Real Estate Investing in Lewisville, North Carolina (27023)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 27023 (Lewisville, NC)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Lewisville, NC (27023)?
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Market Analysis: 27023 Lewisville
Not every below-median market is a bargain. Lewisville's 27023 ZIP records signals that favor experienced operators who can absorb the risk $407K pricing implies.
For an experienced owner, 27023 can be a a viable market for hunting ground — but the discount at $407K reflects genuine risk that outside investors often underestimate.
Regionally, 27023 sits on the difficult end of the NC spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
The demographic picture in 27023 includes headwinds that any investor should price in. Income distribution skews lower than Lewisville averages, and tenant stability requires active management.
Strategy in 27023 is an operator game, not a passive one. From a cash-flow lens, entry prices of $407K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Lewisville:
Property Strategy for 27023
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $228,399 | $1,330 | 4.2% | +9.2% | $114,199 |
| 3BR | $342,481 | $1,740 | 3.7% | +7.8% | $114,160 |
| 4BR | $555,787 | $2,050 | 2.7% | +7.9% | $138,947 |
| 5BR | $771,691 | — | — | +7.9% | $154,338 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 27023 Compare?
| Metric | 27023 | Lewisville | Winston-Salem, NC | North Carolina |
|---|---|---|---|---|
| Home Value | $407,171 | $407,171 | N/A | $330,565 |
| 5-Year CAGR | 6.0% | 6.0% | N/A | 7.8% |
| Avg Rent | $1,825 | $1,825 | N/A | - |
| Cap Rate | 3.5% | 3.5% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 27023 (Lewisville, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $407,171 |
| Monthly Rent | $1,825 |
| Price-to-Rent | 18.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 9.5% |
📈 Home Appreciation
| 1-Year | +5.0% ▲ |
| 3-Year CAGR | +4.1% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.5%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 27023
Population: 13,998
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 27023
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 2,491 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Lewisville in NC worth investing in?
Our data puts Lewisville, NC at 3.0/5 for investability. Home prices of $407K and rents around $1,825/mo create a solid backdrop for investor activity.
What do landlords charge for rent in Lewisville, NC?
Expect rents around $1,825/mo per month in Lewisville, NC. With home values at $407K, the yield math works out to reasonable levels for rental investors.
What is the typical vacancy rate in Lewisville, NC?
Lewisville, NC vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
How do experienced investors play Lewisville, NC?
The best-fit strategy in Lewisville, NC is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
What are home prices like in Lewisville, NC?
The median home value in Lewisville, NC is roughly $407K. That puts it reasonable relative to the NC statewide average.
You know 27023 now. You don’t know where it ranks.
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How 27023 ranks in Winston-Salem, NC
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