North Carolina

Cherokee County

ZIP 28906

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 28906

Median home value

Gross yield

Buy Box score

0.2

Section 8 gap

Affordability

P/I: 5.4R/I: 38.5%

Section 8 detail

SAFMR: Rent: Gap:
ZIP code breakdown3 ZIP codes
ZIPMedian home valueRent (FMR 2BR)Gross yieldBuy Box scoreSection 8 gap
289060.2
289010.1
289050.1

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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

Data sources
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