Real Estate Investing in Grimesland, North Carolina (27837)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 27837 (Grimesland, 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: 8.8% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 30.5 — 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 Grimesland, NC (27837)?
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Market Analysis: 27837 Grimesland
Stepping back, ZIP 27837 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $326K median. It rewards specialists, not generalists.
The 27837 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Put differently, 27837 offers a low basis, the region around Grimesland has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Employment concentration in 27837 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategy in 27837 is an operator game, not a passive one. From a cash-flow lens, entry prices of $326K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Grimesland:
Property Strategy for 27837
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $151,491 | $990 | 4.7% | +9.4% | $75,745 |
| 3BR | $275,665 | $1,340 | 3.5% | +9.2% | $91,888 |
| 4BR | $459,068 | $1,660 | 2.6% | +7.8% | $114,767 |
Market Trends
Home Value History (with trend line)
📊 How Does 27837 Compare?
| Metric | 27837 | Grimesland | Greenville, NC | North Carolina |
|---|---|---|---|---|
| Home Value | $325,899 | $325,899 | N/A | $330,565 |
| 5-Year CAGR | 7.1% | 7.1% | N/A | 7.8% |
| Avg Rent | $891 | $891 | N/A | - |
| Cap Rate | 2.1% | 2.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 27837 (Grimesland, 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 | $325,899 |
| Monthly Rent | $891 |
| Price-to-Rent | 30.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.3% |
| Cap Rate | 2.1% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +6.1% ▲ |
| 3-Year CAGR | +4.6% ▲ |
| 5-Year CAGR | +7.1% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 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 (2.1%). 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 27837
Population: 6,537
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 27837
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 5,360 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Do rentals sit vacant long in Grimesland, NC?
Occupancy in Grimesland, NC runs stable with elevated vacancy. Well-priced units at $891/mo lease on reasonable timelines.
What type of investing works in Grimesland, NC?
Most investors in Grimesland, NC run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Is housing expensive in Grimesland, NC?
Typical homes in Grimesland, NC go for around $326K. The 5-year CAGR of 0.0% consistent price movement.
How landlord-friendly is Grimesland, NC?
NC law landlord-friendly for landlords, and Grimesland inherits those rules. Investors should still review local ordinances for rental licensing.
Is it easy to find good tenants in Grimesland, NC?
Grimesland, NC offers a stable renter base at the $891/mo rent level. Tenant turnover is reasonable for well-managed properties.
You know 27837 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 27837 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 27837 ranks in Greenville, NC
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