Real Estate Investing in Harrells, North Carolina (28447)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 28447 (Harrells, NC)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 30.3% of homes vacant — above national norms.
- Elevated poverty: 25.4% poverty rate — can affect rent collection.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Harrells, NC (28447)?
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Market Analysis: 28447 Harrells
ZIP 28447 in Harrells, NC carries a resilient set of headwinds. Home values near $171K and rents of $882/mo sit inside a market where underwriting has to be tight.
Turning to rents, the numbers look inviting — $171K purchase price, 0.0% nominal cap — the work to hit that pro forma in 28447 is substantial and deserves full respect.
The gap between 28447 and stronger Harrells ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Who lives in 28447 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Distressed ZIPs reward experience. robust returns are possible in 28447, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Harrells:
Market Trends
Home Value History (with trend line)
📊 How Does 28447 Compare?
| Metric | 28447 | Harrells | Wilmington, NC | North Carolina |
|---|---|---|---|---|
| Home Value | $170,967 | $162,509 | N/A | $330,565 |
| 5-Year CAGR | 2.6% | 3.2% | N/A | 7.8% |
| Avg Rent | $882 | $887 | N/A | - |
| Cap Rate | 4.0% | 4.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 28447 (Harrells, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $170,967 |
| Monthly Rent | $882 |
| Price-to-Rent | 16.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.2% |
| Cap Rate | 4.0% |
| 5-Year IRR | 6.6% |
📈 Home Appreciation
| 1-Year | -0.8% ▼ |
| 3-Year CAGR | -0.8% ▼ |
| 5-Year CAGR | +2.6% ▲ |
| 10-Year CAGR | +5.2% ▲ |
🏠 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 (4.0%). 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 28447
Population: 1,483
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
What is the investability score for Harrells, NC?
Harrells, NC sits at an investability rating of 3.0/5, with median home values near $171K and average rents around $882/mo. That combination puts it in the significant tier for investor interest.
What do landlords charge for rent in Harrells, NC?
Rent in Harrells, NC is around $882/mo. The resulting rent-to-value relationship with $171K pricing is reasonable for most investor models.
What approach is best for Harrells, NC real estate?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Harrells, NC. The numbers - $171K homes against $882/mo rents - support that play.
How landlord-friendly is Harrells, NC?
The landlord environment in Harrells, NC is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
What are home prices like in Harrells, NC?
Median home price in Harrells, NC is near $171K, with a 5-year CAGR of 0.0%. Prices have been stable and supportive of buy-and-hold strategies.
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