North Carolina
Mitchell County
14,973 residents46 permits TTM$58,089 median HHI2 ZIP codesUpdated April 28, 2026
Investor first look
Median home value
$202,100
ACS 5-Year
Cap rate proxy
4.4%
FMR × 0.65 ÷ Home Value
Rent-to-income
15.4%
HUD FMR ÷ ACS HHI
Net migration
+0.95%
IRS SOI
Permits (TTM)
46
Census BPS
Climate risk
24.0
FEMA NRI (0–100)
ZIP code breakdown2 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate ↓ | Rent gap |
|---|---|---|---|---|---|
| 28705 | $209,401 | $925 | 5.3% | 4.0% | 19.6% |
| 28777 | $238,401 | $925 | 4.7% | 3.6% | 19.6% |
Sort by any column. Click a ZIP for detail. Rent gap: green = HUD FMR above market rent.
Demographics
Owner-occupied
77.6%
Census ACS
Vacancy rate
26.1%
Census ACS
Bachelor's degree +
23.1%
Census ACS
Rent burdened
32.4%
Census ACS (>30% income)
Median age
48.0
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 28, 2026