Real Estate Investing in Creswell, North Carolina (27928)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 27928 (Creswell, NC)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 8.3% 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 Creswell, NC (27928)?
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Market Analysis: 27928 Creswell
This part of Washington County is not an easy win. The 27928 ZIP stands at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The investment case in 27928 is sturdy only for operators who understand what they are buying. A $127K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Creswell have seen price recovery that 27928 has not matched. Washington County data supports the view that the spread is structural rather than temporary.
Demographically, 27928 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The right play in 27928 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Creswell:
Market Trends
Home Value History (with trend line)
📊 How Does 27928 Compare?
| Metric | 27928 | Creswell | North Carolina |
|---|---|---|---|
| Home Value | $126,913 | $126,913 | $330,565 |
| 5-Year CAGR | 2.1% | 2.1% | 7.8% |
| Avg Rent | $864 | $864 | - |
| Cap Rate | 5.3% | 5.3% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 27928 (Creswell, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $126,913 |
| Monthly Rent | $864 |
| Price-to-Rent | 12.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.2% |
| Cap Rate | 5.3% |
| 5-Year IRR | 7.4% |
📈 Home Appreciation
| 1-Year | +7.6% ▲ |
| 3-Year CAGR | +0.9% ▲ |
| 5-Year CAGR | +2.1% ▲ |
| 10-Year CAGR | +3.6% ▲ |
🏠 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 (5.3%). 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 27928
Population: 1,720
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 27928
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.
Frequently Asked Questions
How strong are rents in Creswell, NC?
The typical rental in Creswell, NC commands about $864/mo monthly. That rent profile steady cash flow against the $127K purchase basis.
What price range are homes in Creswell, NC?
The median home value in Creswell, NC is roughly $127K. That puts it reasonable relative to the NC statewide average.
Is Creswell in NC worth investing in?
Investors tracking Creswell, NC will find a 3.0/5 rating supported by $127K median home values and $864/mo rents. That profile suits long-term holders targeting steady returns.
Are renters plentiful in Creswell, NC?
Creswell, NC draws a stable base of working renters. Demand at the $864/mo rent level is reasonable for standard single-family and small multi rentals.
Is vacancy a concern in Creswell, NC?
Rental vacancy in Creswell, NC is elevated. Investors should budget normal turnover but not chronic empty units.
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