Real Estate Investing in Stony Point, North Carolina (28678)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 28678 (Stony Point, 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.
- Elevated vacancy: 8.7% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Stony Point, NC (28678)?
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Market Analysis: 28678 Stony Point
Investors eyeing 28678 need to respect the fundamentals at play. Home values of $277K come alongside slower price movement and elevated management overhead.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 28678 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
In practical terms, 28678 offers a low basis, the region around Stony Point has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Who lives in 28678 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The right play in 28678 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Stony Point:
Property Strategy for 28678
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $195,981 | $1,250 | 4.6% | — | $97,991 |
| 3BR | $294,668 | $1,720 | 4.2% | +9.5% | $98,223 |
| 4BR | $404,209 | $2,100 | 3.7% | — | $101,052 |
Market Trends
Home Value History (with trend line)
📊 How Does 28678 Compare?
| Metric | 28678 | Stony Point | Hickory-Lenoir-Morganton, NC | North Carolina |
|---|---|---|---|---|
| Home Value | $276,563 | $276,563 | N/A | $330,565 |
| 5-Year CAGR | 6.3% | 6.3% | N/A | 7.8% |
| Avg Rent | $1,125 | $1,125 | N/A | - |
| Cap Rate | 3.2% | 3.2% | - | - |
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 28678 (Stony Point, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $276,563 |
| Monthly Rent | $1,125 |
| Price-to-Rent | 20.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 9.4% |
📈 Home Appreciation
| 1-Year | +7.2% ▲ |
| 3-Year CAGR | +4.8% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +8.2% ▲ |
🏠 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 (3.2%). 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 28678
Population: 4,701
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 28678
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
What strategy should investors use in Stony Point, NC?
A careful cash-flow rentals with hands-on management strategy Stony Point, NC best. The market produces reliable results for that approach at the $277K price point.
Does house hacking work in Stony Point, NC?
House hacking works a challenging in Stony Point, NC. Rents of $1,125/mo against $277K acquisition make the strategy solid for owner-occupants.
What monthly rent should investors expect in Stony Point, NC?
Average rent in Stony Point, NC is approximately $1,125/mo per month. Against $277K home values that yields a reasonable rent-to-price ratio.
Is Stony Point, NC landlord-friendly?
NC law landlord-friendly for landlords, and Stony Point inherits those rules. Investors should still review local ordinances for rental licensing.
How strong is tenant demand in Stony Point, NC?
Working renters make up the core of the Stony Point, NC tenant base. The pool is reasonable for investors targeting long-term holds.
You know 28678 now. You don’t know where it ranks.
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How 28678 ranks in Hickory-Lenoir-Morganton, NC
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