labor force.

Has the GDP of New Bern been increasing?

Yes, the GDP of New Bern has steadily increased over the years.

What is the standard of living like in New Bern?

The standard of living factors in New Bern show mixed results.

How affordable is housing in New Bern?

Housing in New Bern is relatively more affordable compared to beachfront areas.

Are there any cost-burdened households in Craven County?

Yes, approximately a quarter of households in Craven County are cost-burdened.

How has the population in Craven County changed?

The population in Craven County has seen a decrease, unlike neighboring counties that have experienced growth.

Why is the labor force important in Craven County?

The labor force in Craven County is vital to attracting new businesses and industries to the area.

What are the housing market forecasts for New Bern?

Real estate prices in New Bern are expected to fluctuate in the coming years.

What considerations should homebuyers and investors make in New Bern?

Homebuyers and investors in New Bern should consider factors such as property appreciation rate, population growth, property taxes, and rental market conditions, in addition to the growth and health of the community.

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About the author

Adam Adkins is the Managing Memeber for NC Fair Cash Offer. Over 8 years personal and hands on experience working with homeowners and property owners of all types. Adam has dedicated himself to providing excellent service to all real estate professionals and home sellers.  He enjoys making win-win situations and buying houses fast. As an investor, he does a combination of "buy and hold", buying "subject to existing mortgage" and "fix & flip" strategies.

(910) 335-4046