Real Estate Investing in Elm City, North Carolina (27822)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 27822 (Elm City, 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.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Elm City, NC (27822)?
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Market Analysis: 27822 Elm City
The 27822 ZIP covers a section of Elm City that demands careful diligence. Prices near $234K look accessible, but the work to make a deal cash flow is real.
Turning to rents, the numbers look inviting — $234K purchase price, 0.0% nominal cap — the work to hit that pro forma in 27822 is substantial and deserves full respect.
ZIP 27822's metrics run below Wilson County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The 27822 ZIP's population of 7,745 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. solid returns are possible in 27822, 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 Elm City:
Property Strategy for 27822
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $151,290 | $980 | 4.7% | +10.5% | $75,645 |
| 3BR | $232,285 | $1,320 | 4.1% | +9.0% | $77,428 |
| 4BR | $359,328 | $1,530 | 3.1% | +8.7% | $89,832 |
Market Trends
Home Value History (with trend line)
📊 How Does 27822 Compare?
| Metric | 27822 | Elm City | Wilson, NC | North Carolina |
|---|---|---|---|---|
| Home Value | $233,707 | $233,707 | N/A | $330,565 |
| 5-Year CAGR | 6.5% | 6.5% | N/A | 7.8% |
| Avg Rent | $882 | $882 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
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 27822 (Elm City, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $233,707 |
| Monthly Rent | $882 |
| Price-to-Rent | 22.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 9.4% |
📈 Home Appreciation
| 1-Year | +2.8% ▲ |
| 3-Year CAGR | +2.5% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 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 (2.9%). 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 27822
Population: 7,745
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 27822
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 1,606 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is vacancy a concern in Elm City, NC?
Expect elevated vacancy in Elm City, NC. Rents at $882/mo are absorbed by the tenant base without meaningful lag.
Where do rents currently stand in Elm City, NC?
Investors in Elm City, NC typically see rents near $882/mo per month against $234K home values - a solid setup for rental cash flow.
Is Elm City, NC landlord-friendly?
NC ranks as a landlord-friendly state for landlord-tenant law. Elm City generally follows the statewide framework, so landlords face reasonable operating rules.
Is Elm City, NC a good market for FHA house hackers?
Elm City, NC is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $234K price point reasonable to enter.
How strong is Elm City, NC for real estate investors?
Elm City, NC rates 3.0/5 for investability. With median values at $234K and rents near $882/mo, the market offers reasonable fundamentals for rental investors.
You know 27822 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 27822 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 27822 ranks in Wilson, NC
Every ZIP in this metro, ranked. Free.
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