Real Estate Investing in Fairmont, North Carolina (28340)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 28340 (Fairmont, 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: 13.6% of homes vacant — above national norms.
- Elevated poverty: 25.8% poverty rate — can affect rent collection.
- Lower household income: $34,886 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 Fairmont, NC (28340)?
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Market Analysis: 28340 Fairmont
Investors eyeing 28340 need to respect the fundamentals at play. Home values of $113K come alongside slower price movement and elevated management overhead.
The investment case in 28340 is solid only for operators who understand what they are buying. A $113K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Fairmont have seen price recovery that 28340 has not matched. Robeson data supports the view that the spread is structural rather than temporary.
Resident income in 28340 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 28340 is an operator game, not a passive one. Meanwhile, entry prices of $113K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Fairmont:
Property Strategy for 28340
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $72,220 | $930 | 9.3% | +10.4% | $36,110 |
| 3BR | $115,963 | $1,190 | 7.4% | +7.8% | $38,654 |
| 4BR | $177,222 | $1,390 | 5.6% | +8.5% | $44,305 |
Market Trends
Home Value History (with trend line)
📊 How Does 28340 Compare?
| Metric | 28340 | Fairmont | North Carolina |
|---|---|---|---|
| Home Value | $112,826 | $112,826 | $330,565 |
| 5-Year CAGR | 5.7% | 5.7% | 7.8% |
| Avg Rent | $837 | $837 | - |
| Cap Rate | 5.8% | 5.8% | - |
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 28340 (Fairmont, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $112,826 |
| Monthly Rent | $837 |
| Price-to-Rent | 11.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.9% |
| Cap Rate | 5.8% |
| 5-Year IRR | 11.5% |
📈 Home Appreciation
| 1-Year | +3.5% ▲ |
| 3-Year CAGR | +3.5% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | N/A |
🏠 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 (5.8%). 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 28340
Population: 9,756
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 28340
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.
Frequently Asked Questions
Are landlord laws favorable in Fairmont, NC?
For rental operators, Fairmont, NC rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Is the tenant base reliable in Fairmont, NC?
Fairmont, NC offers a even-keeled renter base at the $837/mo rent level. Tenant turnover is reasonable for well-managed properties.
How much is rent in Fairmont, NC?
Rental rates in Fairmont, NC average $837/mo. Tenant demand and $113K home values make the yield look reasonable by investor standards.
Does Fairmont, NC make sense for an investment property?
Fairmont, NC posts an investability rating of 3.0/5, with median home values near $113K and average rents around $837/mo. That combination puts it in the solid tier for investor interest.
What are home prices like in Fairmont, NC?
In Fairmont, NC the median home value sits at $113K. Against the broader NC market, that reads as reasonable for most investors.
You know 28340 now. You don’t know where it ranks.
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