Real Estate Investing in Elizabeth City, North Carolina

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 40,878 • Pasquotank County

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Should you buy in Elizabeth City, NC? Our answer, based on the numbers below.

🏠 For Homebuyers
GOOD FIT
Grade B (70/100)

Solid choice — values are growing steadily and the market is stable enough to buy with confidence.

📈 For Investors
MIXED
3.0 / 5 (52/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • Elevated vacancy: 11.6% vacancy may signal weakening demand.

What’s happening in Elizabeth City, NC?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

6.7% 5yr CAGR

4.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $270,386
Avg Monthly Rent $1,524
ZIP Codes 1

Investing in Elizabeth City Real Estate

Across Elizabeth City's 1 ZIPs, the picture is tepid: $270K median values, $1,524/mo rents, and a population that has faced real economic pressure.

Across Elizabeth City's 1 ZIPs, fundamentals run lackluster: thin appreciation, soft rents, and demographic trends that don't obviously reverse in the medium term.

Rent trends and price trends in Elizabeth City are both soft, which is the uncomfortable combination that defines distressed-leaning markets in North Carolina.

Distressed-leaning demographics in Elizabeth City — soft income growth, high rent burden, population shifts — are among the reasons the ★★★☆☆ rating sits where it does.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

Real numbers from people who own or manage rentals in Elizabeth City, NC. Anonymous, moderated, never written by AI.

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Avg Home Value
$270,386
Avg Monthly Rent
$1,524
1% Rule
✗ Below
Landlord Friendly (NC)

📉 Market Crash Risk Index

Based on Elizabeth City, NC metro

0/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
0/3
36%
Days Pending
0/2
0 days

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☀️ Warm Market — Elizabeth City, NC metro
0
Days to pending
8.7%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

🎓 Colleges & Universities in Elizabeth City

3 Colleges 4,924 Students 984 Off-Campus Renters
C+
Elizabeth City State University
4-Year Public · 2,165 students
📍 ~132 students rent off-campus
C
College of the Albemarle
2-Year Public · 2,582 students
📍 ~852 students rent off-campus
C
Mid-Atlantic Christian University
4-Year Private · 177 students

Investor Insight: With 984 students living off-campus, Elizabeth City has substantial rental demand from the college population — typically stable, lease-renewing tenants.

ZIP Codes in Elizabeth City, NC

Screen every ZIP in Elizabeth City

Filter Elizabeth City’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Elizabeth City, NC

Where do home prices stand in Elizabeth City, NC?

Elizabeth City, NC home values average about $270K. That price point suits investors targeting rentals with $1,524/mo in monthly income.

Is Elizabeth City, NC a friendly market for rental owners?

Elizabeth City, NC falls under NC landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.

How high is vacancy risk in Elizabeth City, NC?

Elizabeth City, NC carries elevated vacancy risk. Expect measured absorption at market rents of $1,524/mo.

Can I live-in-and-rent in Elizabeth City, NC?

House hacking in Elizabeth City, NC is a challenging. With home values around $270K and rents at $1,524/mo, owner-occupants can offset a meaningful share of PITI.

Are tenants stable in Elizabeth City, NC?

Working renters make up the core of the Elizabeth City, NC tenant base. The pool is reasonable for investors targeting long-term holds.

Community Ratings

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