Real Estate Investing in Erwin, North Carolina (28339)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 28339 (Erwin, 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: 10.2% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Erwin, NC (28339)?
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Market Analysis: 28339 Erwin
This part of Harnett County is not an easy win. The 28339 ZIP posts softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The investment case in 28339 is significant only for operators who understand what they are buying. A $199K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Regionally, 28339 sits on the difficult end of the NC spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
Who lives in 28339 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The right play in 28339 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Erwin:
Property Strategy for 28339
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $142,141 | $940 | 4.8% | +9.2% | $71,070 |
| 3BR | $208,732 | $1,320 | 4.6% | +8.7% | $69,577 |
| 4BR | $285,605 | $1,580 | 4.0% | +9.3% | $71,401 |
Market Trends
Home Value History (with trend line)
📊 How Does 28339 Compare?
| Metric | 28339 | Erwin | Fayetteville, NC | North Carolina |
|---|---|---|---|---|
| Home Value | $198,556 | $198,556 | N/A | $330,565 |
| 5-Year CAGR | 5.6% | 5.6% | N/A | 7.8% |
| Avg Rent | $846 | $846 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 28339 (Erwin, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $198,556 |
| Monthly Rent | $846 |
| Price-to-Rent | 19.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +3.8% ▲ |
| 3-Year CAGR | +2.4% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +8.7% ▲ |
🏠 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 (3.3%). 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 28339
Population: 6,842
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 28339
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
Is Erwin, NC a good market for FHA house hackers?
Erwin, NC offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $846/mo rent level.
Is rental property easy to operate in Erwin, NC?
The landlord environment in Erwin, NC is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Is Erwin, NC a good place for real estate investing?
Erwin, NC sits at an investability rating of 3.0/5, with median home values near $199K and average rents around $846/mo. That combination puts it in the robust tier for investor interest.
What are rental rates like in Erwin, NC?
Rental rates in Erwin, NC average $846/mo. Tenant demand and $199K home values make the yield look reasonable by investor standards.
What kind of tenants rent in Erwin, NC?
Tenant quality in Erwin, NC ranks as solid. Landlords generally report stable occupancy at market rents of $846/mo.
You know 28339 now. You don’t know where it ranks.
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How 28339 ranks in Fayetteville, NC
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