Real Estate Investing in Denver, North Carolina (28037)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 28037 (Denver, NC)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 8.2% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 26.1 — hard to cash-flow at these prices.
What’s happening in Denver, NC (28037)?
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Market Analysis: 28037 Denver
Turning to rents, ZIP 28037 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $552K median. It rewards specialists, not generalists.
For an experienced owner, 28037 can be a a strong candidate for hunting ground — but the discount at $552K reflects genuine risk that outside investors often underestimate.
The gap between 28037 and stronger Denver ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Who lives in 28037 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
appears to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Denver:
Property Strategy for 28037
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $460,506 | $1,250 | 2.0% | +8.1% | $230,253 |
| 3BR | $452,229 | $1,720 | 2.7% | +8.0% | $150,743 |
| 4BR | $685,069 | $2,080 | 2.2% | +9.1% | $171,267 |
| 5BR | $763,745 | — | — | +8.9% | $152,749 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 28037 Compare?
| Metric | 28037 | Denver | North Carolina |
|---|---|---|---|
| Home Value | $552,354 | $552,354 | $330,565 |
| 5-Year CAGR | 5.1% | 5.1% | 7.8% |
| Avg Rent | $1,767 | $1,767 | - |
| Cap Rate | 2.5% | 2.5% | - |
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 28037 (Denver, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $552,354 |
| Monthly Rent | $1,767 |
| Price-to-Rent | 26.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.5% |
| 5-Year IRR | 7.6% |
📈 Home Appreciation
| 1-Year | +0.4% ▲ |
| 3-Year CAGR | +1.7% ▲ |
| 5-Year CAGR | +5.1% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 Rent Trends
| 1-Year | -1.1% ▼ |
| 3-Year CAGR | +2.8% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.5%). 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 28037
Population: 27,128
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 28037
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
Frequently Asked Questions
What approach is best for Denver, NC real estate?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Denver, NC. The numbers - $552K homes against $1,767/mo rents - support that play.
What is the typical rental rate in Denver, NC?
The typical rental in Denver, NC commands about $1,767/mo monthly. That rent profile consistent cash flow against the $552K purchase basis.
How much does a house cost in Denver, NC?
Homes in Denver, NC typically sell near $552K. Prices have moved at a 0.0% 5-year CAGR, which reliable long-term demand.
How qualified is the tenant pool in Denver, NC?
The tenant pool in Denver, NC is solid, supported by local employment and population fundamentals. Rents of $1,767/mo are well-absorbed by the market.
What kind of market is Denver, NC for investors?
Investors tracking Denver, NC will find a 3.0/5 rating supported by $552K median home values and $1,767/mo rents. That profile suits long-term holders targeting steady returns.
You know 28037 now. You don’t know where it ranks.
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How 28037 ranks in Charlotte-Concord-Gastonia, NC-SC
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