Real Estate Investing in Purlear, North Carolina (28665)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 28665 (Purlear, 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: 29.2% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 28.6 — 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 Purlear, NC (28665)?
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Market Analysis: 28665 Purlear
Not every below-median market is a bargain. Purlear's 28665 ZIP registers signals that favor experienced operators who can absorb the risk $288K pricing implies.
On the rental side, the numbers look inviting — $288K purchase price, 0.0% nominal cap — the work to hit that pro forma in 28665 is substantial and deserves full respect.
In the broader NC picture, 28665 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Resident income in 28665 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The 28665 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Purlear:
Property Strategy for 28665
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $275,254 | $930 | 2.4% | +9.8% | $137,627 |
| 3BR | $326,569 | $1,230 | 2.7% | +9.3% | $108,856 |
Market Trends
Home Value History (with trend line)
📊 How Does 28665 Compare?
| Metric | 28665 | Purlear | North Wilkesboro, NC | North Carolina |
|---|---|---|---|---|
| Home Value | $287,675 | $287,675 | N/A | $330,565 |
| 5-Year CAGR | 7.7% | 7.7% | N/A | 7.8% |
| Avg Rent | $837 | $837 | N/A | - |
| Cap Rate | 2.3% | 2.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 28665 (Purlear, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $287,675 |
| Monthly Rent | $837 |
| Price-to-Rent | 28.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.3% |
| 5-Year IRR | 10.0% |
📈 Home Appreciation
| 1-Year | +15.7% ▲ |
| 3-Year CAGR | +6.5% ▲ |
| 5-Year CAGR | +7.7% ▲ |
| 10-Year CAGR | +8.0% ▲ |
🏠 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 (2.3%). 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 28665
Population: 2,708
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 much is rent in Purlear, NC?
Purlear, NC rentals go for roughly $837/mo a month. That puts gross yield in solid territory relative to $288K acquisition costs.
Do landlords face vacancy issues in Purlear, NC?
Rental vacancy in Purlear, NC is elevated. Investors should budget normal turnover but not chronic empty units.
Is Purlear in NC worth investing in?
Our data puts Purlear, NC at 3.0/5 for investability. Home prices of $288K and rents around $837/mo create a solid backdrop for investor activity.
What is the renter demographic in Purlear, NC?
Purlear, NC offers a stable renter base at the $837/mo rent level. Tenant turnover is reasonable for well-managed properties.
What is the smart move for investors in Purlear, NC?
In Purlear, NC the healthy play is typically careful cash-flow rentals with hands-on management. The combination of $288K prices and $837/mo rents suits that approach.
You know 28665 now. You don’t know where it ranks.
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How 28665 ranks in North Wilkesboro, NC
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