Is Cleveland County, NC good for real estate investing?

Cleveland County has an investment score of 56/100, rated as "Hold". The county ranks #438 nationally among 1000 counties analyzed.

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

The rent-to-price ratio in Cleveland County is 7.22% annually, which ranks in the 81th percentile nationally. Higher ratios indicate better cash flow potential.

What is the median home price in Cleveland?

The median home price in Cleveland County is $200,688. This ranks #361 in affordability among all US counties.

Can you cash flow on rental properties in Cleveland?

Based on median values with 20% down at current rates, a typical rental in Cleveland County would generate negative cash flow of $267/month. Individual property performance varies based on purchase price, rent, and operating expenses.

Cleveland County

North CarolinaPopulation: 99,527

/100

Hold

#438 of 1,000 counties

#34 in North Carolina (100 counties)

Market Snapshot

$200,688

Median Home Price

14% below national median

$1,207/mo

Median Rent

20% below national median

7.22%

Rent-to-Price Ratio

Top 19% nationally

-$267

Est. Monthly Cash Flow

With 20% down at 6.9% rate

Price History

Historical data from Zillow ZHVI/ZORI

Quick Investment Calculator

Down Payment20%

5%50%100%

Purchase

Purchase Price$200,688

Down Payment (20%)$40,138

Loan Amount$160,550

Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,207

Monthly P&I-$1,052

Est. Expenses (35%)-$422

Net Cash Flow-$267/mo

4.7%

Cap Rate (all cash)

-6.9%

Cash-on-Cash Return

7.22%

Rent-to-Price Ratio

Negative leverage: At 6.85% rates, borrowing costs exceed the 4.7% 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

56/100

Cash Flow(30%)

72/100

Based on 7.22% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)

29/100

Based on -4.1% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)

50/100

Population data not available.

Affordability(20%)

71/100

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 (7.22%)
+Affordable relative to local incomes
+Complete rent data available

Challenges

-Declining home values (-4.1% YoY)
-Negative cash flow at typical financing (-$267/mo)
-Negative leverage (cap rate 4.7% < mortgage rate 6.9%)

Economic Indicators

Population

99,527

Median Income

$50,723

vs $57,018 national est.

Unemployment Rate

—

Data pending

Price-to-Income

4.0x

Moderately affordable

Compare to Nearby Counties

County					Verdict
ScotlandNC	57	$138,001	Est. pending	—	Hold	View
RockinghamNC	57	$189,398	$1,084	6.87%	Hold	View
CurrentClevelandNC	56	$200,688	$1,207	7.22%	Hold
BurkeNC	56	$246,801	Est. pending	—	Hold	View
LincolnNC	56	$396,190	$1,690	5.12%	Hold	View
FranklinNC	55	$354,406	$1,782	6.03%	Hold	View

The Bottom Line

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

Cleveland County in North Carolina scores 56/100, ranking #438 of 1,000 US counties (top 58%). The 7.22% rent-to-price ratio indicates moderate cash flow potential.

Monthly Cash Flow

$-267/mo

Cap Rate

4.7%

Cash-on-Cash

-6.9%

Ready to Analyze a Deal in Cleveland?

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$200,688

Down Payment (20%)$40,138

Loan Amount$160,550

Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,207

Monthly P&I-$1,052

Est. Expenses (35%)-$422

Net Cash Flow-$267/mo

4.7%

Cap Rate (all cash)

-6.9%

Cash-on-Cash Return

7.22%

Rent-to-Price Ratio

Negative leverage: At 6.85% rates, borrowing costs exceed the 4.7% 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

56/100

Cash Flow(30%)

72/100

Based on 7.22% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)

29/100

Based on -4.1% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)

50/100

Population data not available.

Affordability(20%)

71/100

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

County

Verdict

ScotlandNC

$138,001

Est. pending

—

Hold

View

RockinghamNC

$189,398

$1,084

6.87%

Hold

View

CurrentClevelandNC

$200,688

$1,207

7.22%

Hold

BurkeNC

$246,801

Est. pending

—

Hold

View

LincolnNC

$396,190

$1,690

5.12%

Hold

View

FranklinNC

$354,406

$1,782

6.03%

Hold

View

The Bottom Line

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

Cleveland County in North Carolina scores 56/100, ranking #438 of 1,000 US counties (top 58%). The 7.22% rent-to-price ratio indicates moderate cash flow potential.

Monthly Cash Flow

$-267/mo

Cap Rate

4.7%

Cash-on-Cash

-6.9%