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Market MapNorth CarolinaAlleghany

Alleghany County

North CarolinaPopulation: 10,989
47
/100
Hold
#611 of 1,000 counties
#60 in North Carolina (100 counties)
Analysis by RentalCalcs Research·Independent data + algorithm-driven scoring
Updated January 1, 2026Sources: Zillow ZHVI, Zillow ZORI, US Census ACS, Tax Foundation

Market Snapshot

$260,640
Median Home Price
12% above national median
$15,476/mo
Est. Rent
Based on regional data
5.94%
Rent-to-Price Ratio
Estimated from price data
+$0
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Historical data from Zillow ZHVI/ZORI

Score Breakdown

Overall Investment Score
47/100
47
Cash Flow(30%)
0/100

Rent data not available for cash flow calculation.

Appreciation(25%)
51/100

Based on 0.1% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Population data not available.

Affordability(20%)
38/100

Price-to-income ratio of 6.2x. 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

No significant strengths identified based on current data.

Challenges

  • -Negative leverage (cap rate 0.0% < mortgage rate 6.9%)
  • -High price-to-income ratio makes financing challenging
  • -Limited rent data (estimates used)

Economic Indicators

Population
10,989
Median Income
$42,115
vs $57,059 national est.
Unemployment Rate
—
Data pending
Price-to-Income
6.2x
Less affordable

Who this market fits

Skip if
  • −You can't tolerate negative leverage (cap rate below mortgage rate today)
  • −You rely on FHA-style financing: prices are stretched relative to local incomes

Compare to Nearby Counties

CountyVerdict
CherokeeNC
48$269,305Est. pending—HoldView
MecklenburgNC
48$416,475$1,7375.01%HoldView
CurrentAlleghanyNC
47$260,640Est. pending—Hold
ClayNC
46$334,965Est. pending—HoldView
DurhamNC
46$394,861$1,6284.95%HoldView
SwainNC
44$319,059Est. pending—AvoidView

The Bottom Line

HoldAlleghany is a neutral market.

Alleghany County in North Carolina scores 47/100, ranking #611 of 1,000 US counties (top 81%). At 20% down and current rates, a median-priced rental roughly breaks even on cash flow. The deal works on appreciation or with better terms, not on month-one cash flow.

Monthly Cash Flow
+$0/mo
Cap Rate
0.0%
Cash-on-Cash
0.0%

Related markets

Markets like Alleghany with stronger cash flow

  • Mecklenburg County for cash-flow rentals
  • Durham County for cash-flow rentals

Head-to-head comparisons

  • Alleghany vs Cherokee for rentals
  • Alleghany vs Clay for rentals
  • Alleghany vs Mecklenburg for rentals
All counties in North Carolina →

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