Real Estate Investing in Washington, North Carolina (27889)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 27889 (Washington, NC)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 15.0% of homes vacant — above national norms.
What’s happening in Washington, NC (27889)?
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Market Analysis: 27889 Washington
Investors eyeing 27889 need to respect the fundamentals at play. Home values of $245K come alongside slower price movement and elevated management overhead.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 27889 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Nearby ZIPs in Washington have seen price recovery that 27889 has not matched. Beaufort County data supports the view that the spread is structural rather than temporary.
Demographically, 27889 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 27889 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 Washington:
Property Strategy for 27889
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $159,143 | $990 | 4.5% | +11.2% | $79,571 |
| 3BR | $250,474 | $1,340 | 3.9% | +10.1% | $83,491 |
| 4BR | $334,941 | $1,660 | 3.6% | +9.1% | $83,735 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 27889 Compare?
| Metric | 27889 | Washington | Washington, NC | North Carolina |
|---|---|---|---|---|
| Home Value | $245,149 | $245,149 | N/A | $330,565 |
| 5-Year CAGR | 6.5% | 6.5% | N/A | 7.8% |
| Avg Rent | $1,184 | $1,184 | N/A | - |
| Cap Rate | 3.8% | 3.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 27889 (Washington, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $245,149 |
| Monthly Rent | $1,184 |
| Price-to-Rent | 17.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.8% |
| 5-Year IRR | 10.3% |
📈 Home Appreciation
| 1-Year | +2.8% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 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 (3.8%). 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 27889
Population: 24,568
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 27889
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 1,037 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is housing expensive in Washington, NC?
Washington, NC home values average about $245K. That price point suits investors targeting rentals with $1,184/mo in monthly income.
What is the renter demographic in Washington, NC?
Washington, NC offers a even-keeled renter base at the $1,184/mo rent level. Tenant turnover is reasonable for well-managed properties.
What monthly rent should investors expect in Washington, NC?
Average rent in Washington, NC is approximately $1,184/mo per month. Against $245K home values that yields a reasonable rent-to-price ratio.
Is Washington, NC better for rentals, flips, or BRRRR?
For Washington, NC, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Is Washington, NC a friendly market for rental owners?
Washington, NC falls under NC landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
You know 27889 now. You don’t know where it ranks.
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How 27889 ranks in Washington, NC
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