Real Estate Investing in Atlantic, North Carolina (28511)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 28511 (Atlantic, 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: 46.9% of homes vacant — above national norms.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Atlantic, NC (28511)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 28511 Atlantic
ZIP 28511 in Atlantic, NC carries a substantial set of headwinds. Home values near $237K and rents of $1,080/mo sit inside a market where underwriting has to be tight.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 28511 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
In the broader NC picture, 28511 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Employment concentration in 28511 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Distressed ZIPs reward experience. resilient returns are possible in 28511, 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 Atlantic:
Property Strategy for 28511
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $204,485 | $1,200 | 4.2% | +9.3% | $102,242 |
| 3BR | $242,935 | $1,540 | 4.6% | +9.5% | $80,978 |
Market Trends
Home Value History (with trend line)
📊 How Does 28511 Compare?
| Metric | 28511 | Atlantic | Morehead City, NC | North Carolina |
|---|---|---|---|---|
| Home Value | $236,997 | $236,997 | N/A | $330,565 |
| 5-Year CAGR | 7.0% | 7.0% | N/A | 7.8% |
| Avg Rent | $1,080 | $1,080 | N/A | - |
| Cap Rate | 3.6% | 3.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 28511 (Atlantic, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $236,997 |
| Monthly Rent | $1,080 |
| Price-to-Rent | 18.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 10.5% |
📈 Home Appreciation
| 1-Year | +4.1% ▲ |
| 3-Year CAGR | +5.2% ▲ |
| 5-Year CAGR | +7.0% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 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 (3.6%). 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.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 28511
Population: 627
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 28511
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.
Frequently Asked Questions
What is the typical home price in Atlantic, NC?
Homes in Atlantic, NC typically sell near $237K. Prices have moved at a 0.0% 5-year CAGR, which even-keeled long-term demand.
Is Atlantic, NC landlord-friendly?
NC law landlord-friendly for landlords, and Atlantic inherits those rules. Investors should still review local ordinances for rental licensing.
How much is rent in Atlantic, NC?
Atlantic, NC rentals go for roughly $1,080/mo a month. That puts gross yield in solid territory relative to $237K acquisition costs.
How viable is house hacking in Atlantic, NC?
The house hack math a challenging in Atlantic, NC. Owner-occupant buyers benefit from the $1,080/mo rents and $237K home values.
Which investment style suits Atlantic, NC?
A careful cash-flow rentals with hands-on management strategy Atlantic, NC best. The market produces reliable results for that approach at the $237K price point.
You know 28511 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 28511 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 28511 ranks in Morehead City, NC
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