Real Estate Investing in Enfield, North Carolina (27823)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 27823 (Enfield, NC)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 23.8% of homes vacant — above national norms.
- Elevated poverty: 25.3% poverty rate — can affect rent collection.
- Lower household income: $31,857 median — tenant affordability is tighter.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Enfield, NC (27823)?
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Market Analysis: 27823 Enfield
Homes in the 27823 ZIP trade near $74K, a discount that has historically rewarded investors willing to renovate. Rent comps near $837/mo support the pro forma.
Flippers and value-add operators have treated 27823 as a working ZIP for a reason. Entry prices around $74K and a deep rental base of 38% renters underpin the exit strategy on both the sale and rent sides.
Relative to NC, 27823 reads as a working-capital ZIP — prices below average, renter share elevated at 38%, and room for operator-led upside.
The a strong candidate for angle on demographics here is renter willingness to pay a premium for renovated product. The 38% rental share provides scale for the strategy.
The strategy in 27823 is forced equity, not market equity. Put differently, entry prices are accommodating at $74K, the returns sit in the renovation budget, not the holding period.
Here's what matters if you're considering buying a home in Enfield:
Property Strategy for 27823
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $40,410 | $930 | 16.6% | +3.1% | $20,205 |
| 3BR | $88,159 | $1,200 | 9.8% | +6.9% | $29,386 |
| 4BR | $156,295 | $1,370 | 6.3% | +9.4% | $39,074 |
Market Trends
Home Value History (with trend line)
📊 How Does 27823 Compare?
| Metric | 27823 | Enfield | Roanoke Rapids, NC | North Carolina |
|---|---|---|---|---|
| Home Value | $73,533 | $73,533 | N/A | $330,565 |
| 5-Year CAGR | 1.7% | 1.7% | N/A | 7.8% |
| Avg Rent | $837 | $837 | N/A | - |
| Cap Rate | 8.9% | 8.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 27823 (Enfield, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $73,533 |
| Monthly Rent | $837 |
| Price-to-Rent | 7.3:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 13.7% |
| Cap Rate | 8.9% |
| 5-Year IRR | 10.6% |
📈 Home Appreciation
| 1-Year | +12.0% ▲ |
| 3-Year CAGR | -1.0% ▼ |
| 5-Year CAGR | +1.7% ▲ |
| 10-Year CAGR | +5.3% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (8.9%) exceeds the current 30-yr mortgage rate (6.8%). When borrowing costs less than a property yields, leverage can increase your cash-on-cash return above the cap rate.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 27823
Population: 6,498
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 27823
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
Frequently Asked Questions
Are 1% rule properties available in Enfield, NC?
The 1% rule in Enfield, NC is reasonable to achieve. Rent-to-price at the median ($837/mo on $74K) lands around 1.14%.
Which investment style suits Enfield, NC?
In Enfield, NC the solid play is typically value-add and BRRRR deals. The combination of $74K prices and $837/mo rents suits that approach.
What are home prices like in Enfield, NC?
In Enfield, NC the median home value sits at $74K. Against the broader NC market, that reads as reasonable for most investors.
Is Enfield, NC a good market for FHA house hackers?
The house hack math an attractive in Enfield, NC. Owner-occupant buyers benefit from the $837/mo rents and $74K home values.
What is the investability score for Enfield, NC?
The 4.0/5 investability rating in Enfield, NC reflects its $74K prices and $837/mo rents. Investors generally consider it a solid option within NC.
You know 27823 now. You don’t know where it ranks.
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How 27823 ranks in Roanoke Rapids, NC
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