Real Estate Investing in Statesville, North Carolina (28625)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 28625 (Statesville, NC)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 8.7% vacancy may signal weakening demand.
What’s happening in Statesville, NC (28625)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 28625 Statesville
This part of Iredell County is not an easy win. The 28625 ZIP shows softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $1,896/mo on a $313K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 28625 sits below the stated 0.0% once reality is priced in.
Regionally, 28625 sits on the difficult end of the NC spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 28625 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
New investors are better served looking at Statesville's stable or hybrid ZIPs before stepping into 28625. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Statesville:
Property Strategy for 28625
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $212,889 | $1,110 | 3.8% | +8.9% | $106,444 |
| 3BR | $291,648 | $1,500 | 3.7% | +8.6% | $97,216 |
| 4BR | $381,332 | $1,860 | 3.5% | +8.7% | $95,333 |
| 5BR | $352,501 | — | — | +8.4% | $70,500 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 28625 Compare?
| Metric | 28625 | Statesville | North Carolina |
|---|---|---|---|
| Home Value | $312,932 | $298,294 | $330,565 |
| 5-Year CAGR | 5.9% | 5.8% | 7.8% |
| Avg Rent | $1,896 | $1,717 | - |
| Cap Rate | 4.7% | 4.5% | - |
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 28625 (Statesville, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $312,932 |
| Monthly Rent | $1,896 |
| Price-to-Rent | 13.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.3% |
| Cap Rate | 4.7% |
| 5-Year IRR | 10.6% |
📈 Home Appreciation
| 1-Year | +5.6% ▲ |
| 3-Year CAGR | +3.5% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 10-Year CAGR | +7.7% ▲ |
🏠 Rent Trends
| 1-Year | +0.6% ▲ |
| 3-Year CAGR | +2.2% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.7%). 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 28625
Population: 38,213
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 28625
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 1,826 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Should investors consider Statesville, NC?
The 3.0/5 investability rating in Statesville, NC reflects its $313K prices and $1,896/mo rents. Investors generally consider it a solid option within NC.
How do home values compare in Statesville, NC?
In Statesville, NC the median home value sits at $313K. Against the broader NC market, that reads as reasonable for most investors.
How much do tenants pay in Statesville, NC?
Rent in Statesville, NC is around $1,896/mo. The resulting rent-to-value relationship with $313K pricing is reasonable for most investor models.
How tight is the rental market in Statesville, NC?
Statesville, NC carries elevated vacancy risk. Expect steady absorption at market rents of $1,896/mo.
Can owner-occupants cash flow in Statesville, NC?
Statesville, NC is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $313K price point reasonable to enter.
You know 28625 now. You don’t know where it ranks.
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How 28625 ranks in Charlotte-Concord-Gastonia, NC-SC
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