Rental numbers for the Forest City, NC metro
The typical home here runs -$423 a month at 7.78% with 25% down, breaking even at about 3.7%.
- Gross yield
- 7.7%
- typical home, Zillow
- Median ZIP yield
- n/a
- 0 ZIPs with full data
- Cash flow
- -$423/mo
- at 7.78%, 25% down
- Typical price
- $217,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,393/mo
- Zillow ZORI, Aug 2026
ZIP codes in the metro
8 with published figures
| 28160Spindale | $148,000 | $930* | 7.6% | 3.3% | -$396 | n/a |
| 28114Mooresboro | $160,000 | $930* | 7.0% | 3.1% | -$448 | n/a |
| 28040Ellenboro | $186,000 | $930* | 6.0% | 2.4% | -$627 | n/a |
| 28043Forest City | $190,000 | $930* | 5.9% | 2.4% | -$641 | n/a |
| 28018Bostic | $219,000 | $1,040* | 5.7% | 2.4% | -$741 | n/a |
| 28139Rutherfordton | $249,000 | $1,060* | 5.1% | 2.0% | -$922 | n/a |
| 28167Union Mills | $242,000 | $1,030* | 5.1% | 1.9% | -$914 | n/a |
| 28746Lake Lure | $440,000 | $1,370* | 3.7% | 1.2% | -$1,933 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +3.8%
- Rent, 12 months
- n/a
- Rent minus price growth
- n/a
- Property tax
- 0.59%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $181,876 | n/a |
| Aug 2022 | $211,042 | n/a |
| Aug 2023 | $208,164 | n/a |
| Aug 2024 | $221,687 | n/a |
| Aug 2025 | $208,950 | n/a |
| Aug 2026 | $216,907 | $1,393 |
Counties
- Rutherford County, NCn/a median yield
Tools
Test a listing in the Forest City, NC area against today's rate.
Open the calculatorQuestions
- Is the Forest City, NC metro good for rental property?
- The typical home here runs -$423 a month at 7.78% with 25% down, breaking even at about 3.7%. Figures assume a typical home, 7.78% with 25% down and the default costs on the methodology page.
- Which ZIP codes in the Forest City, NC metro have the highest rental yield?
- , on Zillow value and rent. The full table above sorts by any column.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.