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Market MapNorth CarolinaCleveland

Cleveland County

North CarolinaPopulation: 99,527
51
/100
Hold
#762 of 1,000 counties
#65 in North Carolina (100 counties)

Market Snapshot

$202,617
Median Home Price
26% below national median
$1,158/mo
Median Rent
23% below national median
6.86%
Rent-to-Price Ratio
Top 26% nationally
-$309
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$202,617
Down Payment (20%)$40,523
Loan Amount$162,094
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,158
Monthly P&I-$1,062
Est. Expenses (35%)-$405
Net Cash Flow-$309/mo
4.5%
Cap Rate (all cash)
-8.0%
Cash-on-Cash Return
6.86%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 4.5% cap rate. All-cash buyers may see better returns.

* Based on county median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Actual results vary by property.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
51/100
51
Cash Flow(30%)
69/100

Based on 6.86% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
14/100

Based on -5.4% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Population data not available.

Affordability(20%)
70/100

Price-to-income ratio of 4.0x. Lower ratios indicate more affordable markets.

Scores are calculated using real Zillow home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. Markets with missing rent data use estimated values based on regional averages.

Investment Outlook

Strengths

  • +Above-average rent-to-price ratio (6.86%)
  • +Affordable relative to local incomes
  • +Complete rent data available

Challenges

  • -Declining home values (-5.4% YoY)
  • -Negative cash flow at typical financing (-$309/mo)
  • -Negative leverage (cap rate 4.5% < mortgage rate 6.9%)

Economic Indicators

Population
99,527
Median Income
$50,723
vs $62,400 national est.
Unemployment Rate
—
Data pending
Price-to-Income
4.0x
Moderately affordable

Compare to Nearby Counties

CountyVerdict
MooreNC
53$406,616$1,8455.44%HoldView
YadkinNC
52$224,618Est. pending—HoldView
CurrentClevelandNC
51$202,617$1,1586.86%Hold
CabarrusNC
51$378,769$1,7955.69%HoldView
CaldwellNC
51$231,573$1,0745.56%HoldView
PenderNC
49$427,823$1,9905.58%HoldView

The Bottom Line

HoldCleveland is a neutral market. Consider house hacking or targeting below-market deals.

Cleveland County in North Carolina scores 51/100, ranking #762 of 1,000 US counties (top 76%). The 6.86% rent-to-price ratio indicates moderate cash flow potential. Current market conditions make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or all-cash purchases.

Monthly Cash Flow
$-309/mo
Cap Rate
4.5%
Cash-on-Cash
-8.0%

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