Real Estate Investing in Terrell, North Carolina (28682)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 28682 (Terrell, 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: 18.3% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 26.2 — hard to cash-flow at these prices.
What’s happening in Terrell, NC (28682)?
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Market Analysis: 28682 Terrell
On balance, ZIP 28682 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $532K median. It rewards specialists, not generalists.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $532K asset, 28682 is the wrong submarket. If the plan prices in friction, the yield can still work.
In the broader NC picture, 28682 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A durable renter share of 21% in 28682 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Experienced landlords with local relationships tend to find 28682 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 Terrell:
Property Strategy for 28682
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $367,880 | $2,050 | 4.0% | +6.5% | $122,627 |
| 4BR | $987,003 | $2,490 | 1.8% | +10.3% | $246,751 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 28682 Compare?
| Metric | 28682 | Terrell | Hickory-Lenoir-Morganton, NC | North Carolina |
|---|---|---|---|---|
| Home Value | $532,182 | $532,182 | N/A | $330,565 |
| 5-Year CAGR | 4.8% | 4.8% | N/A | 7.8% |
| Avg Rent | $1,696 | $1,696 | N/A | - |
| Cap Rate | 2.5% | 2.5% | - | - |
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 28682 (Terrell, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $532,182 |
| Monthly Rent | $1,696 |
| Price-to-Rent | 26.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.5% |
| 5-Year IRR | 7.3% |
📈 Home Appreciation
| 1-Year | -1.4% ▼ |
| 3-Year CAGR | +1.1% ▲ |
| 5-Year CAGR | +4.8% ▲ |
| 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 (2.5%). 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 28682
Population: 1,429
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 28682
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
Sherrills Ford Elementary
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
How strong is Terrell, NC for real estate investors?
Terrell, NC rates 3.0/5 for investability. With median values at $532K and rents near $1,696/mo, the market offers reasonable fundamentals for rental investors.
What do landlords charge for rent in Terrell, NC?
Expect rents around $1,696/mo per month in Terrell, NC. With home values at $532K, the yield math works out to reasonable levels for rental investors.
What is the typical renter like in Terrell, NC?
Tenant quality in Terrell, NC ranks as solid. Landlords generally report steady occupancy at market rents of $1,696/mo.
How high is vacancy risk in Terrell, NC?
Vacancy risk in Terrell, NC is elevated. That supports steady cash flow for typical rental holds.
Is Terrell, NC good for house hacking?
House hacking in Terrell, NC is a challenging. With home values around $532K and rents at $1,696/mo, owner-occupants can offset a meaningful share of PITI.
You know 28682 now. You don’t know where it ranks.
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How 28682 ranks in Hickory-Lenoir-Morganton, NC
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