North Carolina
Ashe County
ZIP 28631
26,831 residents177 permits TTM$50,827 median HHI11 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$221,900
ACS 5-Year
Cap rate proxy
4.2%
FMR × 0.65 ÷ Home Value
Rent-to-income
18.3%
HUD FMR ÷ ACS HHI
Net migration
+0.69%
IRS SOI
Permits (TTM)
177
Census BPS
Climate risk
66.8
FEMA NRI (0–100)
ZIP 28631
Median home value
$221,900
Gross yield
5.0%
Cap rate
4.2%
Rent gap
16.3%
Affordability
P/I: 5.9R/I: —
Section 8 detail
SAFMR: $925Rent: $774Gap: 19.5%
ZIP code breakdown11 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 28615 | $256,670 | $925 | 4.3% | 3.6% | 16.3% |
| 28617 | $309,690 | $925 | 3.6% | 3.0% | 16.3% |
| 28626 | $401,741 | $925 | 2.8% | 2.3% | 16.3% |
| 28629 | $221,900county est. | $925 | 5.0% | 4.2% | 16.3% |
| 28631 | $221,900county est. | $925 | 5.0% | 4.2% | 16.3% |
Ranked by composite score
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Demographics
Owner-occupied
78.4%
Census ACS
Vacancy rate
29.9%
Census ACS
Bachelor's degree +
22.4%
Census ACS
Rent burdened
28.4%
Census ACS (>30% income)
Median age
49.8
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 16, 2026