Real Estate Investing in Red Springs, North Carolina (28377)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 28377 (Red Springs, NC)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 13.4% of homes vacant — above national norms.
- Elevated poverty: 26.9% poverty rate — can affect rent collection.
- Lower household income: $34,367 median — tenant affordability is tighter.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Red Springs, NC (28377)?
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Market Analysis: 28377 Red Springs
Investors eyeing 28377 need to respect the fundamentals at play. Home values of $97K come alongside slower price movement and elevated management overhead.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 28377 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Statewide comparisons place 28377 among NC's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The 28377 ZIP's population of 11,188 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that records the need for careful underwriting.
The right play in 28377 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 Red Springs:
Property Strategy for 28377
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $48,274 | $930 | 13.9% | +5.3% | $24,137 |
| 3BR | $107,891 | $1,250 | 8.3% | +6.9% | $35,964 |
| 4BR | $218,052 | $1,500 | 5.0% | +8.8% | $54,513 |
Market Trends
Home Value History (with trend line)
📊 How Does 28377 Compare?
| Metric | 28377 | Red Springs | Lumberton, NC | North Carolina |
|---|---|---|---|---|
| Home Value | $97,169 | $97,169 | N/A | $330,565 |
| 5-Year CAGR | 2.7% | 2.7% | N/A | 7.8% |
| Avg Rent | $837 | $837 | N/A | - |
| Cap Rate | 6.7% | 6.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 28377 (Red Springs, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $97,169 |
| Monthly Rent | $837 |
| Price-to-Rent | 9.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 10.3% |
| Cap Rate | 6.7% |
| 5-Year IRR | 9.4% |
📈 Home Appreciation
| 1-Year | -0.3% ▼ |
| 3-Year CAGR | -1.5% ▼ |
| 5-Year CAGR | +2.7% ▲ |
| 10-Year CAGR | +4.8% ▲ |
🏠 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 (6.7%). 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 28377
Population: 11,188
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 28377
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 778 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are homes affordable in Red Springs, NC?
Red Springs, NC home values average about $97K. That price point suits investors targeting rentals with $837/mo in monthly income.
What is the tenant pool like in Red Springs, NC?
The tenant pool in Red Springs, NC is solid, supported by local employment and population fundamentals. Rents of $837/mo are well-absorbed by the market.
What monthly rent should investors expect in Red Springs, NC?
Average rent in Red Springs, NC is approximately $837/mo per month. Against $97K home values that yields a reasonable rent-to-price ratio.
Do landlords face vacancy issues in Red Springs, NC?
Rental vacancy in Red Springs, NC is elevated. Investors should budget normal turnover but not chronic empty units.
Is Red Springs, NC good for landlords?
Red Springs, NC falls under NC landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
You know 28377 now. You don’t know where it ranks.
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How 28377 ranks in Lumberton, NC
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