Real Estate Investing in Lumberton, North Carolina (28358)
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Should you buy in 28358 (Lumberton, 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: 15.6% of homes vacant — above national norms.
What’s happening in Lumberton, NC (28358)?
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Market Analysis: 28358 Lumberton
ZIP 28358 in Lumberton, NC carries a substantial set of headwinds. Home values near $145K and rents of $1,198/mo sit inside a market where underwriting has to be tight.
For an experienced owner, 28358 can be a a credible choice for hunting ground — but the discount at $145K reflects genuine risk that outside investors often underestimate.
Nearby ZIPs in Lumberton have seen price recovery that 28358 has not matched. Robeson County data supports the view that the spread is structural rather than temporary.
Who lives in 28358 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 28358 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 Lumberton:
Property Strategy for 28358
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $54,602 | $750 | 9.9% | +5.4% | $54,602 |
| 2BR | $86,255 | $930 | 7.8% | +7.7% | $43,127 |
| 3BR | $149,323 | $1,190 | 5.7% | +7.9% | $49,774 |
| 4BR | $241,267 | $1,390 | 4.1% | +8.1% | $60,317 |
| 5BR | $314,585 | — | — | +7.8% | $62,917 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 28358 Compare?
| Metric | 28358 | Lumberton | Lumberton, NC | North Carolina |
|---|---|---|---|---|
| Home Value | $144,722 | $110,299 | N/A | $330,565 |
| 5-Year CAGR | 5.2% | 5.7% | N/A | 7.8% |
| Avg Rent | $1,198 | $1,017 | N/A | - |
| Cap Rate | 6.5% | 5.0% | - | - |
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 28358 (Lumberton, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $144,722 |
| Monthly Rent | $1,198 |
| Price-to-Rent | 10.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.9% |
| Cap Rate | 6.5% |
| 5-Year IRR | 11.7% |
📈 Home Appreciation
| 1-Year | +3.1% ▲ |
| 3-Year CAGR | +1.9% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 10-Year CAGR | +5.7% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (6.5%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 28358
Population: 33,745
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 28358
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 1,389 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Lumberton, NC a good place for real estate investing?
With a 3.0/5 investability score, Lumberton, NC ranks as a solid market for rental property investors. Median prices of $145K and rents of $1,198/mo drive the underlying numbers.
What investment strategy works best in Lumberton, NC?
A careful cash-flow rentals with hands-on management strategy Lumberton, NC best. The market produces consistent results for that approach at the $145K price point.
What monthly rent should investors expect in Lumberton, NC?
Lumberton, NC rentals go for roughly $1,198/mo a month. That puts gross yield in solid territory relative to $145K acquisition costs.
What kind of vacancy should I budget for in Lumberton, NC?
Rental vacancy in Lumberton, NC is elevated. Investors should budget normal turnover but not chronic empty units.
Can owner-occupants cash flow in Lumberton, NC?
The house hack math a challenging in Lumberton, NC. Owner-occupant buyers benefit from the $1,198/mo rents and $145K home values.
You know 28358 now. You don’t know where it ranks.
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How 28358 ranks in Lumberton, NC
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