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Cove Creek CDP, NC

ZIP 28692 — 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 28692

Median Home Value
$289,200
Median Rent
$934
Affordability Snapshot
$80,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,858/mo PITI).

23%
Rent-to-Income Ratio

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

5.9x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

25.8 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 28692 in Cove Creek CDP, NC, a household would need roughly $80,000 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 $1,858. That is about 64% above the local median household income ($48,750), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 28% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
73.7%+13% vs US avg
x
Vacancy Rate
27.7%+169% vs US avg
x
Broadband Access
93.9%+8% vs US avg
x
4+ Bedrooms
2.8%-81% vs US avg
x
Built Pre-1939
2.7%-79% vs US avg
x
Built Post-2014
0.4%-94% vs US avg
x
Rent Burden >30%
10.2%-79% vs US avg
x
Mortgage-Free
50.5%+32% vs US avg
x
$289,200
Home Value
$934
Rent
1987
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 detached72.8%
  • 1-unit attached1.0%
  • 2-9 units7.9%
  • 10+ units0.3%
  • Mobile home & other18.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$289,200
Median rent$934
Owner-occupied73.7%
Vacant27.7%
Price-to-income5.9x
Est. income to buy$80,000