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Cove City town, NC

ZIP 28523 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 28523

Median Home Value
$167,700
Median Rent
$518
Affordability Snapshot
$46,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,077/mo PITI).

14%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.7x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

27.0 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 28523 in Cove City town, NC, a household would need roughly $46,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,077. That is roughly in line with the local median household income ($45,283). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
71.5%+9% vs US avg
x
Vacancy Rate
1.1%-89% vs US avg
x
Broadband Access
70.7%-19% vs US avg
x
4+ Bedrooms
2.0%-86% vs US avg
x
Built Pre-1939
4.6%-64% vs US avg
x
Built Post-2014
0.5%-92% vs US avg
x
Rent Burden >30%
1.9%-96% vs US avg
x
Mortgage-Free
58.9%+54% vs US avg
x
$167,700
Home Value
$518
Rent
1984
Year Built
2007
Moved In

Residents have lived here since ~2007 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached68.0%
  • 1-unit attached0.4%
  • 2-9 units0.0%
  • 10+ units0.0%
  • Mobile home & other31.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$167,700
Median rent$518
Owner-occupied71.5%
Vacant1.1%
Price-to-income3.7x
Est. income to buy$46,000