Real Estate Investing in Old Fort, North Carolina (28762)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 28762 (Old Fort, 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: 14.9% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Old Fort, NC (28762)?
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Market Analysis: 28762 Old Fort
On the rental side, ZIP 28762 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $266K median. It rewards specialists, not generalists.
Rent of $1,287/mo on a $266K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 28762 sits below the stated 0.0% once reality is priced in.
The gap between 28762 and stronger Old Fort ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
A robust renter share of 30% in 28762 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 28762 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 Old Fort:
Property Strategy for 28762
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $226,412 | $1,430 | 4.5% | +7.0% | $113,206 |
| 3BR | $292,980 | $1,830 | 4.5% | +6.4% | $97,660 |
| 4BR | $360,286 | $2,420 | 4.8% | +9.0% | $90,072 |
Market Trends
Home Value History (with trend line)
📊 How Does 28762 Compare?
| Metric | 28762 | Old Fort | Marion, NC | North Carolina |
|---|---|---|---|---|
| Home Value | $265,556 | $265,556 | N/A | $330,565 |
| 5-Year CAGR | 3.5% | 3.5% | N/A | 7.8% |
| Avg Rent | $1,287 | $1,287 | N/A | - |
| Cap Rate | 3.8% | 3.8% | - | - |
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 28762 (Old Fort, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $265,556 |
| Monthly Rent | $1,287 |
| Price-to-Rent | 17.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.8% |
| 5-Year IRR | 7.2% |
📈 Home Appreciation
| 1-Year | +2.8% ▲ |
| 3-Year CAGR | +0.9% ▲ |
| 5-Year CAGR | +3.5% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 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 (3.8%). 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 28762
Population: 6,305
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 28762
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 520 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are there empty rentals in Old Fort, NC?
Vacancy in Old Fort, NC is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,287/mo.
How strong is Old Fort, NC for real estate investors?
Old Fort, NC rates 3.0/5 for investability. With median values at $266K and rents near $1,287/mo, the market offers reasonable fundamentals for rental investors.
What is the typical renter like in Old Fort, NC?
Old Fort, NC offers a stable renter base at the $1,287/mo rent level. Tenant turnover is reasonable for well-managed properties.
Are eviction rules reasonable in Old Fort, NC?
For rental operators, Old Fort, NC rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Where do home prices stand in Old Fort, NC?
Old Fort, NC median home values land near $266K. That is reasonable territory for investors looking at $1,287/mo-per-month rentals.
You know 28762 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 28762 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
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