North Carolina
Alleghany County
11,075 residents95 permits TTM$44,272 median HHI6 ZIP codesUpdated April 28, 2026
Investor first look
Median home value
$199,000
ACS 5-Year
Cap rate proxy
4.6%
FMR × 0.65 ÷ Home Value
Rent-to-income
20.5%
HUD FMR ÷ ACS HHI
Net migration
+0.33%
IRS SOI
Permits (TTM)
95
Census BPS
Climate risk
34.7
FEMA NRI (0–100)
ZIP code breakdown6 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 28623 | $211,295 | $978 | 5.6% | 4.1% | 22.8% |
| 28627 | $346,996 | $978 | 3.4% | 2.5% | 22.8% |
| 28644 | $279,930 | $978 | 4.2% | 3.1% | 22.8% |
| 28663 | $199,000county est. | $978 | 5.9% | 4.6% | 22.8% |
| 28668 | $199,000county est. | $978 | 5.9% | 4.6% | 22.8% |
Ranked by composite score
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Demographics
Owner-occupied
77.1%
Census ACS
Vacancy rate
34.9%
Census ACS
Bachelor's degree +
22.8%
Census ACS
Rent burdened
28.8%
Census ACS (>30% income)
Median age
51.4
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 28, 2026