Real Estate Investing in Almond, North Carolina (28702)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 28702 (Almond, 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: 55.3% of homes vacant — above national norms.
- Higher unemployment: 8.0% unemployment — tenant risk signal.
- High price-to-rent: Price-to-rent ratio 27.1 — hard to cash-flow at these prices.
- Lower household income: $34,563 median — tenant affordability is tighter.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Almond, NC (28702)?
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Market Analysis: 28702 Almond
The 28702 ZIP covers a section of Almond that demands careful diligence. Prices near $275K look accessible, but the work to make a deal cash flow is real.
For an experienced owner, 28702 can be a worth a close look for hunting ground — but the discount at $275K reflects genuine risk that outside investors often underestimate.
Nearby ZIPs in Almond have seen price recovery that 28702 has not matched. Graham data supports the view that the spread is structural rather than temporary.
Who lives in 28702 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
leans the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Almond:
Property Strategy for 28702
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $258,256 | $940 | 2.6% | — | $129,128 |
| 3BR | $351,266 | $1,250 | 2.6% | — | $117,089 |
Market Trends
Home Value History (with trend line)
📊 How Does 28702 Compare?
| Metric | 28702 | Almond | North Carolina |
|---|---|---|---|
| Home Value | $275,085 | $275,085 | $330,565 |
| 5-Year CAGR | 7.1% | 7.1% | 7.8% |
| Avg Rent | $846 | $846 | - |
| Cap Rate | 2.4% | 2.4% | - |
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 28702 (Almond, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $275,085 |
| Monthly Rent | $846 |
| Price-to-Rent | 27.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.7% |
| Cap Rate | 2.4% |
| 5-Year IRR | 9.5% |
📈 Home Appreciation
| 1-Year | +1.8% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +7.1% ▲ |
| 10-Year CAGR | +8.6% ▲ |
🏠 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 (2.4%). 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 28702
Population: 471
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
Frequently Asked Questions
Which investment style suits Almond, NC?
Investors usually favor careful cash-flow rentals with hands-on management in Almond, NC. With home values at $275K and rents near $846/mo, other strategies can work but produce steady rather than outsized returns.
How deep is the rental pool in Almond, NC?
The tenant pool in Almond, NC is solid, supported by local employment and population fundamentals. Rents of $846/mo are well-absorbed by the market.
Is Almond in NC worth investing in?
Our data puts Almond, NC at 3.0/5 for investability. Home prices of $275K and rents around $846/mo create a solid backdrop for investor activity.
Is housing expensive in Almond, NC?
Almond, NC home values average about $275K. That price point suits investors targeting rentals with $846/mo in monthly income.
How high is vacancy risk in Almond, NC?
Vacancy risk in Almond, NC is elevated. That supports even-keeled cash flow for typical rental holds.
You know 28702 now. You don’t know where it ranks.
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