Real Estate Investing in Elizabethtown, North Carolina (28337)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 28337 (Elizabethtown, NC)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 30.7% of homes vacant — above national norms.
- Elevated poverty: 23.1% poverty rate — can affect rent collection.
- Lower household income: $36,762 median — tenant affordability is tighter.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Elizabethtown, NC (28337)?
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Market Analysis: 28337 Elizabethtown
Investors eyeing 28337 need to respect the fundamentals at play. Home values of $160K come alongside slower price movement and elevated management overhead.
The investment case in 28337 is substantial only for operators who understand what they are buying. A $160K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Regionally, 28337 sits on the difficult end of the NC spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
On the rental side, 8,747 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.
New investors are better served looking at Elizabethtown's stable or hybrid ZIPs before stepping into 28337. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Elizabethtown:
Market Trends
Home Value History (with trend line)
📊 How Does 28337 Compare?
| Metric | 28337 | Elizabethtown | North Carolina |
|---|---|---|---|
| Home Value | $159,808 | $159,808 | $330,565 |
| 5-Year CAGR | 1.7% | 1.7% | 7.8% |
| Avg Rent | $837 | $837 | - |
| Cap Rate | 4.1% | 4.1% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 28337 (Elizabethtown, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $159,808 |
| Monthly Rent | $837 |
| Price-to-Rent | 15.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 5.7% |
📈 Home Appreciation
| 1-Year | -1.9% ▼ |
| 3-Year CAGR | -1.8% ▼ |
| 5-Year CAGR | +1.7% ▲ |
| 10-Year CAGR | +3.6% ▲ |
🏠 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 (4.1%). 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 28337
Population: 8,747
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 28337
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
Where do home prices stand in Elizabethtown, NC?
Elizabethtown, NC median home values land near $160K. That is reasonable territory for investors looking at $837/mo-per-month rentals.
Is Elizabethtown, NC a smart market for rental property?
The 3.0/5 investability rating in Elizabethtown, NC reflects its $160K prices and $837/mo rents. Investors generally consider it a solid option within NC.
Is house hacking profitable in Elizabethtown, NC?
House hacking works a challenging in Elizabethtown, NC. Rents of $837/mo against $160K acquisition make the strategy solid for owner-occupants.
Are landlord laws favorable in Elizabethtown, NC?
Rental owners in Elizabethtown, NC deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
What is the tenant pool like in Elizabethtown, NC?
The tenant pool in Elizabethtown, NC is solid, supported by local employment and population fundamentals. Rents of $837/mo are well-absorbed by the market.
You know 28337 now. You don’t know where it ranks.
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