North Carolina
Cherokee County
29,197 residents246 permits TTM$51,496 median HHI3 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$208,700
ACS 5-Year
Cap rate proxy
4.6%
FMR × 0.65 ÷ Home Value
Rent-to-income
18.6%
HUD FMR ÷ ACS HHI
Net migration
+0.73%
IRS SOI
Permits (TTM)
246
Census BPS
Climate risk
56.7
FEMA NRI (0–100)
ZIP code breakdown3 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate ↓ | Rent gap |
|---|---|---|---|---|---|
| 28906 | $275,705 | $935 | 4.1% | 7.2% | -76.5% |
| 28901 | $214,012 | $935 | 5.2% | 4.5% | 14.4% |
| 28905 | $237,239 | $935 | 4.7% | 4.0% | 14.4% |
Sort by any column. Click a ZIP for detail. Rent gap: green = HUD FMR above market rent.
Demographics
Owner-occupied
83.6%
Census ACS
Vacancy rate
28.3%
Census ACS
Bachelor's degree +
24.2%
Census ACS
Rent burdened
39.7%
Census ACS (>30% income)
Median age
53.3
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