Real Estate Investing in Cary, North Carolina (27513)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 27513 (Cary, 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.
- High price-to-rent: Price-to-rent ratio 29.2 — hard to cash-flow at these prices.
What’s happening in Cary, NC (27513)?
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Market Analysis: 27513 Cary
The 27513 ZIP covers a section of Cary that demands careful diligence. Prices near $567K look accessible, but the work to make a deal cash flow is real.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $567K asset, 27513 is the wrong submarket. If the plan prices in friction, the yield can still work.
Regionally, 27513 sits on the difficult end of the NC spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
Resident income in 27513 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
trends toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Cary:
Property Strategy for 27513
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $313,299 | $1,920 | 4.4% | +8.0% | $156,649 |
| 3BR | $465,541 | $2,410 | 3.7% | +8.5% | $155,180 |
| 4BR | $659,404 | $3,220 | 3.5% | +9.5% | $164,851 |
| 5BR | $973,795 | — | — | +10.3% | $194,759 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 27513 Compare?
| Metric | 27513 | Cary | Raleigh-Cary, NC | North Carolina |
|---|---|---|---|---|
| Home Value | $566,651 | $630,709 | N/A | $330,565 |
| 5-Year CAGR | 6.1% | 6.6% | N/A | 7.8% |
| Avg Rent | $1,620 | $1,720 | N/A | - |
| Cap Rate | 2.2% | 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 27513 (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 | $566,651 |
| Monthly Rent | $1,620 |
| Price-to-Rent | 29.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.4% |
| Cap Rate | 2.2% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | +1.3% ▲ |
| 3-Year CAGR | +1.8% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | +6.3% ▲ |
🏠 Rent Trends
| 1-Year | +1.9% ▲ |
| 3-Year CAGR | +0.7% ▲ |
| 5-Year CAGR | +2.7% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.2%). 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 27513
Population: 47,444
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 27513
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Adams Elementary
Briarcliff Elementary
Cary Elementary
East Cary Middle
Farmington Woods 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 smart move for investors in Cary, NC?
In Cary, NC the impressive play is typically careful cash-flow rentals with hands-on management. The combination of $567K prices and $1,620/mo rents suits that approach.
How much should I expect to pay for a home in Cary, NC?
Typical homes in Cary, NC go for around $567K. The 5-year CAGR of 0.0% measured price movement.
Do landlords face vacancy issues in Cary, NC?
Rental vacancy in Cary, NC is elevated. Investors should budget normal turnover but not chronic empty units.
Can I house hack in Cary, NC?
Cary, NC offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,620/mo rent level.
How does Cary, NC stack up for property investment?
Cary, NC registers an investability rating of 3.0/5, with median home values near $567K and average rents around $1,620/mo. That combination puts it in the impressive tier for investor interest.
You know 27513 now. You don’t know where it ranks.
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How 27513 ranks in Raleigh-Cary, NC
Every ZIP in this metro, ranked. Free.
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