Real Estate Investing in Ellerbe, North Carolina

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1 ZIP codes • Population: 3,320 • Richmond County

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

🏠 For Homebuyers
GOOD FIT
Grade B (72/100)

Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.

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

A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.

⚠️ Risks to Know
1 flag
  • High vacancy: 16.0% of homes vacant — above national norms.

What’s happening in Ellerbe, NC?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

4.5% 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 $149,489
Avg Monthly Rent $837
ZIP Codes 1

Investing in Ellerbe Real Estate

Ellerbe in North Carolina is one of the markets where the numbers warn before they reward — 1 ZIPs, a sizable population, and a rating that reflects material risk.

A 3.0 rating and a 5-year CAGR of 0.0% are the kinds of numbers that warrant real local underwriting, not spreadsheet tourism. Ellerbe is in that category.

Market conditions in Ellerbe are lackluster. Days-on-market has stretched, rent growth has stalled, and the 0.0% 5-year CAGR understates how uneven the underlying ZIPs really are.

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

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Landlord Ground Truth

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

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Avg Home Value
$149,489
Avg Monthly Rent
$837
1% Rule
✗ Below
Landlord Friendly (NC)

📉 Market Crash Risk Index

Based on Rockingham, NC metro

3/10
Moderate Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
3/3
80%
Days Pending
0/2
0 days

View all metro crash risk rankings →

☀️ Warm Market — Rockingham, NC metro
0
Days to pending
8.5%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

ZIP Codes in Ellerbe, NC

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Filter Ellerbe’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 Ellerbe, NC

Do rentals sit vacant long in Ellerbe, NC?

Occupancy in Ellerbe, NC runs consistent with elevated vacancy. Well-priced units at $837/mo lease on reasonable timelines.

Is it easy to find good tenants in Ellerbe, NC?

Ellerbe, NC offers a stable renter base at the $837/mo rent level. Tenant turnover is reasonable for well-managed properties.

Where do rents currently stand in Ellerbe, NC?

Rent in Ellerbe, NC is around $837/mo. The resulting rent-to-value relationship with $149K pricing is reasonable for most investor models.

Is Ellerbe, NC better for rentals, flips, or BRRRR?

The best-fit strategy in Ellerbe, NC is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.

How does Ellerbe, NC stack up for property investment?

The 3.0/5 investability rating in Ellerbe, NC reflects its $149K prices and $837/mo rents. Investors generally consider it a solid option within NC.

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