Hickory-Lenoir-Morganton, NC · North Carolina
Caldwell County
ZIP 28630
80,618 residents493 permits TTM$55,401 median HHI5 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$174,000
ACS 5-Year
Cap rate proxy
5.1%
FMR × 0.65 ÷ Home Value
Rent-to-income
15.9%
HUD FMR ÷ ACS HHI
Net migration
+1.26%
IRS SOI
Permits (TTM)
493
Census BPS
Climate risk
67.4
FEMA NRI (0–100)
ZIP 28630
Median home value
—
Gross yield
—
Cap rate
3.5%
Rent gap
—
Affordability
P/I: 4.5R/I: —
Section 8 detail
SAFMR: —Rent: —Gap: —
ZIP code breakdown5 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate ↓ | Rent gap |
|---|---|---|---|---|---|
| 28645 | — | — | — | 6.8% | — |
| 28611 | — | — | — | 5.1% | — |
| 28667 | — | — | — | 5.1% | — |
| 28638 | — | — | — | 3.6% | — |
| 28630 | — | — | — | 3.5% | — |
Sort by any column. Click a ZIP for detail. Rent gap: green = HUD FMR above market rent.
Demographics
Owner-occupied
74.0%
Census ACS
Vacancy rate
12.0%
Census ACS
Bachelor's degree +
18.6%
Census ACS
Rent burdened
32.7%
Census ACS (>30% income)
Median age
45.5
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