Real Estate Investing in Vandemere, North Carolina (28587)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 28587 (Vandemere, 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: 32.2% of homes vacant — above national norms.
- Elevated poverty: 25.0% poverty rate — can affect rent collection.
- Lower household income: $31,250 median — tenant affordability is tighter.
• 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 Vandemere, NC (28587)?
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Market Analysis: 28587 Vandemere
Not every below-median market is a bargain. Vandemere's 28587 ZIP comes in at signals that favor experienced operators who can absorb the risk $205K pricing implies.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $205K asset, 28587 is the wrong submarket. If the plan prices in friction, the yield can still work.
Nearby ZIPs in Vandemere have seen price recovery that 28587 has not matched. Pamlico County data supports the view that the spread is structural rather than temporary.
Resident income in 28587 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
New investors are better served looking at Vandemere's stable or hybrid ZIPs before stepping into 28587. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Vandemere:
Market Trends
Home Value History (with trend line)
📊 How Does 28587 Compare?
| Metric | 28587 | Vandemere | New Bern, NC | North Carolina |
|---|---|---|---|---|
| Home Value | $205,049 | $205,049 | N/A | $330,565 |
| 5-Year CAGR | 7.7% | 7.7% | N/A | 7.8% |
| Avg Rent | $963 | $963 | N/A | - |
| 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 28587 (Vandemere, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $205,049 |
| Monthly Rent | $963 |
| Price-to-Rent | 17.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.7% |
| 5-Year IRR | 11.4% |
📈 Home Appreciation
| 1-Year | +27.1% ▲ |
| 3-Year CAGR | +10.0% ▲ |
| 5-Year CAGR | +7.7% ▲ |
| 10-Year CAGR | +8.8% ▲ |
🏠 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 28587
Population: 204
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 28587
Nearby Schools (4 more)
Schools in adjacent ZIP codes that may serve this area
Pamlico County Middle
Pamlico County High
Pamlico County Primary
Fred A Anderson 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.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Is Vandemere, NC a good place for real estate investing?
Vandemere, NC clocks in at an investability rating of 3.0/5, with median home values near $205K and average rents around $963/mo. That combination puts it in the impressive tier for investor interest.
How strong are rents in Vandemere, NC?
Investors in Vandemere, NC typically see rents near $963/mo per month against $205K home values - a solid setup for rental cash flow.
How quickly do rentals get leased in Vandemere, NC?
Vacancy risk in Vandemere, NC is elevated. That supports steady cash flow for typical rental holds.
Is house hacking profitable in Vandemere, NC?
House hacking works a challenging in Vandemere, NC. Rents of $963/mo against $205K acquisition make the strategy solid for owner-occupants.
What is the smart move for investors in Vandemere, NC?
Most investors in Vandemere, NC run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
You know 28587 now. You don’t know where it ranks.
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How 28587 ranks in New Bern, NC
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