Real Estate Investing in Lucama, North Carolina (27851)
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Should you buy in 27851 (Lucama, 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: 8.1% 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 Lucama, NC (27851)?
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Market Analysis: 27851 Lucama
The 27851 ZIP in Lucama, NC is a local-operator market. Outside capital chasing a $209K entry has to pair deep knowledge with the discount.
The investment case in 27851 is notable only for operators who understand what they are buying. A $209K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Within NC, ZIP 27851 trails on several market indicators that neighboring Wilson County submarkets outperform. The gap is real and substantial enough to shape underwriting.
The demographic picture in 27851 includes headwinds that any investor should price in. Income distribution skews lower than Lucama averages, and tenant stability requires active management.
Strategy in 27851 is an operator game, not a passive one. Meanwhile, entry prices of $209K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Lucama:
Property Strategy for 27851
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $135,418 | $1,070 | 5.7% | +8.0% | $67,709 |
| 3BR | $229,364 | $1,320 | 4.1% | +10.0% | $76,455 |
Market Trends
Home Value History (with trend line)
📊 How Does 27851 Compare?
| Metric | 27851 | Lucama | Wilson, NC | North Carolina |
|---|---|---|---|---|
| Home Value | $209,444 | $209,444 | N/A | $330,565 |
| 5-Year CAGR | 5.9% | 5.9% | 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 27851 (Lucama, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $209,444 |
| Monthly Rent | $963 |
| Price-to-Rent | 18.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 9.5% |
📈 Home Appreciation
| 1-Year | +2.2% ▲ |
| 3-Year CAGR | +2.4% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 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 27851
Population: 5,366
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 27851
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 763 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are tenants stable in Lucama, NC?
Working renters make up the core of the Lucama, NC tenant base. The pool is reasonable for investors targeting long-term holds.
What is the investability score for Lucama, NC?
Yes - Lucama, NC a 3.0/5 investability score. With $209K home prices against $963/mo monthly rent, the market delivers a reasonable entry point for new investors.
How much does a house cost in Lucama, NC?
Homes in Lucama, NC typically sell near $209K. Prices have moved at a 0.0% 5-year CAGR, which measured long-term demand.
Can I live-in-and-rent in Lucama, NC?
The house hack math a challenging in Lucama, NC. Owner-occupant buyers benefit from the $963/mo rents and $209K home values.
How strong are rents in Lucama, NC?
The typical rental in Lucama, NC commands about $963/mo monthly. That rent profile even-keeled cash flow against the $209K purchase basis.
You know 27851 now. You don’t know where it ranks.
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How 27851 ranks in Wilson, NC
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