Real Estate Investing in Hope Mills, North Carolina (28348)
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Should you buy in 28348 (Hope Mills, 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.
No major risk flags on the data we track.
What’s happening in Hope Mills, NC (28348)?
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Market Analysis: 28348 Hope Mills
The 28348 ZIP covers a section of Hope Mills that demands careful diligence. Prices near $267K look accessible, but the work to make a deal cash flow is real.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 28348 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Regionally, 28348 sits on the difficult end of the NC spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
Demographically, 28348 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategically, 28348 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Hope Mills:
Property Strategy for 28348
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $151,943 | $1,280 | 6.1% | +13.2% | $75,972 |
| 3BR | $224,562 | $1,710 | 5.5% | +9.2% | $74,854 |
| 4BR | $327,327 | $2,120 | 4.7% | +7.5% | $81,832 |
| 5BR | $404,078 | — | — | +7.2% | $80,816 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 28348 Compare?
| Metric | 28348 | Hope Mills | Fayetteville, NC | North Carolina |
|---|---|---|---|---|
| Home Value | $267,023 | $267,023 | N/A | $330,565 |
| 5-Year CAGR | 7.2% | 7.2% | N/A | 7.8% |
| Avg Rent | $1,663 | $1,663 | N/A | - |
| Cap Rate | 4.9% | 4.9% | - | - |
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 28348 (Hope Mills, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $267,023 |
| Monthly Rent | $1,663 |
| Price-to-Rent | 13.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.5% |
| Cap Rate | 4.9% |
| 5-Year IRR | 12.0% |
📈 Home Appreciation
| 1-Year | +5.4% ▲ |
| 3-Year CAGR | +3.9% ▲ |
| 5-Year CAGR | +7.2% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 Rent Trends
| 1-Year | -1.9% ▼ |
| 3-Year CAGR | +1.2% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.9%). 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 28348
Population: 38,921
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 28348
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
Investor Insight: With 3,650 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Hope Mills, NC a good market for buy-and-hold investors?
With a 3.0/5 investability score, Hope Mills, NC ranks as a solid market for rental property investors. Median prices of $267K and rents of $1,663/mo drive the underlying numbers.
Is the tenant base reliable in Hope Mills, NC?
Working renters make up the core of the Hope Mills, NC tenant base. The pool is reasonable for investors targeting long-term holds.
What kind of vacancy should I budget for in Hope Mills, NC?
Vacancy risk in Hope Mills, NC is elevated. That supports steady cash flow for typical rental holds.
How viable is house hacking in Hope Mills, NC?
House hacking works a challenging in Hope Mills, NC. Rents of $1,663/mo against $267K acquisition make the strategy solid for owner-occupants.
Where do rents currently stand in Hope Mills, NC?
Hope Mills, NC rentals go for roughly $1,663/mo a month. That puts gross yield in solid territory relative to $267K acquisition costs.
You know 28348 now. You don’t know where it ranks.
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How 28348 ranks in Fayetteville, NC
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