Most Affordable ZIP Codes in Boone, NC (2026)
The lowest entry prices that still hold a decent investability rating — cheap is only useful if the market underneath it is sound.
| # | ZIP | City | Home value | Rent | Cap rate | 5-yr growth |
|---|---|---|---|---|---|---|
| 1 | 28698 | Zionville, NC | $346,414 | $1,035 | 2.33% | 5.6% |
| 2 | 28618 | Deep Gap, NC | $404,340 | $1,035 | 2.00% | 6.6% |
| 3 | 28679 | Sugar Grove, NC | $411,097 | $1,089 | 2.07% | 4.5% |
| 4 | 28692 | Sugar Grove, NC | $429,981 | $1,035 | 1.88% | 4.6% |
| 5 | 28684 | Todd, NC | $470,623 | $1,062 | 1.76% | 5.3% |
| 6 | 28604 | Banner Elk, NC | $496,467 | $1,898 | 2.98% | 6.0% |
| 7 | 28607 | Boone, NC | $499,185 | $2,001 | 3.13% | 5.9% |
| 8 | 28605 | Blowing Rock, NC | $790,285 | $1,080 | 1.07% | 6.6% |
Ranked from Repit’s own ZIP-level data — Zillow home values and rents, HUD fair-market rents where Zillow has no coverage, and U.S. Census vacancy. Cap rate is gross: annual rent over purchase price, before financing and expenses. Every ZIP above links to its full free page. How we calculate this →
Same metro, different strategy
Cash Flow in Boone, NC · Appreciation in Boone, NC
Or see the full Boone, NC metro profile.