Real Estate Investing in Seven Springs, North Carolina (28578)

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

Wayne County • Population: 4,585 • Data updated: September 2026

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Should you buy in 28578 (Seven Springs, NC)? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (57/100)

Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.

📈 For Investors
MIXED
3.0 / 5 (57/100)

A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.

⚠️ Risks to Know
3 flags
  • High vacancy: 18.7% of homes vacant — above national norms.
  • Declining values: -1.2% 5-year CAGR — values have moved lower.
  • Elevated poverty: 27.8% poverty rate — can affect rent collection.

• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.

What’s happening in Seven Springs, NC (28578)?

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3.0/ 5

Investability

Overall investment appeal

1.0/ 5

Appreciation

Long-term value growth

5.0/ 5

Cashflow ROI

Rental yield potential

Avg Home Value $129,353
Avg Monthly Rent $999
1% Rule ✗ Does Not Meet
Median Income $61,515
% Renters 32.0%

Market Analysis: 28578 Seven Springs

The 28578 ZIP covers a section of Seven Springs that demands careful diligence. Prices near $129K look accessible, but the work to make a deal cash flow is real.

The investment case in 28578 is notable only for operators who understand what they are buying. A $129K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.

The gap between 28578 and stronger Seven Springs ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.

Resident income in 28578 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.

Strategically, 28578 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.

Explore the Data — Click a Tab Below
🏦 Current 30-yr Fixed Mortgage Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS

Here's what matters if you're considering buying a home in Seven Springs:

C Below Average
Buy Confidence Score: 58/100
Affordability
25/25
Appreciation
5/25
Stability
7/20
Timing
6/15
Rental backup
15/15
Affordability
Affordable
Homes cost 2.1× the median income
Value Trend
Rising (+3.4%)
How home values changed in the past year
Rental Backup
Strong
Could rent for $999/mo if you need to move
Market Conditions
WARM
Seller-favorable conditions, steady activity
Bottom Line: This market may be challenging for buyers. Consider your timing and budget carefully.
☀️
WARM MARKET
Goldsboro, NC Metro Area
Seller-favorable conditions, steady activity
0 days
Average time to sell
Very Fast
9.3%
Listings with price cuts
Few Cuts
0.0%
Sale price vs asking
Below Ask
0.0%
Income needed for mortgage
Affordable
📅 Market conditions as of August 29, 2026 — updated weekly from Goldsboro, NC metro data

Market Trends

Home Value History (with trend line)

$154K$140K$126K$112K$98K$85KJan 2009Oct 2017Jul 2026

📊 How Does 28578 Compare?

Metric 28578 Seven Springs Goldsboro, NC North Carolina
Home Value $129,353 $129,353 N/A $330,565
5-Year CAGR N/A N/A N/A 7.8%
Avg Rent $999 $999 N/A -
Cap Rate 6.0% 6.0% - -
💡 Why Invest in 28578? Click to expand

With a 3/5 investability rating, this ZIP shows solid fundamentals for buy-and-hold investors.

📊 See where this ZIP ranks in our Best-of lists →
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Landlord Ground Truth

Real numbers from people who own or manage rentals in ZIP 28578 (Seven Springs, NC). Anonymous, moderated, never written by AI.

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Investability
Good
Cap Rate
6.0%
Good
5yr Growth
-1.2%
Declining

📉 Market Crash Risk Index

Based on Goldsboro, NC metro

1/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
1/3
55%
Days Pending
0/2
0 days

View all metro crash risk rankings →

📊 Market Snapshot

Home Value $129,353
Monthly Rent $999
Price-to-Rent 10.8:1
1% Rule ✗ Fails

💰 Return Metrics

Gross Yield 9.3%
Cap Rate 6.0%
5-Year IRR 4.9%

📈 Home Appreciation

1-Year +3.4% ▲
3-Year CAGR -3.8% ▼
5-Year CAGR -1.2% ▼
10-Year CAGR +1.5% ▲

🏠 Rent Trends

1-Year N/A
3-Year CAGR N/A
5-Year CAGR N/A
Negative Leverage — IRR / Tax Play Cap Rate: 6.0%  |  30yr Rate: 6.8%
Leverage reduces cash returns at current rates.

The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (6.0%). 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.

Vacancy
18.7%
Elevated risk
Landlord Climate
4.0/5
Friendly
Value Trend (5yr)
-1.2%
Flat
Eviction process: Moderate Rent control: Favorable

Demographics in 28578

Population: 4,585

💰 Median Household Income
$61,515
This area
$61,515
State
$63,256
USA
$74,580
🏠 Renter Occupied
32.0%
This area
32.0%
State
27.8%
USA
34.0%
💼 Unemployment Rate
4.9%
This area
4.9%
State
-19.3%
USA
3.7%
🎓 College Educated
9.0%
This area
9.0%
State
0.5%
USA
33.7%
👤 Median Age
29.1 years
This area
29.1 years
State
6.5 years
USA
38.9 years
🏚️ Vacancy Rate
18.7%
This area
18.7%
State
19.4%
USA
10.5%
👥 Population by Ethnicity
White 65.0%
Other/Mixed 30.2%
Hispanic/Latino 25.5%
Black/African American 4.8%
👶 Under 18
37.3%
This area
37.3%
USA
22.0%
👴 65 and Over
10.6%
This area
10.6%
USA
17.3%
📊 Poverty Rate
27.8%
This area
27.8%
USA
11.5%

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 28578

B Avg School Grade
2 Schools
17.0:1 Avg Class Size
$12,270 Avg Per Pupil

Schools in This ZIP Code

B Good

Spring Creek High

📚 09 – 12 High School
👥
742 Students
👨‍🏫
16.2:1 Class Size
💰
$12,270 Per Student
B Good

Spring Creek Middle

📚 05 – 08 School
👥
622 Students
👨‍🏫
17.9:1 Class Size
💰
$12,270 Per Student
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

2 Nearby 983 Off-Campus Students
C
University of Mount Olive
2,128 students · 11.6 mi
C+
Wayne Community College
2,883 students · 14.8 mi

Investor Insight: With 983 students living off-campus nearby, this area has strong rental demand from the college population.

Frequently Asked Questions

What real estate strategy is ideal for Seven Springs, NC?

Seven Springs, NC investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($129K prices, $999/mo rents) make it a reasonable choice.

Are there empty rentals in Seven Springs, NC?

Vacancy in Seven Springs, NC is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $999/mo.

Is Seven Springs in NC worth investing in?

Our data puts Seven Springs, NC at 3.0/5 for investability. Home prices of $129K and rents around $999/mo create a solid backdrop for investor activity.

Are renters plentiful in Seven Springs, NC?

Working renters make up the core of the Seven Springs, NC tenant base. The pool is reasonable for investors targeting long-term holds.

How do home values compare in Seven Springs, NC?

In Seven Springs, NC the median home value sits at $129K. Against the broader NC market, that reads as reasonable for most investors.

You know 28578 now. You don’t know where it ranks.

This page stays free — all of it. What one page can’t tell you is how 28578 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.

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How 28578 ranks in Goldsboro, NC

Every ZIP in this metro, ranked. Free.

Cash Flow → Appreciation → Affordable →
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