Real Estate Investing in Cherryville, North Carolina (28021)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 28021 (Cherryville, 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: 11.7% vacancy may signal weakening demand.
What’s happening in Cherryville, NC (28021)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 28021 Cherryville
Not every below-median market is a bargain. Cherryville's 28021 ZIP registers signals that favor experienced operators who can absorb the risk $252K pricing implies.
For an experienced owner, 28021 can be a a strong candidate for hunting ground — but the discount at $252K reflects genuine risk that outside investors often underestimate.
Within NC, ZIP 28021 trails on several market indicators that neighboring Gaston County submarkets outperform. The gap is real and notable enough to shape underwriting.
Who lives in 28021 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategy in 28021 is an operator game, not a passive one. From an investor standpoint, entry prices of $252K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Cherryville:
Property Strategy for 28021
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $158,683 | $1,030 | 4.7% | +10.4% | $79,341 |
| 3BR | $263,991 | $1,320 | 3.6% | +9.3% | $87,997 |
| 4BR | $374,947 | $1,610 | 3.1% | +8.6% | $93,737 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 28021 Compare?
| Metric | 28021 | Cherryville | North Carolina |
|---|---|---|---|
| Home Value | $252,011 | $252,011 | $330,565 |
| 5-Year CAGR | 6.4% | 6.4% | 7.8% |
| Avg Rent | $1,100 | $1,100 | - |
| Cap Rate | 3.4% | 3.4% | - |
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 28021 (Cherryville, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $252,011 |
| Monthly Rent | $1,100 |
| Price-to-Rent | 19.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +5.8% ▲ |
| 3-Year CAGR | +3.6% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +9.3% ▲ |
🏠 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 (3.4%). 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 28021
Population: 13,668
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 28021
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 2,585 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the average monthly rent in Cherryville, NC?
Rent in Cherryville, NC is around $1,100/mo. The resulting rent-to-value relationship with $252K pricing is reasonable for most investor models.
Do landlords face vacancy issues in Cherryville, NC?
Rental vacancy in Cherryville, NC is elevated. Investors should budget normal turnover but not chronic empty units.
Is Cherryville, NC a good market for buy-and-hold investors?
Investors tracking Cherryville, NC will find a 3.0/5 rating supported by $252K median home values and $1,100/mo rents. That profile suits long-term holders targeting even-keeled returns.
Can owner-occupants cash flow in Cherryville, NC?
Cherryville, NC is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $252K price point reasonable to enter.
What is the median home value in Cherryville, NC?
Expect median prices around $252K in Cherryville, NC. The market has run at a 0.0% 5-year CAGR, so entry costs have been even-keeled.
You know 28021 now. You don’t know where it ranks.
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How 28021 ranks in Charlotte-Concord-Gastonia, NC-SC
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