Real Estate Investing in Fleetwood, North Carolina (28626)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 28626 (Fleetwood, 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: 34.7% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 29.1 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Fleetwood, NC (28626)?
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Market Analysis: 28626 Fleetwood
The 28626 ZIP in Fleetwood, NC is a local-operator market. Outside capital chasing a $422K entry has to pair deep knowledge with the discount.
For an experienced owner, 28626 can be a worth a close look for hunting ground — but the discount at $422K reflects genuine risk that outside investors often underestimate.
Regionally, 28626 sits on the difficult end of the NC spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
Demographically, 28626 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Experienced landlords with local relationships tend to find 28626 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 Fleetwood:
Property Strategy for 28626
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $370,558 | $1,340 | 2.6% | +9.5% | $185,279 |
| 3BR | $484,239 | $1,770 | 2.6% | +10.1% | $161,413 |
Market Trends
Home Value History (with trend line)
📊 How Does 28626 Compare?
| Metric | 28626 | Fleetwood | North Carolina |
|---|---|---|---|
| Home Value | $421,627 | $421,627 | $330,565 |
| 5-Year CAGR | 4.3% | 4.3% | 7.8% |
| Avg Rent | $1,206 | $1,206 | - |
| Cap Rate | 2.2% | 2.2% | - |
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 28626 (Fleetwood, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $421,627 |
| Monthly Rent | $1,206 |
| Price-to-Rent | 29.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.4% |
| Cap Rate | 2.2% |
| 5-Year IRR | 6.6% |
📈 Home Appreciation
| 1-Year | +2.1% ▲ |
| 3-Year CAGR | +2.7% ▲ |
| 5-Year CAGR | +4.3% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 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 (2.2%). 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 28626
Population: 3,058
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How strong are rents in Fleetwood, NC?
Rent in Fleetwood, NC is around $1,206/mo. The resulting rent-to-value relationship with $422K pricing is reasonable for most investor models.
What is the tenant pool like in Fleetwood, NC?
Working renters make up the core of the Fleetwood, NC tenant base. The pool is reasonable for investors targeting long-term holds.
How much does a house cost in Fleetwood, NC?
Median home price in Fleetwood, NC is near $422K, with a 5-year CAGR of 0.0%. Prices have been stable and supportive of buy-and-hold strategies.
Is Fleetwood, NC a good market for buy-and-hold investors?
Fleetwood, NC scores 3.0/5 for investability. Home values sit at $422K and rents near $1,206/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Is Fleetwood, NC landlord-friendly?
Landlord-friendliness in Fleetwood, NC is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
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