Real Estate Investing in Oak Island, North Carolina (28465)
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Should you buy in 28465 (Oak Island, 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: 61.3% of homes vacant — above national norms.
What’s happening in Oak Island, NC (28465)?
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Market Analysis: 28465 Oak Island
ZIP 28465 in Oak Island, NC carries a healthy set of headwinds. Home values near $611K and rents of $2,250/mo sit inside a market where underwriting has to be tight.
Distressed markets are won on execution, not on spreadsheets. ZIP 28465 sits at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Nearby ZIPs in Oak Island have seen price recovery that 28465 has not matched. Brunswick County data supports the view that the spread is structural rather than temporary.
The 28465 ZIP's population of 8,689 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that records the need for careful underwriting.
Strategically, 28465 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 Oak Island:
Property Strategy for 28465
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $385,144 | $1,410 | 2.6% | +11.2% | $192,572 |
| 3BR | $560,514 | $1,960 | 2.5% | +11.2% | $186,838 |
| 4BR | $881,147 | $2,370 | 1.9% | +11.8% | $220,287 |
| 5BR | $1,331,445 | — | — | +11.8% | $266,289 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 28465 Compare?
| Metric | 28465 | Oak Island | North Carolina |
|---|---|---|---|
| Home Value | $610,522 | $610,522 | $330,565 |
| 5-Year CAGR | 7.1% | 7.1% | 7.8% |
| Avg Rent | $2,250 | $2,250 | - |
| Cap Rate | 2.9% | 2.9% | - |
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 28465 (Oak Island, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $610,522 |
| Monthly Rent | $2,250 |
| Price-to-Rent | 22.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +4.2% ▲ |
| 3-Year CAGR | +2.5% ▲ |
| 5-Year CAGR | +7.1% ▲ |
| 10-Year CAGR | +9.3% ▲ |
🏠 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 (2.9%). 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 28465
Population: 8,689
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
🎓 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
What type of investing works in Oak Island, NC?
A careful cash-flow rentals with hands-on management strategy Oak Island, NC best. The market produces consistent results for that approach at the $611K price point.
Is the tenant base reliable in Oak Island, NC?
The renter base in Oak Island, NC is reasonable for the $2,250/mo price point. Screening well and pricing to market typically yields stable tenants.
How much does a house cost in Oak Island, NC?
Homes in Oak Island, NC typically sell near $611K. Prices have moved at a 0.0% 5-year CAGR, which steady long-term demand.
How does Oak Island, NC rate as a rental market?
Oak Island, NC scores 3.0/5 for investability. Home values sit at $611K and rents near $2,250/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Is Oak Island, NC good for landlords?
For rental operators, Oak Island, NC rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
You know 28465 now. You don’t know where it ranks.
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How 28465 ranks in Myrtle Beach-Conway-North Myrtle Beach, SC-NC
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