Real Estate Investing in Brevard, North Carolina (28718)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 28718 (Brevard, 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: 22.6% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 29.5 — hard to cash-flow at these prices.
• 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 Brevard, NC (28718)?
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Market Analysis: 28718 Brevard
The 28718 ZIP in Brevard, NC is a local-operator market. Outside capital chasing a $408K entry has to pair deep knowledge with the discount.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 28718 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
The gap between 28718 and stronger Brevard ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The demographic picture in 28718 includes headwinds that any investor should price in. Income distribution skews lower than Brevard averages, and tenant stability requires active management.
Experienced landlords with local relationships tend to find 28718 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 Brevard:
Property Strategy for 28718
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $318,698 | $1,280 | 2.9% | +10.3% | $159,349 |
| 3BR | $461,465 | $1,540 | 2.4% | +9.6% | $153,822 |
Market Trends
Home Value History (with trend line)
📊 How Does 28718 Compare?
| Metric | 28718 | Brevard | Brevard, NC | North Carolina |
|---|---|---|---|---|
| Home Value | $407,911 | $404,369 | N/A | $330,565 |
| 5-Year CAGR | 5.5% | 6.0% | N/A | 7.8% |
| Avg Rent | $1,152 | $1,388 | N/A | - |
| Cap Rate | 2.2% | 2.6% | - | - |
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 28718 (Brevard, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $407,911 |
| Monthly Rent | $1,152 |
| Price-to-Rent | 29.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.4% |
| Cap Rate | 2.2% |
| 5-Year IRR | 7.7% |
📈 Home Appreciation
| 1-Year | +1.7% ▲ |
| 3-Year CAGR | +3.0% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +8.5% ▲ |
🏠 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 (2.2%). 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 28718
Population: 631
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 do tenants pay in Brevard, NC?
The typical rental in Brevard, NC commands about $1,152/mo monthly. That rent profile even-keeled cash flow against the $408K purchase basis.
Do landlords face vacancy issues in Brevard, NC?
Occupancy in Brevard, NC runs stable with elevated vacancy. Well-priced units at $1,152/mo lease on reasonable timelines.
What is the investability score for Brevard, NC?
The 3.0/5 investability rating in Brevard, NC reflects its $408K prices and $1,152/mo rents. Investors generally consider it a solid option within NC.
What does house hacking look like in Brevard, NC?
House hacking works a challenging in Brevard, NC. Rents of $1,152/mo against $408K acquisition make the strategy solid for owner-occupants.
Is Brevard, NC landlord-friendly?
The landlord environment in Brevard, NC is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
You know 28718 now. You don’t know where it ranks.
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How 28718 ranks in Brevard, NC
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