Real Estate Investing in Cary, North Carolina (27519)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 27519 (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 29.0 — hard to cash-flow at these prices.
What’s happening in Cary, NC (27519)?
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Market Analysis: 27519 Cary
In practical terms, ZIP 27519 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $705K median. It rewards specialists, not generalists.
Stepping back, the numbers look inviting — $705K purchase price, 0.0% nominal cap — the work to hit that pro forma in 27519 is substantial and deserves full respect.
The gap between 27519 and stronger Cary ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
From an investor standpoint, 67,976 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.
Strategy in 27519 is an operator game, not a passive one. From a cash-flow lens, entry prices of $705K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Cary:
Property Strategy for 27519
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $475,605 | $2,240 | 3.4% | +8.8% | $237,802 |
| 3BR | $520,973 | $2,810 | 3.9% | +8.6% | $173,658 |
| 4BR | $694,418 | $3,740 | 3.9% | +10.2% | $173,605 |
| 5BR | $1,003,120 | — | — | +10.7% | $200,624 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 27519 Compare?
| Metric | 27519 | Cary | Raleigh-Cary, NC | North Carolina |
|---|---|---|---|---|
| Home Value | $705,316 | $630,709 | N/A | $330,565 |
| 5-Year CAGR | 6.9% | 6.6% | N/A | 7.8% |
| Avg Rent | $2,028 | $1,720 | N/A | - |
| Cap Rate | 2.2% | 2.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 27519 (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 | $705,316 |
| Monthly Rent | $2,028 |
| Price-to-Rent | 29.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.2% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +0.0% ▲ |
| 3-Year CAGR | +2.0% ▲ |
| 5-Year CAGR | +6.9% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 Rent Trends
| 1-Year | +5.6% ▲ |
| 3-Year CAGR | +1.3% ▲ |
| 5-Year CAGR | +3.2% ▲ |
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 27519
Population: 67,976
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 27519
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 1,232 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How tight is the rental market in Cary, NC?
Expect elevated vacancy in Cary, NC. Rents at $2,028/mo are absorbed by the tenant base without meaningful lag.
Is the tenant base reliable in Cary, NC?
Expect a solid tenant pool in Cary, NC. The rental market absorbs $2,028/mo rents without meaningful friction.
Are rents high in Cary, NC?
Expect rents around $2,028/mo per month in Cary, NC. With home values at $705K, the yield math works out to reasonable levels for rental investors.
Is Cary, NC better for rentals, flips, or BRRRR?
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 are home prices like in Cary, NC?
Cary, NC median home values land near $705K. That is reasonable territory for investors looking at $2,028/mo-per-month rentals.
You know 27519 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 27519 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 27519 ranks in Raleigh-Cary, NC
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