Real Estate Investing in Turkey, North Carolina (28393)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 28393 (Turkey, 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.
- Elevated vacancy: 8.0% vacancy may signal weakening demand.
- Lower household income: $34,699 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 Turkey, NC (28393)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 28393 Turkey
ZIP 28393 inside Sampson County looks affordable on the surface — median value of $134K — but the discount exists for reasons that a careful buyer should understand before committing.
For an experienced owner, 28393 can be a an appealing option for hunting ground — but the discount at $134K reflects genuine risk that outside investors often underestimate.
Within NC, ZIP 28393 trails on several market indicators that neighboring Sampson County submarkets outperform. The gap is real and durable enough to shape underwriting.
The 28393 ZIP's population of 1,918 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reflects the need for careful underwriting.
The 28393 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 Turkey:
Property Strategy for 28393
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $110,446 | $930 | 6.1% | — | $55,223 |
| 3BR | $161,239 | $1,110 | 5.0% | +7.7% | $53,746 |
Market Trends
Home Value History (with trend line)
📊 How Does 28393 Compare?
| Metric | 28393 | Turkey | North Carolina |
|---|---|---|---|
| Home Value | $133,996 | $133,996 | $330,565 |
| 5-Year CAGR | 7.0% | 7.0% | 7.8% |
| Avg Rent | $837 | $837 | - |
| 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 28393 (Turkey, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $133,996 |
| Monthly Rent | $837 |
| Price-to-Rent | 13.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.5% |
| Cap Rate | 4.9% |
| 5-Year IRR | 11.9% |
📈 Home Appreciation
| 1-Year | +21.2% ▲ |
| 3-Year CAGR | +7.3% ▲ |
| 5-Year CAGR | +7.0% ▲ |
| 10-Year CAGR | N/A |
🏠 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 (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 28393
Population: 1,918
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
🎓 Nearby Colleges & Universities
Investor Insight: With 961 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Turkey, NC a smart market for rental property?
Turkey, NC shows an investability rating of 3.0/5, with median home values near $134K and average rents around $837/mo. That combination puts it in the significant tier for investor interest.
Are landlord laws favorable in Turkey, NC?
For rental operators, Turkey, NC rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
What are vacancy rates like in Turkey, NC?
Turkey, NC carries elevated vacancy risk. Expect even-keeled absorption at market rents of $837/mo.
Can owner-occupants cash flow in Turkey, NC?
The house hack math a challenging in Turkey, NC. Owner-occupant buyers benefit from the $837/mo rents and $134K home values.
How much rent can I charge in Turkey, NC?
Rental rates in Turkey, NC average $837/mo. Tenant demand and $134K home values make the yield look reasonable by investor standards.
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