North Carolina
Clay County
ZIP 28904
11,391 residents107 permits TTM$53,645 median HHI3 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$263,300
ACS 5-Year
Cap rate proxy
3.6%
FMR × 0.65 ÷ Home Value
Rent-to-income
17.7%
HUD FMR ÷ ACS HHI
Net migration
+0.68%
IRS SOI
Permits (TTM)
107
Census BPS
Climate risk
26.9
FEMA NRI (0–100)
ZIP 28904
Median home value
$343,627
Gross yield
3.6%
Cap rate
2.8%
Rent gap
23.9%
Affordability
P/I: 6.4R/I: —
Section 8 detail
SAFMR: $1,039Rent: $791Gap: 31.4%
ZIP code breakdown3 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate ↓ | Rent gap |
|---|---|---|---|---|---|
| 28909 | $263,300county est. | $1,039 | 4.7% | 3.6% | 23.9% |
| 28902 | $309,132 | $1,039 | 4.0% | 3.1% | 23.9% |
| 28904 | $343,627 | $1,039 | 3.6% | 2.8% | 23.9% |
Sort by any column. Click a ZIP for detail. Rent gap: green = HUD FMR above market rent.
Demographics
Owner-occupied
79.8%
Census ACS
Vacancy rate
32.0%
Census ACS
Bachelor's degree +
31.4%
Census ACS
Rent burdened
39.9%
Census ACS (>30% income)
Median age
54.5
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