Real Estate Investing in Rocky Mount, North Carolina (27801)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 27801 (Rocky Mount, NC)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 21.7% of homes vacant — above national norms.
- Elevated poverty: 22.0% poverty rate — can affect rent collection.
What’s happening in Rocky Mount, NC (27801)?
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Market Analysis: 27801 Rocky Mount
The 27801 ZIP in Rocky Mount, NC is a local-operator market. Outside capital chasing a $123K entry has to pair deep knowledge with the discount.
Distressed markets are won on execution, not on spreadsheets. ZIP 27801 reports the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Regionally, 27801 sits on the difficult end of the NC spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 27801 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Experienced landlords with local relationships tend to find 27801 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 Rocky Mount:
Property Strategy for 27801
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $74,364 | $1,110 | 10.7% | +11.5% | $37,182 |
| 3BR | $134,006 | $1,500 | 8.1% | +9.8% | $44,669 |
| 4BR | $175,718 | $1,760 | 7.2% | +9.9% | $43,930 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 27801 Compare?
| Metric | 27801 | Rocky Mount | Rocky Mount, NC | North Carolina |
|---|---|---|---|---|
| Home Value | $123,462 | $93,641 | N/A | $330,565 |
| 5-Year CAGR | 5.6% | 6.1% | N/A | 7.8% |
| Avg Rent | $1,079 | $1,262 | N/A | - |
| Cap Rate | 6.8% | 5.5% | - | - |
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 27801 (Rocky Mount, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $123,462 |
| Monthly Rent | $1,079 |
| Price-to-Rent | 9.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 10.5% |
| Cap Rate | 6.8% |
| 5-Year IRR | 12.4% |
📈 Home Appreciation
| 1-Year | -2.4% ▼ |
| 3-Year CAGR | -0.8% ▼ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +9.8% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (6.8%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 27801
Population: 19,489
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 27801
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 1,234 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How should investors approach Rocky Mount, NC?
Investors usually favor careful cash-flow rentals with hands-on management in Rocky Mount, NC. With home values at $123K and rents near $1,079/mo, other strategies can work but produce reliable rather than outsized returns.
Are tenants stable in Rocky Mount, NC?
Expect a solid tenant pool in Rocky Mount, NC. The rental market absorbs $1,079/mo rents without meaningful friction.
Can I house hack in Rocky Mount, NC?
House hacking in Rocky Mount, NC is a challenging. With home values around $123K and rents at $1,079/mo, owner-occupants can offset a meaningful share of PITI.
Is NC a landlord-friendly state?
NC ranks as a landlord-friendly state for landlord-tenant law. Rocky Mount generally follows the statewide framework, so landlords face reasonable operating rules.
What is the typical rental rate in Rocky Mount, NC?
Rent in Rocky Mount, NC is around $1,079/mo. The resulting rent-to-value relationship with $123K pricing is reasonable for most investor models.
You know 27801 now. You don’t know where it ranks.
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How 27801 ranks in Rocky Mount, NC
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