Real Estate Investing in Roanoke Rapids, North Carolina (27870)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 27870 (Roanoke Rapids, 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.
- Elevated vacancy: 11.4% vacancy may signal weakening demand.
- Elevated poverty: 20.3% poverty rate — can affect rent collection.
What’s happening in Roanoke Rapids, NC (27870)?
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Market Analysis: 27870 Roanoke Rapids
ZIP 27870 inside Halifax County looks affordable on the surface — median value of $124K — but the discount exists for reasons that a careful buyer should understand before committing.
On balance, the numbers look inviting — $124K purchase price, 0.0% nominal cap — the work to hit that pro forma in 27870 is substantial and deserves full respect.
The gap between 27870 and stronger Roanoke Rapids ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Employment concentration in 27870 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 27870 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Roanoke Rapids:
Property Strategy for 27870
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $82,619 | $950 | 8.3% | +7.8% | $41,309 |
| 3BR | $141,580 | $1,220 | 6.2% | +8.9% | $47,193 |
| 4BR | $239,621 | $1,400 | 4.2% | +8.4% | $59,905 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 27870 Compare?
| Metric | 27870 | Roanoke Rapids | Roanoke Rapids, NC | North Carolina |
|---|---|---|---|---|
| Home Value | $123,619 | $123,619 | N/A | $330,565 |
| 5-Year CAGR | 5.2% | 5.2% | N/A | 7.8% |
| Avg Rent | $997 | $997 | N/A | - |
| Cap Rate | 6.3% | 6.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 27870 (Roanoke Rapids, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $123,619 |
| Monthly Rent | $997 |
| Price-to-Rent | 10.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.7% |
| Cap Rate | 6.3% |
| 5-Year IRR | 11.5% |
📈 Home Appreciation
| 1-Year | +6.5% ▲ |
| 3-Year CAGR | +3.2% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 10-Year CAGR | +5.7% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (6.3%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 27870
Population: 24,778
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 27870
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
Frequently Asked Questions
Which real estate strategy fits Roanoke Rapids, NC?
For Roanoke Rapids, NC, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Does Roanoke Rapids, NC favor landlords or tenants?
Roanoke Rapids, NC falls under NC landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
How much rent can I charge in Roanoke Rapids, NC?
Average rent in Roanoke Rapids, NC is approximately $997/mo per month. Against $124K home values that yields a reasonable rent-to-price ratio.
What is the tenant pool like in Roanoke Rapids, NC?
Roanoke Rapids, NC draws a consistent base of working renters. Demand at the $997/mo rent level is reasonable for standard single-family and small multi rentals.
How high is vacancy risk in Roanoke Rapids, NC?
Roanoke Rapids, NC sees elevated vacancy, which is reasonable relative to the broader NC rental market.
You know 27870 now. You don’t know where it ranks.
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How 27870 ranks in Roanoke Rapids, NC
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