Hickory-Lenoir-Morganton, NC · North Carolina
Burke County
ZIP 28671
87,863 residents477 permits TTM$55,684 median HHI9 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$170,500
ACS 5-Year
Cap rate proxy
5.7%
FMR × 0.65 ÷ Home Value
Rent-to-income
17.3%
HUD FMR ÷ ACS HHI
Net migration
+1.34%
IRS SOI
Permits (TTM)
477
Census BPS
Climate risk
70.2
FEMA NRI (0–100)
ZIP 28671
Median home value
—
Gross yield
—
Cap rate
5.7%
Rent gap
—
Affordability
P/I: 3.1R/I: —
Section 8 detail
SAFMR: —Rent: —Gap: —
ZIP code breakdown9 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 28619 | — | — | — | 5.7% | — |
| 28628 | — | — | — | 5.7% | — |
| 28637 | — | — | — | 5.7% | — |
| 28641 | — | — | — | 5.7% | — |
| 28666 | — | — | — | 5.7% | — |
Ranked by composite score
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Demographics
Owner-occupied
74.8%
Census ACS
Vacancy rate
10.4%
Census ACS
Bachelor's degree +
20.2%
Census ACS
Rent burdened
33.4%
Census ACS (>30% income)
Median age
44.9
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