Real Estate Investing in Sunset Beach, North Carolina (28468)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 28468 (Sunset Beach, 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: 54.8% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 26.0 — hard to cash-flow at these prices.
What’s happening in Sunset Beach, NC (28468)?
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Market Analysis: 28468 Sunset Beach
Investors eyeing 28468 need to respect the fundamentals at play. Home values of $432K come alongside slower price movement and elevated management overhead.
On balance, the numbers look inviting — $432K purchase price, 0.0% nominal cap — the work to hit that pro forma in 28468 is substantial and deserves full respect.
Regionally, 28468 sits on the difficult end of the NC spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 28468 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
New investors are better served looking at Sunset Beach's stable or hybrid ZIPs before stepping into 28468. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Sunset Beach:
Property Strategy for 28468
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $260,522 | $1,510 | 4.2% | +9.6% | $130,261 |
| 3BR | $418,455 | $2,100 | 3.6% | +8.6% | $139,485 |
| 4BR | $711,912 | $2,530 | 2.6% | +12.4% | $177,978 |
| 5BR | $986,765 | — | — | — | $197,353 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 28468 Compare?
| Metric | 28468 | Sunset Beach | North Carolina |
|---|---|---|---|
| Home Value | $432,452 | $432,452 | $330,565 |
| 5-Year CAGR | 6.1% | 6.1% | 7.8% |
| Avg Rent | $1,386 | $1,386 | - |
| Cap Rate | 2.5% | 2.5% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 28468 (Sunset Beach, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $432,452 |
| Monthly Rent | $1,386 |
| Price-to-Rent | 26.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.9% |
| Cap Rate | 2.5% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +2.1% ▲ |
| 3-Year CAGR | +2.1% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 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 (2.5%). 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 28468
Population: 4,844
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 strong is Sunset Beach, NC for real estate investors?
Sunset Beach, NC scores 3.0/5 for investability. Home values sit at $432K and rents near $1,386/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How much do tenants pay in Sunset Beach, NC?
Expect rents around $1,386/mo per month in Sunset Beach, NC. With home values at $432K, the yield math works out to reasonable levels for rental investors.
What is the typical vacancy rate in Sunset Beach, NC?
Occupancy in Sunset Beach, NC runs consistent with elevated vacancy. Well-priced units at $1,386/mo lease on reasonable timelines.
Does house hacking make sense in Sunset Beach, NC?
House hacking works a challenging in Sunset Beach, NC. Rents of $1,386/mo against $432K acquisition make the strategy solid for owner-occupants.
Is housing expensive in Sunset Beach, NC?
Sunset Beach, NC median home values land near $432K. That is reasonable territory for investors looking at $1,386/mo-per-month rentals.
You know 28468 now. You don’t know where it ranks.
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How 28468 ranks in Myrtle Beach-Conway-North Myrtle Beach, SC-NC
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