Boone, NC Metro Area - Investment Guide
Metro Area • 7 Cities • 8 ZIP Codes
Avg Home Value
$481,049
Avg Monthly Rent
$1,279
Avg Cap Rate
2.15%
Avg Investability
3.0 ★
Cities
7
ZIP Codes
8
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Market Trends
Metro Home Value History
Metro Rent History
🏦 30-yr Fixed Rate:
6.76%
as of Sep 10
Source: Freddie Mac PMMS
❄️
COOL MARKET
Boone, NC Metro Area
More inventory, negotiating room for buyers
116 days
Average time to sell
Slow
6.9%
Listings with price cuts
Few Cuts
0.0%
Sale price vs asking
Below Ask
0.0%
Income needed for mortgage
Affordable
📅
Market conditions data as of August 29, 2026 — updated weekly
Best ZIP codes in Boone, NC
Every ZIP in the metro, ranked four ways. Free.
Cities in Boone, NC
Top ZIP Codes by Investability
| ZIP Code | City | State | Home Value | Rent | Cap Rate | Rating |
|---|---|---|---|---|---|---|
| 28698 | Zionville | NC | $339,323 | $1,035 | 2.38% | |
| 28607 | Boone | NC | $493,209 | $1,666 | 2.64% | |
| 28618 | Deep Gap | NC | $391,966 | $1,035 | 2.06% | |
| 28679 | Sugar Grove | NC | $402,267 | $1,089 | 2.11% | |
| 28604 | Banner Elk | NC | $496,467 | $1,898 | 2.98% | |
| 28684 | Todd | NC | $462,207 | $1,062 | 1.79% | |
| 28605 | Blowing Rock | NC | $790,285 | $1,080 | 1.07% | |
| 28692 | Sugar Grove | NC | $423,564 | $1,035 | 1.91% | |
| 28698 | Zionville | NC | $341,896 | $1,035 | 2.36% | |
| 28607 | Boone | NC | $499,185 | $2,001 | 3.13% | |
| 28618 | Deep Gap | NC | $404,340 | $1,035 | 2.00% | |
| 28604 | Banner Elk | NC | $481,640 | $1,771 | 2.87% | |
| 28679 | Sugar Grove | NC | $411,097 | $1,089 | 2.07% | |
| 28605 | Blowing Rock | NC | $742,581 | $1,080 | 1.13% | |
| 28684 | Todd | NC | $470,623 | $1,062 | 1.76% | |
| 28692 | Sugar Grove | NC | $429,981 | $1,035 | 1.88% | |
| 28607 | Boone | NC | $477,846 | $1,813 | 2.96% | |
| 28618 | Deep Gap | NC | $377,375 | $1,035 | 2.14% | |
| 28698 | Zionville | NC | $346,414 | $1,035 | 2.33% | |
| 28679 | Sugar Grove | NC | $385,568 | $1,089 | 2.20% | |
| 28604 | Banner Elk | NC | $498,537 | $1,898 | 2.97% | |
| 28684 | Todd | NC | $448,132 | $1,062 | 1.85% | |
| 28605 | Blowing Rock | NC | $779,200 | $1,080 | 1.08% | |
| 28692 | Sugar Grove | NC | $410,264 | $1,035 | 1.97% | |
| 28698 | Zionville | NC | $332,709 | $1,035 | 2.43% | |
| 28607 | Boone | NC | $503,598 | $1,972 | 3.05% | |
| 28618 | Deep Gap | NC | $400,289 | $1,035 | 2.02% | |
| 28604 | Banner Elk | NC | $485,583 | $1,035 | 1.66% | |
| 28679 | Sugar Grove | NC | $410,628 | $1,089 | 2.07% | |
| 28605 | Blowing Rock | NC | $752,557 | $1,080 | 1.12% | |
| 28684 | Todd | NC | $473,614 | $1,062 | 1.75% | |
| 28692 | Sugar Grove | NC | $429,549 | $1,035 | 1.88% | |
| 28607 | Boone | NC | $487,232 | $1,813 | 2.90% | |
| 28618 | Deep Gap | NC | $387,632 | $1,035 | 2.08% | |
| 28698 | Zionville | NC | $352,304 | $1,035 | 2.29% | |
| 28679 | Sugar Grove | NC | $395,913 | $1,089 | 2.15% | |
| 28604 | Banner Elk | NC | $494,486 | $1,898 | 2.99% | |
| 28684 | Todd | NC | $458,564 | $1,062 | 1.81% | |
| 28605 | Blowing Rock | NC | $779,253 | $1,080 | 1.08% | |
| 28692 | Sugar Grove | NC | $416,052 | $1,035 | 1.94% | |
| 28698 | Zionville | NC | $339,323 | $1,035 | 2.38% | |
| 28607 | Boone | NC | $498,873 | $1,776 | 2.78% | |
| 28618 | Deep Gap | NC | $400,303 | $1,035 | 2.02% | |
| 28604 | Banner Elk | NC | $485,583 | $1,035 | 1.66% | |
| 28679 | Sugar Grove | NC | $409,992 | $1,089 | 2.07% | |
| 28605 | Blowing Rock | NC | $752,557 | $1,080 | 1.12% | |
| 28684 | Todd | NC | $465,488 | $1,062 | 1.78% | |
| 28692 | Sugar Grove | NC | $432,173 | $1,035 | 1.87% | |
| 28607 | Boone | NC | $487,232 | $1,813 | 2.90% | |
| 28698 | Zionville | NC | $348,776 | $1,035 | 2.31% |
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About Boone, NC Real Estate Market
The Boone, NC metropolitan statistical area (MSA) encompasses 7 cities and 8 ZIP codes. The average home value across the metro is $481,049, with an average monthly rent of $1,279. Explore individual cities and ZIP codes to find investment opportunities that match your criteria.