Real Estate Investing in Farmville, North Carolina (27828)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 27828 (Farmville, NC)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 8.9% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Farmville, NC (27828)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 27828 Farmville
This part of Pitt County is not an easy win. The 27828 ZIP shows softness in key indicators, and the playbook that works in cleaner markets often stalls here.
For an experienced owner, 27828 can be a a viable market for hunting ground — but the discount at $208K reflects genuine risk that outside investors often underestimate.
Within NC, ZIP 27828 trails on several market indicators that neighboring Pitt County submarkets outperform. The gap is real and significant enough to shape underwriting.
A sturdy renter share of 33% in 27828 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The right play in 27828 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Farmville:
Property Strategy for 27828
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $127,336 | $1,070 | 6.1% | +11.4% | $63,668 |
| 3BR | $205,530 | $1,420 | 5.0% | +9.1% | $68,510 |
| 4BR | $293,796 | $1,770 | 4.3% | +9.5% | $73,449 |
Market Trends
Home Value History (with trend line)
📊 How Does 27828 Compare?
| Metric | 27828 | Farmville | Greenville, NC | North Carolina |
|---|---|---|---|---|
| Home Value | $208,481 | $208,481 | N/A | $330,565 |
| 5-Year CAGR | 6.5% | 6.5% | N/A | 7.8% |
| Avg Rent | $963 | $963 | N/A | - |
| Cap Rate | 3.6% | 3.6% | - | - |
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 27828 (Farmville, NC). Anonymous, moderated, never written by AI.
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Property managers serving Pitt County
Manage rentals here? List your business →Flagship Realty Group offers residential and multi-family property management services in Greenville, NC, including marketing, screening, and rent collection. summary from their website
Russell Property Management helps homeowners associations, investment property owners, and residents find homes in Greenville, NC, including near ECU campus. summary from their website
East Carolina Property Management provides property management with a personal touch. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $208,481 |
| Monthly Rent | $963 |
| Price-to-Rent | 18.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 10.1% |
📈 Home Appreciation
| 1-Year | +3.2% ▲ |
| 3-Year CAGR | +3.1% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 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 (3.6%). 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 27828
Population: 8,155
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 27828
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 4,323 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How strong is Farmville, NC for real estate investors?
Farmville, NC rates 3.0/5 for investability. With median values at $208K and rents near $963/mo, the market offers reasonable fundamentals for rental investors.
Are rents high in Farmville, NC?
Rents in Farmville, NC run near $963/mo. Compared with median home prices of $208K that produces solid gross yields for typical rentals.
How high is vacancy risk in Farmville, NC?
Vacancy risk in Farmville, NC is elevated. That supports measured cash flow for typical rental holds.
How much does a house cost in Farmville, NC?
In Farmville, NC the median home value sits at $208K. Against the broader NC market, that reads as reasonable for most investors.
What is the best play in Farmville, NC?
Farmville, NC investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($208K prices, $963/mo rents) make it a reasonable choice.
You know 27828 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 27828 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 27828 ranks in Greenville, NC
Every ZIP in this metro, ranked. Free.
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