Real Estate Investing in Swansboro, North Carolina (28584)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 28584 (Swansboro, 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: 21.9% of homes vacant — above national norms.
What’s happening in Swansboro, NC (28584)?
Click any question — our AI will research it live from the web and show you sources.
Local Pulse Report
AI-researched developments and news for Swansboro, NC (28584). Updated on demand as visitors ask.
Growth & development in Swansboro, NC (28584) Updated 10 days ago
Opportunities
- Duke Energy's grid improvement project is underway in Swansboro, enhancing reliability and storm resilience. — This project aims to increase the reliability and efficiency of the energy system for residents and businesses. Duke Energy
- A new public safety complex, including a fire station and police department, is planned for Swansboro with $9 million in grant funding. — This will provide a more resilient and efficient facility for emergency services, better equipped for disasters. WCTI News 12
- Numerous new construction homes are available in Swansboro, with 23 communities offering various housing types. — This expands housing choices for individuals and families looking to move to or within the area. NewHomesource.com
- A 7,000-square-foot retail development is in the final planning stages in Swansboro. — This new retail space will likely offer more shopping options and potentially create local jobs. ConstructConnect
- A turn-key business opportunity featuring a bakery café, specialty drink shop, and ice cream destination is for sale in Swansboro. — This offers an entrepreneur a chance to own an established multi-revenue business and expand local offerings. BizBuySell
Concerns
- The Flybridge project, a proposed mixed-use development with over 300 apartments and retail, faced significant community opposition and was voted down by the planning board and commissioners. — Local residents expressed concerns about increased traffic, strain on infrastructure, and potential wildlife displacement. WCTI News 12
- Main Street Extension in Swansboro was closed for sewer work from August 11 to August 15. — This temporary road closure likely caused traffic disruptions and inconvenience for residents and businesses. WWAY TV
- Several grant applications for Swansboro, including for transportation infrastructure, firefighter positions, and radio equipment, were denied. — These denials may limit the town's ability to fund and implement desired improvements and services. Town of Swansboro, NC
AI-generated from public web sources. Always verify with official records. Not financial, legal, or investment advice.
Here's what matters if you're considering buying a home in Swansboro:
Property Strategy for 28584
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $218,255 | $1,140 | 3.8% | +7.4% | $218,255 |
| 2BR | $275,703 | $1,470 | 3.8% | +9.3% | $137,851 |
| 3BR | $392,845 | $1,950 | 3.6% | +8.7% | $130,948 |
| 4BR | $487,697 | $2,430 | 3.6% | +8.2% | $121,924 |
| 5BR | $525,920 | — | — | +7.9% | $105,184 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 28584 Compare?
| Metric | 28584 | Swansboro | North Carolina |
|---|---|---|---|
| Home Value | $404,071 | $404,071 | $330,565 |
| 5-Year CAGR | 6.4% | 6.4% | 7.8% |
| Avg Rent | $1,819 | $1,819 | - |
| Cap Rate | 3.5% | 3.5% | - |
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 28584 (Swansboro, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $404,071 |
| Monthly Rent | $1,819 |
| Price-to-Rent | 18.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +2.0% ▲ |
| 3-Year CAGR | +2.6% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 Rent Trends
| 1-Year | -3.0% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (7.3%) exceeds the estimated cap rate (3.5%). 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 28584
Population: 14,668
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 28584
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 rental rate in Swansboro, NC?
Investors in Swansboro, NC typically see rents near $1,819/mo per month against $404K home values - a solid setup for rental cash flow.
Are renters plentiful in Swansboro, NC?
Working renters make up the core of the Swansboro, NC tenant base. The pool is reasonable for investors targeting long-term holds.
What is the median home value in Swansboro, NC?
Expect median prices around $404K in Swansboro, NC. The market has run at a 0.0% 5-year CAGR, so entry costs have been even-keeled.
Is Swansboro, NC a good place for real estate investing?
Yes - Swansboro, NC a 3.0/5 investability score. With $404K home prices against $1,819/mo monthly rent, the market delivers a reasonable entry point for new investors.
Are eviction rules reasonable in Swansboro, NC?
For rental operators, Swansboro, NC rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
You know 28584 now. You don’t know where it ranks.
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Community Ratings
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