Real Estate Investing in Rockingham, North Carolina (28379)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 28379 (Rockingham, 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.
- High vacancy: 14.2% 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 Rockingham, NC (28379)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 28379 Rockingham
ZIP 28379 inside Richmond County looks affordable on the surface — median value of $139K — 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 28379 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
In the broader NC picture, 28379 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
On the rental side, 24,068 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The 28379 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 Rockingham:
Property Strategy for 28379
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $120,065 | $950 | 5.7% | +12.1% | $60,033 |
| 3BR | $201,460 | $1,320 | 4.7% | +10.8% | $67,153 |
| 4BR | $280,442 | $1,440 | 3.7% | +9.7% | $70,111 |
Market Trends
Home Value History (with trend line)
📊 How Does 28379 Compare?
| Metric | 28379 | Rockingham | Rockingham, NC | North Carolina |
|---|---|---|---|---|
| Home Value | $139,385 | $46,462 | N/A | $330,565 |
| 5-Year CAGR | 6.0% | 6.0% | N/A | 7.8% |
| Avg Rent | $855 | $855 | N/A | - |
| Cap Rate | 4.8% | 4.8% | - | - |
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 28379 (Rockingham, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $139,385 |
| Monthly Rent | $855 |
| Price-to-Rent | 13.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.4% |
| Cap Rate | 4.8% |
| 5-Year IRR | 10.8% |
📈 Home Appreciation
| 1-Year | +7.1% ▲ |
| 3-Year CAGR | +1.8% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | +6.2% ▲ |
🏠 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 (4.8%). 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 28379
Population: 24,068
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 28379
Schools in This ZIP Code
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
Cordova Middle
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 981 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the typical vacancy rate in Rockingham, NC?
Rental vacancy in Rockingham, NC is elevated. Investors should budget normal turnover but not chronic empty units.
What is the renter demographic in Rockingham, NC?
Tenant demand in Rockingham, NC is solid. The local workforce $855/mo rents across most rental classes.
Does Rockingham, NC favor landlords or tenants?
For rental operators, Rockingham, NC rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
How viable is house hacking in Rockingham, NC?
Rockingham, NC is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $139K price point reasonable to enter.
How much should I expect to pay for a home in Rockingham, NC?
Rockingham, NC home values average about $139K. That price point suits investors targeting rentals with $855/mo in monthly income.
You know 28379 now. You don’t know where it ranks.
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