Real Estate Investing in Collettsville, North Carolina (28611)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 28611 (Collettsville, NC)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 74.6% 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 Collettsville, NC (28611)?
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Market Analysis: 28611 Collettsville
Not every below-median market is a bargain. Collettsville's 28611 ZIP registers signals that favor experienced operators who can absorb the risk $170K pricing implies.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $170K asset, 28611 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within NC, ZIP 28611 trails on several market indicators that neighboring Caldwell County submarkets outperform. The gap is real and impressive enough to shape underwriting.
The demographic picture in 28611 includes headwinds that any investor should price in. Income distribution skews lower than Collettsville averages, and tenant stability requires active management.
New investors are better served looking at Collettsville's stable or hybrid ZIPs before stepping into 28611. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Collettsville:
Property Strategy for 28611
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $142,923 | $1,030 | 5.2% | +9.3% | $71,462 |
| 3BR | $276,508 | $1,290 | 3.4% | +7.5% | $92,169 |
Market Trends
Home Value History (with trend line)
📊 How Does 28611 Compare?
| Metric | 28611 | Collettsville | Hickory-Lenoir-Morganton, NC | North Carolina |
|---|---|---|---|---|
| Home Value | $169,907 | $169,907 | N/A | $330,565 |
| 5-Year CAGR | 2.8% | 2.8% | N/A | 7.8% |
| Avg Rent | $927 | $927 | N/A | - |
| Cap Rate | 4.3% | 4.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 28611 (Collettsville, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $169,907 |
| Monthly Rent | $927 |
| Price-to-Rent | 15.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.6% |
| Cap Rate | 4.3% |
| 5-Year IRR | 7.1% |
📈 Home Appreciation
| 1-Year | +0.5% ▲ |
| 3-Year CAGR | +0.3% ▲ |
| 5-Year CAGR | +2.8% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 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 (4.3%). 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 28611
Population: 270
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 28611
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
Frequently Asked Questions
Is vacancy a concern in Collettsville, NC?
Expect elevated vacancy in Collettsville, NC. Rents at $927/mo are absorbed by the tenant base without meaningful lag.
What is the tenant pool like in Collettsville, NC?
Expect a solid tenant pool in Collettsville, NC. The rental market absorbs $927/mo rents without meaningful friction.
How much rent can I charge in Collettsville, NC?
Rents in Collettsville, NC run near $927/mo. Compared with median home prices of $170K that produces solid gross yields for typical rentals.
Which real estate strategy fits Collettsville, NC?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Collettsville, NC. The numbers - $170K homes against $927/mo rents - support that play.
Is Collettsville in NC worth investing in?
Investors tracking Collettsville, NC will find a 3.0/5 rating supported by $170K median home values and $927/mo rents. That profile suits long-term holders targeting predictable returns.
You know 28611 now. You don’t know where it ranks.
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How 28611 ranks in Hickory-Lenoir-Morganton, NC
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