Real Estate Investing in Kenansville, North Carolina (28349)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 28349 (Kenansville, 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: 10.9% 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 Kenansville, NC (28349)?
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Market Analysis: 28349 Kenansville
The 28349 ZIP in Kenansville, NC is a local-operator market. Outside capital chasing a $211K entry has to pair deep knowledge with the discount.
Turning to rents, the numbers look inviting — $211K purchase price, 0.0% nominal cap — the work to hit that pro forma in 28349 is substantial and deserves full respect.
Regionally, 28349 sits on the difficult end of the NC spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 28349 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 28349 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Kenansville:
Property Strategy for 28349
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $148,375 | $1,060 | 5.1% | +10.2% | $74,188 |
| 3BR | $210,697 | $1,270 | 4.3% | +9.8% | $70,232 |
| 4BR | $305,343 | $1,490 | 3.5% | +9.1% | $76,336 |
Market Trends
Home Value History (with trend line)
📊 How Does 28349 Compare?
| Metric | 28349 | Kenansville | North Carolina |
|---|---|---|---|
| Home Value | $210,855 | $210,855 | $330,565 |
| 5-Year CAGR | 6.5% | 6.5% | 7.8% |
| Avg Rent | $954 | $954 | - |
| Cap Rate | 3.5% | 3.5% | - |
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 28349 (Kenansville, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $210,855 |
| Monthly Rent | $954 |
| Price-to-Rent | 18.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 10.0% |
📈 Home Appreciation
| 1-Year | +1.6% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 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 (3.5%). 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 28349
Population: 3,852
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 28349
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 550 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Kenansville, NC a smart market for rental property?
The 3.0/5 investability rating in Kenansville, NC reflects its $211K prices and $954/mo rents. Investors generally consider it a solid option within NC.
Where do home prices stand in Kenansville, NC?
Kenansville, NC home values average about $211K. That price point suits investors targeting rentals with $954/mo in monthly income.
How strong are rents in Kenansville, NC?
The typical rental in Kenansville, NC commands about $954/mo monthly. That rent profile stable cash flow against the $211K purchase basis.
How tight is the rental market in Kenansville, NC?
Vacancy risk in Kenansville, NC is elevated. That supports reliable cash flow for typical rental holds.
How should investors approach Kenansville, NC?
In Kenansville, NC the resilient play is typically careful cash-flow rentals with hands-on management. The combination of $211K prices and $954/mo rents suits that approach.
You know 28349 now. You don’t know where it ranks.
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