Real Estate Investing in Atkinson, North Carolina (28421)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 28421 (Atkinson, 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: 31.0% 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 Atkinson, NC (28421)?
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Market Analysis: 28421 Atkinson
ZIP 28421 in Atkinson, NC carries a durable set of headwinds. Home values near $222K and rents of $882/mo sit inside a market where underwriting has to be tight.
The investment case in 28421 is healthy only for operators who understand what they are buying. A $222K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
ZIP 28421's metrics run below Pender County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Resident income in 28421 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategically, 28421 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Atkinson:
Market Trends
Home Value History (with trend line)
📊 How Does 28421 Compare?
| Metric | 28421 | Atkinson | Wilmington, NC | North Carolina |
|---|---|---|---|---|
| Home Value | $221,547 | $221,547 | N/A | $330,565 |
| 5-Year CAGR | 4.4% | 4.4% | N/A | 7.8% |
| Avg Rent | $882 | $882 | N/A | - |
| Cap Rate | 3.1% | 3.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 28421 (Atkinson, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $221,547 |
| Monthly Rent | $882 |
| Price-to-Rent | 20.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 7.6% |
📈 Home Appreciation
| 1-Year | +5.4% ▲ |
| 3-Year CAGR | +4.4% ▲ |
| 5-Year CAGR | +4.4% ▲ |
| 10-Year CAGR | +8.0% ▲ |
🏠 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 28421
Population: 2,130
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
Frequently Asked Questions
How quickly do rentals get leased in Atkinson, NC?
Atkinson, NC carries elevated vacancy risk. Expect measured absorption at market rents of $882/mo.
What type of investing works in Atkinson, NC?
Investors usually favor careful cash-flow rentals with hands-on management in Atkinson, NC. With home values at $222K and rents near $882/mo, other strategies can work but produce steady rather than outsized returns.
How much should I expect to pay for a home in Atkinson, NC?
Typical homes in Atkinson, NC go for around $222K. The 5-year CAGR of 0.0% consistent price movement.
Does house hacking make sense in Atkinson, NC?
House hacking works a challenging in Atkinson, NC. Rents of $882/mo against $222K acquisition make the strategy solid for owner-occupants.
What is the renter demographic in Atkinson, NC?
Tenant quality in Atkinson, NC ranks as solid. Landlords generally report steady occupancy at market rents of $882/mo.
You know 28421 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 28421 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 28421 ranks in Wilmington, NC
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