Real Estate Investing in Smithfield, North Carolina (27577)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 27577 (Smithfield, 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 cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 9.1% vacancy may signal weakening demand.
What’s happening in Smithfield, NC (27577)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 27577 Smithfield
ZIP 27577 inside Johnston County looks affordable on the surface — median value of $293K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed markets are won on execution, not on spreadsheets. ZIP 27577 posts the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Statewide comparisons place 27577 among NC's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Who lives in 27577 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
leans 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 Smithfield:
Property Strategy for 27577
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $172,595 | $1,350 | 5.6% | +10.0% | $86,298 |
| 3BR | $280,578 | $1,660 | 4.3% | +8.0% | $93,526 |
| 4BR | $390,955 | $2,200 | 4.1% | +7.8% | $97,739 |
| 5BR | $430,360 | — | — | +7.6% | $86,072 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 27577 Compare?
| Metric | 27577 | Smithfield | Raleigh-Cary, NC | North Carolina |
|---|---|---|---|---|
| Home Value | $293,166 | $293,166 | N/A | $330,565 |
| 5-Year CAGR | 4.9% | 4.9% | N/A | 7.8% |
| Avg Rent | $1,787 | $1,787 | N/A | - |
| Cap Rate | 4.8% | 4.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 27577 (Smithfield, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $293,166 |
| Monthly Rent | $1,787 |
| Price-to-Rent | 13.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.3% |
| Cap Rate | 4.8% |
| 5-Year IRR | 9.7% |
📈 Home Appreciation
| 1-Year | +1.5% ▲ |
| 3-Year CAGR | +0.7% ▲ |
| 5-Year CAGR | +4.9% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 Rent Trends
| 1-Year | +5.5% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.8%). 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 27577
Population: 26,946
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 27577
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 842 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Smithfield, NC a good place for real estate investing?
Smithfield, NC scores 3.0/5 for investability. Home values sit at $293K and rents near $1,787/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Is vacancy a concern in Smithfield, NC?
Vacancy in Smithfield, NC is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,787/mo.
Does house hacking make sense in Smithfield, NC?
The house hack math a challenging in Smithfield, NC. Owner-occupant buyers benefit from the $1,787/mo rents and $293K home values.
Which real estate strategy fits Smithfield, NC?
Most investors in Smithfield, 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.
How much rent can I charge in Smithfield, NC?
Investors in Smithfield, NC typically see rents near $1,787/mo per month against $293K home values - a solid setup for rental cash flow.
You know 27577 now. You don’t know where it ranks.
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How 27577 ranks in Raleigh-Cary, NC
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