Real Estate Investing in Ash, North Carolina (28420)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 28420 (Ash, NC)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 18.2% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Ash, NC (28420)?
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Market Analysis: 28420 Ash
ZIP 28420 inside Brunswick County looks affordable on the surface — median value of $273K — but the discount exists for reasons that a careful buyer should understand before committing.
Meanwhile, the numbers look inviting — $273K purchase price, 0.0% nominal cap — the work to hit that pro forma in 28420 is substantial and deserves full respect.
Statewide comparisons place 28420 among NC's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
A resilient renter share of 28% in 28420 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
appears to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Ash:
Property Strategy for 28420
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $191,932 | $1,200 | 4.5% | +6.0% | $95,966 |
| 3BR | $247,749 | $1,670 | 4.9% | +5.0% | $82,583 |
Market Trends
Home Value History (with trend line)
📊 How Does 28420 Compare?
| Metric | 28420 | Ash | North Carolina |
|---|---|---|---|
| Home Value | $273,371 | $273,371 | $330,565 |
| 5-Year CAGR | 2.9% | 2.9% | 7.8% |
| Avg Rent | $1,080 | $1,080 | - |
| Cap Rate | 3.1% | 3.1% | - |
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 28420 (Ash, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $273,371 |
| Monthly Rent | $1,080 |
| Price-to-Rent | 21.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.1% |
| 5-Year IRR | 6.0% |
📈 Home Appreciation
| 1-Year | +7.6% ▲ |
| 3-Year CAGR | +2.7% ▲ |
| 5-Year CAGR | +2.9% ▲ |
| 10-Year CAGR | +6.3% ▲ |
🏠 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 (3.1%). 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 28420
Population: 2,697
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 28420
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 767 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is real estate in Ash, NC a good investment right now?
Ash, NC rates 3.0/5 for investability. With median values at $273K and rents near $1,080/mo, the market offers reasonable fundamentals for rental investors.
How do home values compare in Ash, NC?
Homes in Ash, NC typically sell near $273K. Prices have moved at a 0.0% 5-year CAGR, which reliable long-term demand.
What monthly rent should investors expect in Ash, NC?
Average rent in Ash, NC is approximately $1,080/mo per month. Against $273K home values that yields a reasonable rent-to-price ratio.
What kind of tenants rent in Ash, NC?
Ash, NC offers a measured renter base at the $1,080/mo rent level. Tenant turnover is reasonable for well-managed properties.
Should investors worry about vacancy in Ash, NC?
Vacancy in Ash, NC is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,080/mo.
You know 28420 now. You don’t know where it ranks.
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How 28420 ranks in Myrtle Beach-Conway-North Myrtle Beach, SC-NC
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