Real Estate Investing in Shallotte, North Carolina (28470)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 28470 (Shallotte, NC)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 23.6% of homes vacant — above national norms.
What’s happening in Shallotte, NC (28470)?
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Market Analysis: 28470 Shallotte
This part of Brunswick County is not an easy win. The 28470 ZIP posts softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $1,709/mo on a $323K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 28470 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Shallotte have seen price recovery that 28470 has not matched. Brunswick County data supports the view that the spread is structural rather than temporary.
Stepping back, 10,964 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
New investors are better served looking at Shallotte's stable or hybrid ZIPs before stepping into 28470. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Shallotte:
Property Strategy for 28470
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $224,948 | $1,270 | 4.1% | +7.2% | $112,474 |
| 3BR | $322,496 | $1,770 | 4.0% | +7.9% | $107,499 |
| 4BR | $386,057 | $2,130 | 4.0% | +7.3% | $96,514 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 28470 Compare?
| Metric | 28470 | Shallotte | North Carolina |
|---|---|---|---|
| Home Value | $323,215 | $323,215 | $330,565 |
| 5-Year CAGR | 4.8% | 4.8% | 7.8% |
| Avg Rent | $1,709 | $1,709 | - |
| Cap Rate | 4.1% | 4.1% | - |
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 28470 (Shallotte, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $323,215 |
| Monthly Rent | $1,709 |
| Price-to-Rent | 15.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.4% |
| Cap Rate | 4.1% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +2.2% ▲ |
| 3-Year CAGR | +0.8% ▲ |
| 5-Year CAGR | +4.8% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 Rent Trends
| 1-Year | +3.1% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.1%). 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 28470
Population: 10,964
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 28470
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 strong is Shallotte, NC for real estate investors?
Shallotte, NC scores 3.0/5 for investability. Home values sit at $323K and rents near $1,709/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What are home prices like in Shallotte, NC?
Median home price in Shallotte, NC is near $323K, with a 5-year CAGR of 0.0%. Prices have been measured and supportive of buy-and-hold strategies.
How strong are rents in Shallotte, NC?
The typical rental in Shallotte, NC commands about $1,709/mo monthly. That rent profile reliable cash flow against the $323K purchase basis.
Are eviction rules reasonable in Shallotte, NC?
For rental operators, Shallotte, NC rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Which real estate strategy fits Shallotte, NC?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Shallotte, NC. The numbers - $323K homes against $1,709/mo rents - support that play.
You know 28470 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 28470 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.
How 28470 ranks in Myrtle Beach-Conway-North Myrtle Beach, SC-NC
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