Real Estate Investing in Pendleton, North Carolina (27862)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 27862 (Pendleton, NC)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 33.2% of homes vacant — above national norms.
- Declining values: -0.3% 5-year CAGR — values have moved lower.
- 1-year downturn: Values declined 6.9% in the last year.
- Higher unemployment: 7.1% unemployment — tenant risk signal.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Pendleton, NC (27862)?
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Market Analysis: 27862 Pendleton
ZIP 27862 in Pendleton, NC carries a impressive set of headwinds. Home values near $123K and rents of $936/mo sit inside a market where underwriting has to be tight.
From an investor standpoint, the numbers look inviting — $123K purchase price, 0.0% nominal cap — the work to hit that pro forma in 27862 is substantial and deserves full respect.
Nearby ZIPs in Pendleton have seen price recovery that 27862 has not matched. Northampton County data supports the view that the spread is structural rather than temporary.
Resident income in 27862 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Distressed ZIPs reward experience. substantial returns are possible in 27862, 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 Pendleton:
Market Trends
Home Value History (with trend line)
📊 How Does 27862 Compare?
| Metric | 27862 | Pendleton | Roanoke Rapids, NC | North Carolina |
|---|---|---|---|---|
| Home Value | $122,688 | $122,688 | N/A | $330,565 |
| 5-Year CAGR | N/A | N/A | N/A | 7.8% |
| Avg Rent | $936 | $936 | N/A | - |
| Cap Rate | 6.0% | 6.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 27862 (Pendleton, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $122,688 |
| Monthly Rent | $936 |
| Price-to-Rent | 10.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.2% |
| Cap Rate | 6.0% |
| 5-Year IRR | 5.7% |
📈 Home Appreciation
| 1-Year | -6.9% ▼ |
| 3-Year CAGR | -0.6% ▼ |
| 5-Year CAGR | -0.3% ▼ |
| 10-Year CAGR | +4.4% ▲ |
🏠 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 (6.0%). 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 27862
Population: 709
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
Frequently Asked Questions
How much does a house cost in Pendleton, NC?
In Pendleton, NC the median home value sits at $123K. Against the broader NC market, that reads as reasonable for most investors.
Is Pendleton, NC good for house hacking?
House hacking in Pendleton, NC is a challenging. With home values around $123K and rents at $936/mo, owner-occupants can offset a meaningful share of PITI.
Is Pendleton, NC a good market for buy-and-hold investors?
Our data puts Pendleton, NC at 3.0/5 for investability. Home prices of $123K and rents around $936/mo create a solid backdrop for investor activity.
Is rental property easy to operate in Pendleton, NC?
The landlord environment in Pendleton, NC is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
What is the average monthly rent in Pendleton, NC?
Rent in Pendleton, NC is around $936/mo. The resulting rent-to-value relationship with $123K pricing is reasonable for most investor models.
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