Real Estate Investing in Chocowinity, North Carolina (27817)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 27817 (Chocowinity, 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 vacancy: 17.1% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 27.9 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Chocowinity, NC (27817)?
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Market Analysis: 27817 Chocowinity
Not every below-median market is a bargain. Chocowinity's 27817 ZIP sits at signals that favor experienced operators who can absorb the risk $298K pricing implies.
The investment case in 27817 is sturdy only for operators who understand what they are buying. A $298K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Within NC, ZIP 27817 trails on several market indicators that neighboring Beaufort County submarkets outperform. The gap is real and significant enough to shape underwriting.
Employment concentration in 27817 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategy in 27817 is an operator game, not a passive one. Meanwhile, entry prices of $298K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Chocowinity:
Property Strategy for 27817
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $321,136 | $1,340 | 3.0% | +8.3% | $107,045 |
| 4BR | $557,116 | $1,660 | 2.1% | +8.2% | $139,279 |
Market Trends
Home Value History (with trend line)
📊 How Does 27817 Compare?
| Metric | 27817 | Chocowinity | Washington, NC | North Carolina |
|---|---|---|---|---|
| Home Value | $298,089 | $298,089 | N/A | $330,565 |
| 5-Year CAGR | 5.3% | 5.3% | N/A | 7.8% |
| Avg Rent | $891 | $891 | N/A | - |
| Cap Rate | 2.3% | 2.3% | - | - |
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 27817 (Chocowinity, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $298,089 |
| Monthly Rent | $891 |
| Price-to-Rent | 27.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.6% |
| Cap Rate | 2.3% |
| 5-Year IRR | 7.7% |
📈 Home Appreciation
| 1-Year | +3.2% ▲ |
| 3-Year CAGR | +3.6% ▲ |
| 5-Year CAGR | +5.3% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.3%). 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 27817
Population: 7,764
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 27817
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 1,037 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are renters plentiful in Chocowinity, NC?
Working renters make up the core of the Chocowinity, NC tenant base. The pool is reasonable for investors targeting long-term holds.
How strict are landlord regulations in Chocowinity, NC?
Chocowinity, NC operates under NC law, which is landlord-friendly overall for landlords. Expect measured treatment in typical lease and eviction cases.
What is the rental occupancy rate in Chocowinity, NC?
Chocowinity, NC vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Does house hacking make sense in Chocowinity, NC?
House hacking in Chocowinity, NC is reasonable to execute. Prices around $298K and rents of $891/mo solid owner-occupant economics.
How much should I expect to pay for a home in Chocowinity, NC?
Expect median prices around $298K in Chocowinity, NC. The market has run at a 0.0% 5-year CAGR, so entry costs have been predictable.
You know 27817 now. You don’t know where it ranks.
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How 27817 ranks in Washington, NC
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