ZIP 28079
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12-month history
Last updated: October 17, 2026
What the numbers show
January. Asking rents in ZIP 28079 usually run 0.9% below trend in January and 0.8% above it in August, about $34 a month apart at today's median. Based on 11 years of data.
Rent in ZIP 28079 is at its highest level since Zillow's records here began in April 2015.
Rent in ZIP 28079 changed +4.4% over the year to September 2026. Across the 190 North Carolina ZIP codes Zillow tracks, the typical change was +2.6%.
From 2019 to 2024, rent in ZIP 28079 rose 37.7% while median household income rose 22.2% ($82,273 to $100,516). Rent outpaced income.
Rent in ZIP 28079 is 42% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 8 months in a row, and rose in 8 of the last 12 months.
30% of the median household income ($100,516) is $2,513 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,220); a 3-bedroom is $2,730.
ZIP 28227, 6 miles away, rents for 16% less ($1,695/mo), about $3,900 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 28079. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Who lives here
ZIP 28079 (Lake Park, NC) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 40.1% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 28079 in Lake Park, NC has changed in 5 years
Since 2021, the typical rent in ZIP 28079 in Lake Park, NC has climbed from $1,567 to $2,020, a 28.9% change over five years. Median household income rose from $86,692 to $100,516 between 2021 and 2024, a 15.9% shift. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 7.6% since 2021, moving from about 40,013 residents to roughly 43,035. Renters now make up 20.7% of households, compared with 15.6% five years ago. Taken together, the five-year picture in ZIP 28079 in Lake Park, NC reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.
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Tips for renters in ZIP 28079
Last updated: October 17, 2026
ZIP code 28079 covers Lake Park, NC. The median rent here is $2,020/mo as of October 2026. A 1-bedroom rents for a median of $2,030/mo. A 2-bedroom rents for a median of $2,220/mo.
At 24% of local median household income ($100,516/yr), ZIP 28079 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.5% over the past year.
Frequently asked questions
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How does ZIP 28079 compare to other ZIPs in North Carolina?
At $2,020/mo, rent takes ~24% of ZIP 28079's median household income ($100,516/yr). The standard benchmark is 30%.
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