Real Estate Investing in Fountain, North Carolina (27829)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 27829 (Fountain, 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.
- High vacancy: 15.3% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Fountain, NC (27829)?
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Market Analysis: 27829 Fountain
The 27829 ZIP covers a section of Fountain that demands careful diligence. Prices near $187K look accessible, but the work to make a deal cash flow is real.
Rent of $891/mo on a $187K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 27829 sits below the stated 0.0% once reality is priced in.
The gap between 27829 and stronger Fountain ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Employment concentration in 27829 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Distressed ZIPs reward experience. impressive returns are possible in 27829, 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 Fountain:
Property Strategy for 27829
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $126,140 | $990 | 5.7% | +10.8% | $63,070 |
| 3BR | $180,631 | $1,340 | 5.3% | +8.0% | $60,210 |
Market Trends
Home Value History (with trend line)
📊 How Does 27829 Compare?
| Metric | 27829 | Fountain | North Carolina |
|---|---|---|---|
| Home Value | $186,844 | $186,844 | $330,565 |
| 5-Year CAGR | 6.3% | 6.3% | 7.8% |
| Avg Rent | $891 | $891 | - |
| Cap Rate | 3.7% | 3.7% | - |
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 27829 (Fountain, NC). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 27829 (Fountain, NC)?
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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 | $186,844 |
| Monthly Rent | $891 |
| Price-to-Rent | 17.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 10.0% |
📈 Home Appreciation
| 1-Year | +2.6% ▲ |
| 3-Year CAGR | +2.7% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 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 (3.7%). 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 27829
Population: 1,525
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
🎓 Nearby Colleges & Universities
Investor Insight: With 926 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the renter demographic in Fountain, NC?
Tenant quality in Fountain, NC ranks as solid. Landlords generally report stable occupancy at market rents of $891/mo.
Is Fountain, NC good for landlords?
For rental operators, Fountain, NC rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
How much does a house cost in Fountain, NC?
Homes in Fountain, NC typically sell near $187K. Prices have moved at a 0.0% 5-year CAGR, which measured long-term demand.
How much is rent in Fountain, NC?
Fountain, NC rentals go for roughly $891/mo a month. That puts gross yield in solid territory relative to $187K acquisition costs.
What kind of vacancy should I budget for in Fountain, NC?
Occupancy in Fountain, NC runs stable with elevated vacancy. Well-priced units at $891/mo lease on reasonable timelines.
You know 27829 now. You don’t know where it ranks.
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