Real Estate Investing in Bolton, North Carolina (28423)

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

Columbus County • Population: 2,477 • Data updated: September 2026

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Should you buy in 28423 (Bolton, NC)? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (57/100)

Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.

📈 For Investors
MIXED
3.0 / 5 (52/100)

A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.

⚠️ Risks to Know
1 flag
  • High vacancy: 15.3% 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 Bolton, NC (28423)?

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3.0/ 5

Investability

Overall investment appeal

1.0/ 5

Appreciation

Long-term value growth

4.0/ 5

Cashflow ROI

Rental yield potential

Avg Home Value $169,557
Avg Monthly Rent $990
1% Rule ✗ Does Not Meet
Median Income $40,052
% Renters 12.5%

Market Analysis: 28423 Bolton

Stepping back, ZIP 28423 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $170K median. It rewards specialists, not generalists.

Distressed markets are won on execution, not on spreadsheets. ZIP 28423 comes in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.

The gap between 28423 and stronger Bolton ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.

The 28423 ZIP's population of 2,477 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that posts the need for careful underwriting.

Experienced landlords with local relationships tend to find 28423 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.

Explore the Data — Click a Tab Below
🏦 Current 30-yr Fixed Mortgage Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS

Here's what matters if you're considering buying a home in Bolton:

C Below Average
Buy Confidence Score: 59/100
Affordability
15/25
Appreciation
14/25
Stability
7/20
Timing
8/15
Rental backup
15/15
Affordability
Moderate
Homes cost 4.2× the median income
Value Trend
Stable (+2.2%)
How home values changed in the past year
Rental Backup
Strong
Could rent for $990/mo if you need to move
Market Conditions
BALANCED
Even conditions for buyers and sellers
Bottom Line: This market may be challenging for buyers. Consider your timing and budget carefully.

Market Trends

Home Value History (with trend line)

$194K$178K$163K$147K$131K$116KFeb 2019Nov 2022Jul 2026

📊 How Does 28423 Compare?

Metric 28423 Bolton North Carolina
Home Value $169,557 $169,557 $330,565
5-Year CAGR 1.6% 1.6% 7.8%
Avg Rent $990 $990 -
Cap Rate 4.6% 4.6% -
💡 Why Invest in 28423? Click to expand

With a 3/5 investability rating, this ZIP shows solid fundamentals for buy-and-hold investors.

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Landlord Ground Truth

Real numbers from people who own or manage rentals in ZIP 28423 (Bolton, NC). Anonymous, moderated, never written by AI.

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Investability
Good
Cap Rate
4.6%
Fair
5yr Growth
+1.6%
Slow

📊 Market Snapshot

Home Value $169,557
Monthly Rent $990
Price-to-Rent 14.3:1
1% Rule ✗ Fails

💰 Return Metrics

Gross Yield 7.0%
Cap Rate 4.6%
5-Year IRR 6.1%

📈 Home Appreciation

1-Year +2.2% ▲
3-Year CAGR -2.0% ▼
5-Year CAGR +1.6% ▲
10-Year CAGR N/A

🏠 Rent Trends

1-Year N/A
3-Year CAGR N/A
5-Year CAGR N/A
Negative Leverage — IRR / Tax Play Cap Rate: 4.6%  |  30yr Rate: 6.8%
Leverage reduces cash returns at current rates.

The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.6%). 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.

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⚠️ Risk Signals

Composite view of factors that can impact a ZIP's stability and your downside risk.

Vacancy
15.3%
Elevated risk
Landlord Climate
4.0/5
Friendly
Value Trend (5yr)
+1.6%
Flat
Eviction process: Moderate Rent control: Favorable

Demographics in 28423

Population: 2,477

💰 Median Household Income
$40,052
This area
$40,052
State
$63,256
USA
$74,580
🏠 Renter Occupied
12.5%
This area
12.5%
State
27.8%
USA
34.0%
💼 Unemployment Rate
6.5%
This area
6.5%
State
-19.3%
USA
3.7%
🎓 College Educated
5.9%
This area
5.9%
State
0.5%
USA
33.7%
👤 Median Age
41.8 years
This area
41.8 years
State
6.5 years
USA
38.9 years
🏚️ Vacancy Rate
15.3%
This area
15.3%
State
19.4%
USA
10.5%
👥 Population by Ethnicity
Other/Mixed 41.0%
White 30.6%
Black/African American 28.0%
Hispanic/Latino 2.1%
Asian 0.4%
👶 Under 18
18.3%
This area
18.3%
USA
22.0%
👴 65 and Over
24.9%
This area
24.9%
USA
17.3%
📊 Poverty Rate
17.0%
This area
17.0%
USA
11.5%

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

Where do rents currently stand in Bolton, NC?

The typical rental in Bolton, NC commands about $990/mo monthly. That rent profile steady cash flow against the $170K purchase basis.

How qualified is the tenant pool in Bolton, NC?

Expect a solid tenant pool in Bolton, NC. The rental market absorbs $990/mo rents without meaningful friction.

What are home prices like in Bolton, NC?

The median home value in Bolton, NC is roughly $170K. That puts it reasonable relative to the NC statewide average.

Can I house hack in Bolton, NC?

Bolton, NC offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $990/mo rent level.

Is Bolton, NC landlord-friendly?

NC ranks as a landlord-friendly state for landlord-tenant law. Bolton generally follows the statewide framework, so landlords face reasonable operating rules.

You know 28423 now. You don’t know where it ranks.

This page stays free — all of it. What one page can’t tell you is how 28423 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.

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