Real Estate Investing in Corapeake, North Carolina (27926)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 27926 (Corapeake, 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: 17.0% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Corapeake, NC (27926)?
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Market Analysis: 27926 Corapeake
The 27926 ZIP in Corapeake, NC is a local-operator market. Outside capital chasing a $291K entry has to pair deep knowledge with the discount.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 27926 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 27926's metrics run below Gates County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Who lives in 27926 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategy in 27926 is an operator game, not a passive one. Turning to rents, entry prices of $291K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Corapeake:
Market Trends
Home Value History (with trend line)
📊 How Does 27926 Compare?
| Metric | 27926 | Corapeake | North Carolina |
|---|---|---|---|
| Home Value | $290,802 | $290,802 | $330,565 |
| 5-Year CAGR | 5.3% | 5.3% | 7.8% |
| Avg Rent | $1,746 | $1,746 | - |
| Cap Rate | 4.7% | 4.7% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 27926 (Corapeake, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $290,802 |
| Monthly Rent | $1,746 |
| Price-to-Rent | 13.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.2% |
| Cap Rate | 4.7% |
| 5-Year IRR | 10.0% |
📈 Home Appreciation
| 1-Year | +7.2% ▲ |
| 3-Year CAGR | +9.5% ▲ |
| 5-Year CAGR | +5.3% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 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 (4.7%). 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 27926
Population: 1,881
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
Frequently Asked Questions
What is the typical home price in Corapeake, NC?
Homes in Corapeake, NC typically sell near $291K. Prices have moved at a 0.0% 5-year CAGR, which stable long-term demand.
How should investors approach Corapeake, NC?
Most investors in Corapeake, NC run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Are tenants stable in Corapeake, NC?
Working renters make up the core of the Corapeake, NC tenant base. The pool is reasonable for investors targeting long-term holds.
Is Corapeake, NC good for house hacking?
The house hack math a challenging in Corapeake, NC. Owner-occupant buyers benefit from the $1,746/mo rents and $291K home values.
How do landlord-tenant laws work in Corapeake, NC?
NC law landlord-friendly for landlords, and Corapeake inherits those rules. Investors should still review local ordinances for rental licensing.
You know 27926 now. You don’t know where it ranks.
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How 27926 ranks in Virginia Beach-Norfolk-Newport News, VA-NC
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