Real Estate Investing in Andrews, North Carolina (28901)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 28901 (Andrews, 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: 24.4% 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 Andrews, NC (28901)?
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Market Analysis: 28901 Andrews
The 28901 ZIP in Andrews, NC is a local-operator market. Outside capital chasing a $218K entry has to pair deep knowledge with the discount.
Distressed markets are won on execution, not on spreadsheets. ZIP 28901 registers the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
In the broader NC picture, 28901 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Turning to rents, 5,624 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategy in 28901 is an operator game, not a passive one. Turning to rents, entry prices of $218K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Andrews:
Property Strategy for 28901
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $209,580 | $930 | 3.2% | +8.9% | $104,790 |
| 3BR | $246,533 | $1,280 | 3.7% | +9.8% | $82,178 |
| 4BR | $322,866 | $1,490 | 3.3% | +10.2% | $80,716 |
Market Trends
Home Value History (with trend line)
📊 How Does 28901 Compare?
| Metric | 28901 | Andrews | North Carolina |
|---|---|---|---|
| Home Value | $217,994 | $217,994 | $330,565 |
| 5-Year CAGR | 6.4% | 6.4% | 7.8% |
| Avg Rent | $837 | $837 | - |
| Cap Rate | 3.0% | 3.0% | - |
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 28901 (Andrews, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $217,994 |
| Monthly Rent | $837 |
| Price-to-Rent | 21.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 9.4% |
📈 Home Appreciation
| 1-Year | +2.1% ▲ |
| 3-Year CAGR | +3.4% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +7.8% ▲ |
🏠 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 (3.0%). 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 28901
Population: 5,624
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 28901
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
Frequently Asked Questions
Does house hacking make sense in Andrews, NC?
House hacking works a challenging in Andrews, NC. Rents of $837/mo against $218K acquisition make the strategy solid for owner-occupants.
What is the renter demographic in Andrews, NC?
Andrews, NC offers a steady renter base at the $837/mo rent level. Tenant turnover is reasonable for well-managed properties.
Where do home prices stand in Andrews, NC?
Andrews, NC median home values land near $218K. That is reasonable territory for investors looking at $837/mo-per-month rentals.
What approach is best for Andrews, NC real estate?
The best-fit strategy in Andrews, NC is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
How much is rent in Andrews, NC?
Rents in Andrews, NC run near $837/mo. Compared with median home prices of $218K that produces solid gross yields for typical rentals.
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