Real Estate Investing in Frisco, North Carolina (27936)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 27936 (Frisco, 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: 58.1% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 26.3 — hard to cash-flow at these prices.
• 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 Frisco, NC (27936)?
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Market Analysis: 27936 Frisco
ZIP 27936 inside Dare County looks affordable on the surface — median value of $523K — but the discount exists for reasons that a careful buyer should understand before committing.
For an experienced owner, 27936 can be a a solid fit for hunting ground — but the discount at $523K reflects genuine risk that outside investors often underestimate.
ZIP 27936's metrics run below Dare County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The 27936 ZIP's population of 613 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that posts the need for careful underwriting.
The 27936 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 Frisco:
Property Strategy for 27936
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $375,414 | $1,840 | 3.5% | +8.9% | $187,707 |
| 3BR | $481,926 | $2,340 | 3.5% | +9.5% | $160,642 |
| 4BR | $657,165 | $2,440 | 2.7% | +9.9% | $164,291 |
Market Trends
Home Value History (with trend line)
📊 How Does 27936 Compare?
| Metric | 27936 | Frisco | Kill Devil Hills, NC | North Carolina |
|---|---|---|---|---|
| Home Value | $523,004 | $494,042 | N/A | $330,565 |
| 5-Year CAGR | 5.8% | 5.5% | N/A | 7.8% |
| Avg Rent | $1,656 | $1,472 | N/A | - |
| Cap Rate | 2.5% | 2.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 27936 (Frisco, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $523,004 |
| Monthly Rent | $1,656 |
| Price-to-Rent | 26.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.5% |
| 5-Year IRR | 8.2% |
📈 Home Appreciation
| 1-Year | +1.7% ▲ |
| 3-Year CAGR | +1.8% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +6.3% ▲ |
🏠 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 (2.5%). 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 27936
Population: 613
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
How should investors approach Frisco, NC?
A careful cash-flow rentals with hands-on management strategy Frisco, NC best. The market produces predictable results for that approach at the $523K price point.
How deep is the rental pool in Frisco, NC?
Working renters make up the core of the Frisco, NC tenant base. The pool is reasonable for investors targeting long-term holds.
Is rental property easy to operate in Frisco, NC?
NC ranks as a landlord-friendly state for landlord-tenant law. Frisco generally follows the statewide framework, so landlords face reasonable operating rules.
Does Frisco, NC make sense for an investment property?
Frisco, NC clocks in at an investability rating of 3.0/5, with median home values near $523K and average rents around $1,656/mo. That combination puts it in the notable tier for investor interest.
Can owner-occupants cash flow in Frisco, NC?
The house hack math a challenging in Frisco, NC. Owner-occupant buyers benefit from the $1,656/mo rents and $523K home values.
You know 27936 now. You don’t know where it ranks.
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How 27936 ranks in Kill Devil Hills, NC
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