Real Estate Investing in Newton, North Carolina (28658)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 28658 (Newton, NC)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Newton, NC (28658)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 28658 Newton
ZIP 28658 in Newton, NC carries a resilient set of headwinds. Home values near $259K and rents of $1,487/mo sit inside a market where underwriting has to be tight.
The 28658 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Turning to rents, 28658 offers a low basis, the region around Newton has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Demographically, 28658 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.
Distressed ZIPs reward experience. robust returns are possible in 28658, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Newton:
Property Strategy for 28658
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $126,546 | $990 | 5.6% | +11.2% | $126,546 |
| 2BR | $178,913 | $1,200 | 4.8% | +10.4% | $89,457 |
| 3BR | $262,897 | $1,500 | 4.1% | +8.9% | $87,632 |
| 4BR | $374,262 | $1,820 | 3.5% | +8.7% | $93,566 |
| 5BR | $502,002 | — | — | +8.9% | $100,400 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 28658 Compare?
| Metric | 28658 | Newton | Hickory-Lenoir-Morganton, NC | North Carolina |
|---|---|---|---|---|
| Home Value | $259,151 | $259,151 | N/A | $330,565 |
| 5-Year CAGR | 6.5% | 6.5% | N/A | 7.8% |
| Avg Rent | $1,487 | $1,487 | N/A | - |
| Cap Rate | 4.5% | 4.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 28658 (Newton, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $259,151 |
| Monthly Rent | $1,487 |
| Price-to-Rent | 14.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.9% |
| Cap Rate | 4.5% |
| 5-Year IRR | 11.0% |
📈 Home Appreciation
| 1-Year | +4.6% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +8.8% ▲ |
🏠 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 (4.5%). 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 28658
Population: 25,681
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 28658
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 1,376 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is housing expensive in Newton, NC?
In Newton, NC the median home value sits at $259K. Against the broader NC market, that reads as reasonable for most investors.
How strong is tenant demand in Newton, NC?
Tenant demand in Newton, NC is solid. The local workforce $1,487/mo rents across most rental classes.
Is Newton in NC worth investing in?
With a 3.0/5 investability score, Newton, NC ranks as a solid market for rental property investors. Median prices of $259K and rents of $1,487/mo drive the underlying numbers.
What are vacancy rates like in Newton, NC?
Rental vacancy in Newton, NC is elevated. Investors should budget normal turnover but not chronic empty units.
How do landlord-tenant laws work in Newton, NC?
Rental owners in Newton, NC deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
You know 28658 now. You don’t know where it ranks.
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How 28658 ranks in Hickory-Lenoir-Morganton, NC
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