Real Estate Investing in Cary, North Carolina (27511)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 27511 (Cary, NC)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High price-to-rent: Price-to-rent ratio 25.4 — hard to cash-flow at these prices.
What’s happening in Cary, NC (27511)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 27511 Cary
ZIP 27511 inside Wake County looks affordable on the surface — median value of $505K — but the discount exists for reasons that a careful buyer should understand before committing.
The 27511 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Within NC, ZIP 27511 trails on several market indicators that neighboring Wake County submarkets outperform. The gap is real and durable enough to shape underwriting.
Demographically, 27511 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Experienced landlords with local relationships tend to find 27511 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Cary:
Property Strategy for 27511
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $299,082 | $1,620 | 3.9% | +8.2% | $149,541 |
| 3BR | $450,854 | $2,030 | 3.2% | +8.7% | $150,285 |
| 4BR | $593,309 | $2,720 | 3.3% | +9.1% | $148,327 |
| 5BR | $891,145 | — | — | +10.6% | $178,229 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 27511 Compare?
| Metric | 27511 | Cary | Raleigh-Cary, NC | North Carolina |
|---|---|---|---|---|
| Home Value | $505,184 | $630,709 | N/A | $330,565 |
| 5-Year CAGR | 5.9% | 6.6% | N/A | 7.8% |
| Avg Rent | $1,655 | $1,720 | N/A | - |
| Cap Rate | 2.6% | 2.2% | - | - |
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 27511 (Cary, NC). Anonymous, moderated, never written by AI.
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Property managers serving Wake County
Manage rentals here? List your business →Fox Rental Management is a licensed Real Estate Broker and Property Management Company serving Clayton & Raleigh, NC, specializing in residential management. summary from their website
RPM Property Pros is a full-service property management company in North Carolina specializing in commercial property and association management. summary from their website
Bottom Line Property Management offers property management services in Charlotte and Raleigh, focusing on maximizing owner investments. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $505,184 |
| Monthly Rent | $1,655 |
| Price-to-Rent | 25.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.9% |
| Cap Rate | 2.6% |
| 5-Year IRR | 8.4% |
📈 Home Appreciation
| 1-Year | +3.0% ▲ |
| 3-Year CAGR | +2.3% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 Rent Trends
| 1-Year | -0.5% ▼ |
| 3-Year CAGR | +1.2% ▲ |
| 5-Year CAGR | +4.7% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.6%). 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 27511
Population: 33,279
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 27511
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Kingswood Elementary
Northwoods Elementary
Penny Road Elementary
Reedy Creek Elementary
Weatherstone Elementary
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
Frequently Asked Questions
What is the investability score for Cary, NC?
Cary, NC posts an investability rating of 3.0/5, with median home values near $505K and average rents around $1,655/mo. That combination puts it in the robust tier for investor interest.
What is the smart move for investors in Cary, NC?
Most investors in Cary, NC run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
What is the typical renter like in Cary, NC?
Tenant quality in Cary, NC ranks as solid. Landlords generally report even-keeled occupancy at market rents of $1,655/mo.
Is NC a landlord-friendly state?
Landlord-friendliness in Cary, NC is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What is the typical rental rate in Cary, NC?
Investors in Cary, NC typically see rents near $1,655/mo per month against $505K home values - a solid setup for rental cash flow.
You know 27511 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 27511 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 27511 ranks in Raleigh-Cary, NC
Every ZIP in this metro, ranked. Free.
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