Real Estate Investing in Boonville, North Carolina (27011)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 27011 (Boonville, NC)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 11.9% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Boonville, NC (27011)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 27011 Boonville
ZIP 27011 inside Yadkin County looks affordable on the surface — median value of $232K — but the discount exists for reasons that a careful buyer should understand before committing.
Rent of $846/mo on a $232K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 27011 sits below the stated 0.0% once reality is priced in.
Within NC, ZIP 27011 trails on several market indicators that neighboring Yadkin County submarkets outperform. The gap is real and substantial enough to shape underwriting.
The demographic picture in 27011 includes headwinds that any investor should price in. Income distribution skews lower than Boonville averages, and tenant stability requires active management.
Experienced landlords with local relationships tend to find 27011 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Boonville:
Property Strategy for 27011
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $179,676 | $940 | 3.8% | — | $89,838 |
| 3BR | $237,553 | $1,230 | 3.7% | — | $79,184 |
Market Trends
Home Value History (with trend line)
📊 How Does 27011 Compare?
| Metric | 27011 | Boonville | Winston-Salem, NC | North Carolina |
|---|---|---|---|---|
| Home Value | $232,063 | $232,063 | N/A | $330,565 |
| 5-Year CAGR | 5.4% | 5.4% | N/A | 7.8% |
| Avg Rent | $846 | $846 | N/A | - |
| Cap Rate | 2.8% | 2.8% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 27011 (Boonville, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $232,063 |
| Monthly Rent | $846 |
| Price-to-Rent | 22.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.8% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | +4.7% ▲ |
| 3-Year CAGR | +3.8% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.8%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 27011
Population: 5,109
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 27011
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 736 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the rental occupancy rate in Boonville, NC?
Occupancy in Boonville, NC runs steady with elevated vacancy. Well-priced units at $846/mo lease on reasonable timelines.
Is rental property easy to operate in Boonville, NC?
Landlord-friendliness in Boonville, NC is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What price range are homes in Boonville, NC?
The median home value in Boonville, NC is roughly $232K. That puts it reasonable relative to the NC statewide average.
What do rentals go for in Boonville, NC?
Rental rates in Boonville, NC average $846/mo. Tenant demand and $232K home values make the yield look reasonable by investor standards.
Is Boonville, NC good for house hacking?
The house hack math a challenging in Boonville, NC. Owner-occupant buyers benefit from the $846/mo rents and $232K home values.
You know 27011 now. You don’t know where it ranks.
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How 27011 ranks in Winston-Salem, NC
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