Real Estate Investing in Bolivia, North Carolina (28422)
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Should you buy in 28422 (Bolivia, NC)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 22.9% of homes vacant — above national norms.
What’s happening in Bolivia, NC (28422)?
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Market Analysis: 28422 Bolivia
The 28422 ZIP covers a section of Bolivia that demands careful diligence. Prices near $335K look accessible, but the work to make a deal cash flow is real.
For an experienced owner, 28422 can be a a solid fit for hunting ground — but the discount at $335K reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 28422 among NC's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
A substantial renter share of 12% in 28422 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at Bolivia's stable or hybrid ZIPs before stepping into 28422. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Bolivia:
Property Strategy for 28422
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $254,136 | $1,630 | 4.6% | +8.7% | $127,068 |
| 3BR | $320,645 | $2,270 | 5.1% | +6.5% | $106,882 |
| 4BR | $355,713 | $2,730 | 5.5% | +6.5% | $88,928 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 28422 Compare?
| Metric | 28422 | Bolivia | North Carolina |
|---|---|---|---|
| Home Value | $335,017 | $335,017 | $330,565 |
| 5-Year CAGR | 3.5% | 3.5% | 7.8% |
| Avg Rent | $2,157 | $2,157 | - |
| 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 28422 (Bolivia, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $335,017 |
| Monthly Rent | $2,157 |
| Price-to-Rent | 12.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.7% |
| Cap Rate | 5.0% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +1.6% ▲ |
| 3-Year CAGR | 0.0% ▼ |
| 5-Year CAGR | +3.5% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) 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 28422
Population: 8,590
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 28422
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
How landlord-friendly is Bolivia, NC?
NC ranks as a landlord-friendly state for landlord-tenant law. Bolivia generally follows the statewide framework, so landlords face reasonable operating rules.
Are tenants stable in Bolivia, NC?
Expect a solid tenant pool in Bolivia, NC. The rental market absorbs $2,157/mo rents without meaningful friction.
What is the average home sale price in Bolivia, NC?
Bolivia, NC home values average about $335K. That price point suits investors targeting rentals with $2,157/mo in monthly income.
How does Bolivia, NC rate as a rental market?
Our data puts Bolivia, NC at 3.0/5 for investability. Home prices of $335K and rents around $2,157/mo create a solid backdrop for investor activity.
Can I live-in-and-rent in Bolivia, NC?
Bolivia, NC is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $335K price point reasonable to enter.
You know 28422 now. You don’t know where it ranks.
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How 28422 ranks in Myrtle Beach-Conway-North Myrtle Beach, SC-NC
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