Real Estate Investing in Pelham, North Carolina (27311)
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Should you buy in 27311 (Pelham, NC)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 16.6% of homes vacant — above national norms.
- Elevated poverty: 23.2% poverty rate — can affect rent collection.
- Lower household income: $35,216 median — tenant affordability is tighter.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Pelham, NC (27311)?
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Market Analysis: 27311 Pelham
The 27311 ZIP covers a section of Pelham that demands careful diligence. Prices near $165K look accessible, but the work to make a deal cash flow is real.
Distressed markets are won on execution, not on spreadsheets. ZIP 27311 comes in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Statewide comparisons place 27311 among NC's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
In practical terms, 3,656 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategically, 27311 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Pelham:
Property Strategy for 27311
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $132,791 | $940 | 5.1% | +8.8% | $66,396 |
| 3BR | $175,410 | $1,260 | 5.2% | +6.6% | $58,470 |
Market Trends
Home Value History (with trend line)
📊 How Does 27311 Compare?
| Metric | 27311 | Pelham | Greensboro-High Point, NC | North Carolina |
|---|---|---|---|---|
| Home Value | $164,940 | $164,940 | N/A | $330,565 |
| 5-Year CAGR | 3.3% | 3.3% | N/A | 7.8% |
| Avg Rent | $846 | $846 | N/A | - |
| Cap Rate | 4.0% | 4.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 27311 (Pelham, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $164,940 |
| Monthly Rent | $846 |
| Price-to-Rent | 16.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.2% |
| Cap Rate | 4.0% |
| 5-Year IRR | 7.3% |
📈 Home Appreciation
| 1-Year | +6.8% ▲ |
| 3-Year CAGR | +2.0% ▲ |
| 5-Year CAGR | +3.3% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 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 (4.0%). 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 27311
Population: 3,656
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
🎓 Nearby Colleges & Universities
Investor Insight: With 622 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What investment strategy works best in Pelham, NC?
In Pelham, NC the durable play is typically careful cash-flow rentals with hands-on management. The combination of $165K prices and $846/mo rents suits that approach.
Can I live-in-and-rent in Pelham, NC?
The house hack math a challenging in Pelham, NC. Owner-occupant buyers benefit from the $846/mo rents and $165K home values.
How do home values compare in Pelham, NC?
Homes in Pelham, NC typically sell near $165K. Prices have moved at a 0.0% 5-year CAGR, which stable long-term demand.
Are landlord laws favorable in Pelham, NC?
Rental owners in Pelham, NC deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
What is the typical renter like in Pelham, NC?
Tenant quality in Pelham, NC ranks as solid. Landlords generally report steady occupancy at market rents of $846/mo.
You know 27311 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 27311 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 27311 ranks in Greensboro-High Point, NC
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