Real Estate Investing in Mooresboro, North Carolina (28114)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 28114 (Mooresboro, NC)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 24.7% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Mooresboro, NC (28114)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 28114 Mooresboro
Not every below-median market is a bargain. Mooresboro's 28114 ZIP posts signals that favor experienced operators who can absorb the risk $158K pricing implies.
The 28114 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
ZIP 28114's metrics run below Rutherford County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Employment concentration in 28114 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategy in 28114 is an operator game, not a passive one. Turning to rents, entry prices of $158K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Mooresboro:
Property Strategy for 28114
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $119,737 | $930 | 5.6% | +6.6% | $59,868 |
| 3BR | $192,222 | $1,280 | 4.8% | +7.7% | $64,074 |
| 4BR | $281,785 | $1,330 | 3.4% | +7.2% | $70,446 |
Market Trends
Home Value History (with trend line)
📊 How Does 28114 Compare?
| Metric | 28114 | Mooresboro | Forest City, NC | North Carolina |
|---|---|---|---|---|
| Home Value | $157,946 | $157,946 | N/A | $330,565 |
| 5-Year CAGR | 2.5% | 2.5% | N/A | 7.8% |
| Avg Rent | $837 | $837 | N/A | - |
| Cap Rate | 4.1% | 4.1% | - | - |
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 28114 (Mooresboro, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $157,946 |
| Monthly Rent | $837 |
| Price-to-Rent | 15.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.4% |
| Cap Rate | 4.1% |
| 5-Year IRR | 6.7% |
📈 Home Appreciation
| 1-Year | +10.1% ▲ |
| 3-Year CAGR | +2.0% ▲ |
| 5-Year CAGR | +2.5% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 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 (4.1%). 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 28114
Population: 7,568
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 28114
Schools in This ZIP Code
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
Cliffside Elementary School
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 1,273 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How should investors approach Mooresboro, NC?
In Mooresboro, NC the sturdy play is typically careful cash-flow rentals with hands-on management. The combination of $158K prices and $837/mo rents suits that approach.
What price range are homes in Mooresboro, NC?
Median home price in Mooresboro, NC is near $158K, with a 5-year CAGR of 0.0%. Prices have been predictable and supportive of buy-and-hold strategies.
What are vacancy rates like in Mooresboro, NC?
Vacancy in Mooresboro, NC is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $837/mo.
What kind of tenants rent in Mooresboro, NC?
Mooresboro, NC offers a measured renter base at the $837/mo rent level. Tenant turnover is reasonable for well-managed properties.
Does Mooresboro, NC make sense for an investment property?
The 3.0/5 investability rating in Mooresboro, NC reflects its $158K prices and $837/mo rents. Investors generally consider it a solid option within NC.
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How 28114 ranks in Forest City, NC
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