Real Estate Investing in Pikeville, North Carolina (27863)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 27863 (Pikeville, NC)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Pikeville, NC (27863)?
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Market Analysis: 27863 Pikeville
This part of Wayne County is not an easy win. The 27863 ZIP reflects softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The investment case in 27863 is significant only for operators who understand what they are buying. A $248K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader NC picture, 27863 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Demographically, 27863 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The right play in 27863 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 Pikeville:
Property Strategy for 27863
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $133,097 | $1,350 | 7.3% | +6.8% | $66,549 |
| 3BR | $262,909 | $1,660 | 4.5% | +8.3% | $87,636 |
| 4BR | $345,901 | $2,200 | 4.6% | +6.8% | $86,475 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 27863 Compare?
| Metric | 27863 | Pikeville | Goldsboro, NC | North Carolina |
|---|---|---|---|---|
| Home Value | $247,770 | $247,770 | N/A | $330,565 |
| 5-Year CAGR | 5.6% | 5.6% | N/A | 7.8% |
| Avg Rent | $1,625 | $1,625 | N/A | - |
| Cap Rate | 5.1% | 5.1% | - | - |
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 27863 (Pikeville, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $247,770 |
| Monthly Rent | $1,625 |
| Price-to-Rent | 12.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.9% |
| Cap Rate | 5.1% |
| 5-Year IRR | 10.8% |
📈 Home Appreciation
| 1-Year | +4.0% ▲ |
| 3-Year CAGR | +3.2% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 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 (5.1%). 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 27863
Population: 13,401
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 27863
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 983 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much is rent in Pikeville, NC?
Investors in Pikeville, NC typically see rents near $1,625/mo per month against $248K home values - a solid setup for rental cash flow.
What kind of vacancy should I budget for in Pikeville, NC?
Pikeville, NC carries elevated vacancy risk. Expect steady absorption at market rents of $1,625/mo.
Is Pikeville, NC a good market for buy-and-hold investors?
With a 3.0/5 investability score, Pikeville, NC ranks as a solid market for rental property investors. Median prices of $248K and rents of $1,625/mo drive the underlying numbers.
What is the typical renter like in Pikeville, NC?
The tenant pool in Pikeville, NC is solid, supported by local employment and population fundamentals. Rents of $1,625/mo are well-absorbed by the market.
What are home prices like in Pikeville, NC?
Expect median prices around $248K in Pikeville, NC. The market has run at a 0.0% 5-year CAGR, so entry costs have been stable.
You know 27863 now. You don’t know where it ranks.
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How 27863 ranks in Goldsboro, NC
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