Is Rockingham County, NC good for real estate investing?

Rockingham County has an investment score of 57/100, rated as "Hold". The county ranks #605 nationally among 1000 counties analyzed.

What is the rent-to-price ratio in Rockingham?

The rent-to-price ratio in Rockingham County is 6.87% annually, which ranks in the 75th percentile nationally. Higher ratios indicate better cash flow potential.

What is the median home price in Rockingham?

The median home price in Rockingham County is $189,398. This ranks #193 in affordability among all US counties.

Can you cash flow on rental properties in Rockingham?

Based on median values with 20% down at current rates, a typical rental in Rockingham County would generate negative cash flow of $289/month. Individual property performance varies based on purchase price, rent, and operating expenses.

Rockingham County

North CarolinaPopulation: 91,209

/100

Hold

#605 of 1,000 counties

#41 in North Carolina (100 counties)

Market Snapshot

$189,398

Median Home Price

31% below national median

$1,084/mo

Median Rent

28% below national median

6.87%

Rent-to-Price Ratio

Top 25% nationally

-$289

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

Down Payment20%

5%50%100%

Purchase

Purchase Price$189,398

Down Payment (20%)$37,880

Loan Amount$151,518

Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,084

Monthly P&I-$993

Est. Expenses (35%)-$380

Net Cash Flow-$289/mo

4.5%

Cap Rate (all cash)

-8.0%

Cash-on-Cash Return

6.87%

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 Analysis Try House Hack Strategy

Score Breakdown

Overall Investment Score

57/100

Cash Flow(30%)

69/100

Based on 6.87% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)

38/100

Based on -2.5% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)

50/100

Population data not available.

Affordability(20%)

74/100

Price-to-income ratio of 3.7x. 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 (6.87%)
+Affordable relative to local incomes
+Complete rent data available

Challenges

-Declining home values (-2.5% YoY)
-Negative cash flow at typical financing (-$289/mo)
-Negative leverage (cap rate 4.5% < mortgage rate 6.9%)

Economic Indicators

Population

91,209

Median Income

$50,737

vs $62,400 national est.

Unemployment Rate

—

Data pending

Price-to-Income

3.7x

Moderately affordable

Compare to Nearby Counties

County					Verdict
GuilfordNC	58	$270,247	$1,424	6.32%	Hold	View
RowanNC	58	$270,032	$1,368	6.08%	Hold	View
NashNC	58	$229,278	$1,305	6.83%	Hold	View
CurrentRockinghamNC	57	$189,398	$1,084	6.87%	Hold
ScotlandNC	57	$138,001	Est. pending	—	Hold	View
LincolnNC	56	$396,190	$1,690	5.12%	Hold	View

The Bottom Line

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

Rockingham County in North Carolina scores 57/100, ranking #605 of 1,000 US counties (top 60%). The 6.87% rent-to-price ratio indicates moderate cash flow potential.

Monthly Cash Flow

$-289/mo

Cap Rate

4.5%

Cash-on-Cash

-8.0%

Ready to Analyze a Deal in Rockingham?

Use our investment calculators to run detailed numbers on specific properties.

Single Family1-4 unit rentals, BRRRR House HackOwner-occupied strategy Multifamily5+ unit properties

Explore Other Markets

Quick Investment Calculator

Down Payment20%

5%50%100%

Purchase

Purchase Price$189,398

Down Payment (20%)$37,880

Loan Amount$151,518

Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,084

Monthly P&I-$993

Est. Expenses (35%)-$380

Net Cash Flow-$289/mo

4.5%

Cap Rate (all cash)

-8.0%

Cash-on-Cash Return

6.87%

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 Analysis Try House Hack Strategy

Score Breakdown

Overall Investment Score

57/100

Cash Flow(30%)

69/100

Based on 6.87% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)

38/100

Based on -2.5% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)

50/100

Population data not available.

Affordability(20%)

74/100

Price-to-income ratio of 3.7x. Lower ratios indicate more affordable markets.

County

Verdict

GuilfordNC

$270,247

$1,424

6.32%

Hold

View

RowanNC

$270,032

$1,368

6.08%

Hold

View

NashNC

$229,278

$1,305

6.83%

Hold

View

CurrentRockinghamNC

$189,398

$1,084

6.87%

Hold

ScotlandNC

$138,001

Est. pending

—

Hold

View

LincolnNC

$396,190

$1,690

5.12%

Hold

View

The Bottom Line

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

Rockingham County in North Carolina scores 57/100, ranking #605 of 1,000 US counties (top 60%). The 6.87% rent-to-price ratio indicates moderate cash flow potential.

Monthly Cash Flow

$-289/mo

Cap Rate

4.5%

Cash-on-Cash

-8.0%