Real Estate Investing in Crouse, North Carolina (28033)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 28033 (Crouse, NC)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High price-to-rent: Price-to-rent ratio 29.0 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Crouse, NC (28033)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 28033 Crouse
ZIP 28033 inside Lincoln County looks affordable on the surface — median value of $301K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 28033 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 28033's metrics run below Lincoln County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Resident income in 28033 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The 28033 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Crouse:
Property Strategy for 28033
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $229,479 | $960 | 3.0% | +8.8% | $114,740 |
| 3BR | $298,883 | $1,270 | 3.1% | +8.7% | $99,628 |
Market Trends
Home Value History (with trend line)
📊 How Does 28033 Compare?
| Metric | 28033 | Crouse | North Carolina |
|---|---|---|---|
| Home Value | $300,811 | $300,811 | $330,565 |
| 5-Year CAGR | 6.0% | 6.0% | 7.8% |
| Avg Rent | $864 | $864 | - |
| Cap Rate | 2.2% | 2.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 28033 (Crouse, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $300,811 |
| Monthly Rent | $864 |
| Price-to-Rent | 29.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.2% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | +4.9% ▲ |
| 3-Year CAGR | +3.2% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | +8.5% ▲ |
🏠 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 (2.2%). 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 28033
Population: 3,100
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
🎓 Nearby Colleges & Universities
Investor Insight: With 2,585 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What are rental rates like in Crouse, NC?
Rents in Crouse, NC run near $864/mo. Compared with median home prices of $301K that produces solid gross yields for typical rentals.
Is Crouse, NC good for landlords?
Crouse, NC operates under NC law, which is landlord-friendly overall for landlords. Expect reliable treatment in typical lease and eviction cases.
Which investment style suits Crouse, NC?
Most investors in Crouse, NC run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
What is the rental occupancy rate in Crouse, NC?
Expect elevated vacancy in Crouse, NC. Rents at $864/mo are absorbed by the tenant base without meaningful lag.
Can I live-in-and-rent in Crouse, NC?
Crouse, NC is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $301K price point reasonable to enter.
You know 28033 now. You don’t know where it ranks.
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How 28033 ranks in Charlotte-Concord-Gastonia, NC-SC
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