Real Estate Investing in Carthage, North Carolina (28327)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 28327 (Carthage, 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.
- Elevated vacancy: 9.5% vacancy may signal weakening demand.
What’s happening in Carthage, NC (28327)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 28327 Carthage
Not every below-median market is a bargain. Carthage's 28327 ZIP sits at signals that favor experienced operators who can absorb the risk $411K pricing implies.
On the rental side, the numbers look inviting — $411K purchase price, 0.0% nominal cap — the work to hit that pro forma in 28327 is substantial and deserves full respect.
Regionally, 28327 sits on the difficult end of the NC spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
Demographically, 28327 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.
Strategy in 28327 is an operator game, not a passive one. Meanwhile, entry prices of $411K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Carthage:
Property Strategy for 28327
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $208,163 | $1,640 | 5.7% | +7.4% | $104,081 |
| 3BR | $375,836 | $2,280 | 4.4% | +9.2% | $125,279 |
| 4BR | $519,023 | $2,750 | 3.8% | +8.8% | $129,756 |
| 5BR | $591,854 | — | — | +8.7% | $118,371 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 28327 Compare?
| Metric | 28327 | Carthage | Pinehurst-Southern Pines, NC | North Carolina |
|---|---|---|---|---|
| Home Value | $411,060 | $411,060 | N/A | $330,565 |
| 5-Year CAGR | 6.1% | 6.1% | N/A | 7.8% |
| Avg Rent | $2,250 | $2,250 | N/A | - |
| Cap Rate | 4.3% | 4.3% | - | - |
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 28327 (Carthage, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $411,060 |
| Monthly Rent | $2,250 |
| Price-to-Rent | 15.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.6% |
| Cap Rate | 4.3% |
| 5-Year IRR | 10.4% |
📈 Home Appreciation
| 1-Year | +3.4% ▲ |
| 3-Year CAGR | +2.4% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 Rent Trends
| 1-Year | +18.3% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.3%). 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 28327
Population: 18,984
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 28327
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 1,086 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Where do home prices stand in Carthage, NC?
Carthage, NC home values average about $411K. That price point suits investors targeting rentals with $2,250/mo in monthly income.
What are vacancy rates like in Carthage, NC?
Carthage, NC sees elevated vacancy, which is reasonable relative to the broader NC rental market.
Is Carthage, NC a good place for real estate investing?
Yes - Carthage, NC a 3.0/5 investability score. With $411K home prices against $2,250/mo monthly rent, the market delivers a reasonable entry point for new investors.
How do landlord-tenant laws work in Carthage, NC?
NC law landlord-friendly for landlords, and Carthage inherits those rules. Investors should still review local ordinances for rental licensing.
Does a duplex house hack pencil in Carthage, NC?
The a challenging house-hack environment in Carthage, NC reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
You know 28327 now. You don’t know where it ranks.
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How 28327 ranks in Pinehurst-Southern Pines, NC
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