Real Estate Investing in Davis, North Carolina (28524)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 28524 (Davis, NC)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 36.8% 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 Davis, NC (28524)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 28524 Davis
The 28524 ZIP covers a section of Davis that demands careful diligence. Prices near $230K look accessible, but the work to make a deal cash flow is real.
The 28524 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
ZIP 28524's metrics run below Carteret's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The 28524 ZIP's population of 290 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that stands at the need for careful underwriting.
Distressed ZIPs reward experience. substantial returns are possible in 28524, 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 Davis:
Market Trends
Home Value History (with trend line)
📊 How Does 28524 Compare?
| Metric | 28524 | Davis | North Carolina |
|---|---|---|---|
| Home Value | $230,357 | $230,357 | $330,565 |
| 5-Year CAGR | 4.3% | 4.3% | 7.8% |
| Avg Rent | $1,080 | $1,080 | - |
| Cap Rate | 3.7% | 3.7% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 28524 (Davis, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $230,357 |
| Monthly Rent | $1,080 |
| Price-to-Rent | 17.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.7% |
| 5-Year IRR | 7.9% |
📈 Home Appreciation
| 1-Year | +8.2% ▲ |
| 3-Year CAGR | +2.9% ▲ |
| 5-Year CAGR | +4.3% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 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 (3.7%). 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 28524
Population: 290
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 28524
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
Down East Middle and Smyrna Elementary
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
How much do tenants pay in Davis, NC?
Rent in Davis, NC is around $1,080/mo. The resulting rent-to-value relationship with $230K pricing is reasonable for most investor models.
What kind of vacancy should I budget for in Davis, NC?
Davis, NC vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
How strong is Davis, NC for real estate investors?
Davis, NC scores 3.0/5 for investability. Home values sit at $230K and rents near $1,080/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What real estate strategy is ideal for Davis, NC?
Davis, NC investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($230K prices, $1,080/mo rents) make it a reasonable choice.
Is Davis, NC good for landlords?
For rental operators, Davis, NC rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
You know 28524 now. You don’t know where it ranks.
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