Real Estate Investing in Ferguson, North Carolina (28624)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 28624 (Ferguson, 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: 23.9% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Ferguson, NC (28624)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 28624 Ferguson
On balance, ZIP 28624 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $225K median. It rewards specialists, not generalists.
The investment case in 28624 is robust only for operators who understand what they are buying. A $225K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Stepping back, 28624 offers a low basis, the region around Ferguson has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Looking more closely, 1,368 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Experienced landlords with local relationships tend to find 28624 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Ferguson:
Market Trends
Home Value History (with trend line)
📊 How Does 28624 Compare?
| Metric | 28624 | Ferguson | North Wilkesboro, NC | North Carolina |
|---|---|---|---|---|
| Home Value | $225,076 | $225,076 | N/A | $330,565 |
| 5-Year CAGR | 4.5% | 4.5% | N/A | 7.8% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 3.0% | 3.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 28624 (Ferguson, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $225,076 |
| Monthly Rent | $873 |
| Price-to-Rent | 21.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.0% |
| 5-Year IRR | 7.6% |
📈 Home Appreciation
| 1-Year | +5.0% ▲ |
| 3-Year CAGR | +2.4% ▲ |
| 5-Year CAGR | +4.5% ▲ |
| 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 (6.8%) exceeds the estimated cap rate (3.0%). 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.
Demographics in 28624
Population: 1,368
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 28624
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
Can owner-occupants cash flow in Ferguson, NC?
Ferguson, NC is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $225K price point reasonable to enter.
Should investors consider Ferguson, NC?
The 3.0/5 investability rating in Ferguson, NC reflects its $225K prices and $873/mo rents. Investors generally consider it a solid option within NC.
What kind of tenants rent in Ferguson, NC?
Tenant quality in Ferguson, NC ranks as solid. Landlords generally report measured occupancy at market rents of $873/mo.
Are there empty rentals in Ferguson, NC?
Ferguson, NC sees elevated vacancy, which is reasonable relative to the broader NC rental market.
How do landlord-tenant laws work in Ferguson, NC?
NC law landlord-friendly for landlords, and Ferguson inherits those rules. Investors should still review local ordinances for rental licensing.
You know 28624 now. You don’t know where it ranks.
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How 28624 ranks in North Wilkesboro, NC
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