Real Estate Investing in Faison, North Carolina (28341)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 28341 (Faison, NC)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 26.8% of homes vacant — above national norms.
- Elevated poverty: 26.8% poverty rate — can affect rent collection.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Faison, NC (28341)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 28341 Faison
ZIP 28341 in Faison, NC carries a solid set of headwinds. Home values near $139K and rents of $837/mo sit inside a market where underwriting has to be tight.
Rent of $837/mo on a $139K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 28341 sits below the stated 0.0% once reality is priced in.
In practical terms, 28341 offers a low basis, the region around Faison has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Employment concentration in 28341 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Distressed ZIPs reward experience. impressive returns are possible in 28341, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Faison:
Property Strategy for 28341
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $124,443 | $930 | 5.4% | +7.8% | $62,222 |
| 3BR | $178,444 | $1,110 | 4.5% | +7.7% | $59,481 |
| 4BR | $241,221 | $1,300 | 3.9% | +6.1% | $60,305 |
Market Trends
Home Value History (with trend line)
📊 How Does 28341 Compare?
| Metric | 28341 | Faison | North Carolina |
|---|---|---|---|
| Home Value | $138,962 | $138,962 | $330,565 |
| 5-Year CAGR | 5.6% | 5.6% | 7.8% |
| Avg Rent | $837 | $837 | - |
| Cap Rate | 4.7% | 4.7% | - |
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 28341 (Faison, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $138,962 |
| Monthly Rent | $837 |
| Price-to-Rent | 13.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.2% |
| Cap Rate | 4.7% |
| 5-Year IRR | 10.3% |
📈 Home Appreciation
| 1-Year | +2.3% ▲ |
| 3-Year CAGR | +3.2% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 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 (4.7%). 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 28341
Population: 3,037
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 28341
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
Are landlord laws favorable in Faison, NC?
NC law landlord-friendly for landlords, and Faison inherits those rules. Investors should still review local ordinances for rental licensing.
Are renters plentiful in Faison, NC?
The renter base in Faison, NC is reasonable for the $837/mo price point. Screening well and pricing to market typically yields measured tenants.
What real estate strategy is ideal for Faison, NC?
A careful cash-flow rentals with hands-on management strategy Faison, NC best. The market produces stable results for that approach at the $139K price point.
Does house hacking make sense in Faison, NC?
The house hack math a challenging in Faison, NC. Owner-occupant buyers benefit from the $837/mo rents and $139K home values.
Are rents high in Faison, NC?
The typical rental in Faison, NC commands about $837/mo monthly. That rent profile consistent cash flow against the $139K purchase basis.
You know 28341 now. You don’t know where it ranks.
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