Real Estate Investing in Newport, North Carolina (28570)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 28570 (Newport, 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: 18.8% of homes vacant — above national norms.
What’s happening in Newport, NC (28570)?
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Market Analysis: 28570 Newport
This part of Carteret County is not an easy win. The 28570 ZIP shows softness in key indicators, and the playbook that works in cleaner markets often stalls here.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $352K asset, 28570 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within NC, ZIP 28570 trails on several market indicators that neighboring Carteret County submarkets outperform. The gap is real and resilient enough to shape underwriting.
The demographic picture in 28570 includes headwinds that any investor should price in. Income distribution skews lower than Newport averages, and tenant stability requires active management.
New investors are better served looking at Newport's stable or hybrid ZIPs before stepping into 28570. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Newport:
Property Strategy for 28570
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $237,167 | $1,130 | 3.4% | +8.4% | $118,584 |
| 3BR | $326,830 | $1,450 | 3.2% | +8.2% | $108,943 |
| 4BR | $482,677 | $1,850 | 2.8% | +8.3% | $120,669 |
| 5BR | $628,332 | — | — | +8.6% | $125,666 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 28570 Compare?
| Metric | 28570 | Newport | Morehead City, NC | North Carolina |
|---|---|---|---|---|
| Home Value | $351,907 | $351,907 | N/A | $330,565 |
| 5-Year CAGR | 6.0% | 6.0% | N/A | 7.8% |
| Avg Rent | $1,888 | $1,888 | N/A | - |
| Cap Rate | 4.2% | 4.2% | - | - |
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 28570 (Newport, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $351,907 |
| Monthly Rent | $1,888 |
| Price-to-Rent | 15.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.4% |
| Cap Rate | 4.2% |
| 5-Year IRR | 10.2% |
📈 Home Appreciation
| 1-Year | +3.9% ▲ |
| 3-Year CAGR | +3.3% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.7%) exceeds the estimated cap rate (4.2%). 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 28570
Population: 21,435
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 28570
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 710 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the average home sale price in Newport, NC?
Expect median prices around $352K in Newport, NC. The market has run at a 0.0% 5-year CAGR, so entry costs have been reliable.
How strong are rents in Newport, NC?
The typical rental in Newport, NC commands about $1,888/mo monthly. That rent profile even-keeled cash flow against the $352K purchase basis.
How strong is the working-renter base in Newport, NC?
The renter base in Newport, NC is reasonable for the $1,888/mo price point. Screening well and pricing to market typically yields consistent tenants.
What real estate strategy is ideal for Newport, NC?
For Newport, NC, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
How landlord-friendly is Newport, NC?
The landlord environment in Newport, NC is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
You know 28570 now. You don’t know where it ranks.
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How 28570 ranks in Morehead City, NC
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