Real Estate Investing in Parkton, North Carolina (28371)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 28371 (Parkton, NC)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.
- Elevated vacancy: 9.5% vacancy may signal weakening demand.
What’s happening in Parkton, NC (28371)?
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Market Analysis: 28371 Parkton
The 28371 ZIP in Parkton, NC is a local-operator market. Outside capital chasing a $264K entry has to pair deep knowledge with the discount.
From a cash-flow lens, the numbers look inviting — $264K purchase price, 0.0% nominal cap — the work to hit that pro forma in 28371 is substantial and deserves full respect.
ZIP 28371's metrics run below Robeson County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
On the rental side, 6,458 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategy in 28371 is an operator game, not a passive one. On balance, entry prices of $264K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Parkton:
Property Strategy for 28371
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $239,500 | $1,520 | 4.6% | +10.4% | $79,833 |
| 4BR | $309,993 | $1,880 | 4.4% | +7.8% | $77,498 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 28371 Compare?
| Metric | 28371 | Parkton | Lumberton, NC | North Carolina |
|---|---|---|---|---|
| Home Value | $264,036 | $264,036 | N/A | $330,565 |
| 5-Year CAGR | 8.0% | 8.0% | N/A | 7.8% |
| Avg Rent | $1,700 | $1,700 | N/A | - |
| Cap Rate | 5.0% | 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 28371 (Parkton, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $264,036 |
| Monthly Rent | $1,700 |
| Price-to-Rent | 12.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.7% |
| Cap Rate | 5.0% |
| 5-Year IRR | 13.0% |
📈 Home Appreciation
| 1-Year | +6.8% ▲ |
| 3-Year CAGR | +5.0% ▲ |
| 5-Year CAGR | +8.0% ▲ |
| 10-Year CAGR | +8.1% ▲ |
🏠 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 (5.0%). 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 28371
Population: 6,458
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 28371
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 Parkton, NC a smart market for rental property?
The 3.0/5 investability rating in Parkton, NC reflects its $264K prices and $1,700/mo rents. Investors generally consider it a solid option within NC.
Where do home prices stand in Parkton, NC?
Parkton, NC median home values land near $264K. That is reasonable territory for investors looking at $1,700/mo-per-month rentals.
Is vacancy a concern in Parkton, NC?
Expect elevated vacancy in Parkton, NC. Rents at $1,700/mo are absorbed by the tenant base without meaningful lag.
How strong is tenant demand in Parkton, NC?
Parkton, NC draws a stable base of working renters. Demand at the $1,700/mo rent level is reasonable for standard single-family and small multi rentals.
Where do rents currently stand in Parkton, NC?
Investors in Parkton, NC typically see rents near $1,700/mo per month against $264K home values - a solid setup for rental cash flow.
You know 28371 now. You don’t know where it ranks.
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How 28371 ranks in Lumberton, NC
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