North Carolina
Cherokee County
ZIP 28905
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 28905
Median home value
$208,700
Gross yield
5.4%
Buy Box score
0.1
Section 8 gap
—
Affordability
P/I: 4.6R/I: —
Section 8 detail
SAFMR: —Rent: —Gap: —
ZIP code breakdown3 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Buy Box score ↓ | Section 8 gap |
|---|---|---|---|---|---|
| 28906 | $208,700 | $935 | 5.4% | 0.2 | — |
| 28901 | $208,700 | $935 | 5.4% | 0.1 | — |
| 28905 | $208,700 | $935 | 5.4% | 0.1 | — |
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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