Real Estate Investing in Scaly Mountain, North Carolina (28775)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 28775 (Scaly Mountain, 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: 47.8% of homes vacant — above national norms.
- Elevated poverty: 22.7% poverty rate — can affect rent collection.
- High price-to-rent: Price-to-rent ratio 35.4 — 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 Scaly Mountain, NC (28775)?
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Market Analysis: 28775 Scaly Mountain
ZIP 28775 in Scaly Mountain, NC carries a healthy set of headwinds. Home values near $474K and rents of $1,116/mo sit inside a market where underwriting has to be tight.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 28775 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 28775's metrics run below Macon County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The demographic picture in 28775 includes headwinds that any investor should price in. Income distribution skews lower than Scaly Mountain averages, and tenant stability requires active management.
Distressed ZIPs reward experience. durable returns are possible in 28775, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Scaly Mountain:
Property Strategy for 28775
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $356,477 | $1,240 | 2.5% | — | $178,238 |
| 3BR | $520,407 | $1,570 | 2.2% | +11.0% | $173,469 |
Market Trends
Home Value History (with trend line)
📊 How Does 28775 Compare?
| Metric | 28775 | Scaly Mountain | North Carolina |
|---|---|---|---|
| Home Value | $474,443 | $474,443 | $330,565 |
| 5-Year CAGR | 6.5% | 6.5% | 7.8% |
| Avg Rent | $1,116 | $1,116 | - |
| Cap Rate | 1.8% | 1.8% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 28775 (Scaly Mountain, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $474,443 |
| Monthly Rent | $1,116 |
| Price-to-Rent | 35.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.8% |
| Cap Rate | 1.8% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | +4.2% ▲ |
| 3-Year CAGR | +5.3% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 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 (1.8%). 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 28775
Population: 795
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
What do rentals go for in Scaly Mountain, NC?
Average rent in Scaly Mountain, NC is approximately $1,116/mo per month. Against $474K home values that yields a reasonable rent-to-price ratio.
Are tenants stable in Scaly Mountain, NC?
Scaly Mountain, NC draws a consistent base of working renters. Demand at the $1,116/mo rent level is reasonable for standard single-family and small multi rentals.
Are homes affordable in Scaly Mountain, NC?
Scaly Mountain, NC home values average about $474K. That price point suits investors targeting rentals with $1,116/mo in monthly income.
What is the investability score for Scaly Mountain, NC?
Yes - Scaly Mountain, NC a 3.0/5 investability score. With $474K home prices against $1,116/mo monthly rent, the market delivers a reasonable entry point for new investors.
Is rental property easy to operate in Scaly Mountain, NC?
The landlord environment in Scaly Mountain, NC is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
You know 28775 now. You don’t know where it ranks.
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