Real Estate Investing in Apex, North Carolina (27523)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 27523 (Apex, NC)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
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 30.8 — hard to cash-flow at these prices.
What’s happening in Apex, NC (27523)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 27523 Apex
Put differently, ZIP 27523 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $742K median. It rewards specialists, not generalists.
Rent of $2,010/mo on a $742K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 27523 sits below the stated 0.0% once reality is priced in.
ZIP 27523's metrics run below Wake County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The 27523 ZIP's population of 18,330 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reflects the need for careful underwriting.
Distressed ZIPs reward experience. substantial returns are possible in 27523, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Apex:
Property Strategy for 27523
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $544,972 | $2,110 | 2.8% | +9.6% | $272,486 |
| 3BR | $553,155 | $2,640 | 3.4% | +8.8% | $184,385 |
| 4BR | $688,960 | $3,470 | 3.6% | +9.8% | $172,240 |
| 5BR | $1,010,325 | — | — | +9.9% | $202,065 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 27523 Compare?
| Metric | 27523 | Apex | Raleigh-Cary, NC | North Carolina |
|---|---|---|---|---|
| Home Value | $741,591 | $641,370 | N/A | $330,565 |
| 5-Year CAGR | 6.8% | 6.1% | N/A | 7.8% |
| Avg Rent | $2,010 | $1,975 | N/A | - |
| Cap Rate | 2.1% | 2.4% | - | - |
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 27523 (Apex, 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 | $741,591 |
| Monthly Rent | $2,010 |
| Price-to-Rent | 30.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.3% |
| Cap Rate | 2.1% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | 0.0% ▼ |
| 3-Year CAGR | +2.6% ▲ |
| 5-Year CAGR | +6.8% ▲ |
| 10-Year CAGR | +6.3% ▲ |
🏠 Rent Trends
| 1-Year | +5.9% ▲ |
| 3-Year CAGR | +2.0% ▲ |
| 5-Year CAGR | +3.3% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.1%). 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 27523
Population: 18,330
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 27523
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 1,489 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is housing expensive in Apex, NC?
In Apex, NC the median home value sits at $742K. Against the broader NC market, that reads as reasonable for most investors.
Can I house hack in Apex, NC?
For house hackers, Apex, NC is a challenging. The $2,010/mo rent on a unit helps defray the mortgage on a $742K property.
How tight is the rental market in Apex, NC?
Apex, NC vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Is rental property easy to operate in Apex, NC?
Apex, NC falls under NC landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
What kind of tenants rent in Apex, NC?
Expect a solid tenant pool in Apex, NC. The rental market absorbs $2,010/mo rents without meaningful friction.
You know 27523 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 27523 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 27523 ranks in Raleigh-Cary, NC
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