Real Estate Investing in Hatteras, North Carolina (27943)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 27943 (Hatteras, NC)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 64.4% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 26.2 — 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 Hatteras, NC (27943)?
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Market Analysis: 27943 Hatteras
The 27943 ZIP covers a section of Hatteras that demands careful diligence. Prices near $521K look accessible, but the work to make a deal cash flow is real.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 27943 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Within NC, ZIP 27943 trails on several market indicators that neighboring Dare County submarkets outperform. The gap is real and impressive enough to shape underwriting.
Who lives in 27943 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 27943 is an operator game, not a passive one. Meanwhile, entry prices of $521K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Hatteras:
Property Strategy for 27943
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $213,031 | $1,680 | 5.7% | +6.6% | $213,031 |
| 2BR | $405,060 | $1,840 | 3.3% | +8.3% | $202,530 |
| 3BR | $503,456 | $2,340 | 3.3% | +8.4% | $167,819 |
| 4BR | $654,229 | $2,440 | 2.7% | +8.8% | $163,557 |
| 5BR | $1,354,843 | — | — | +9.9% | $270,969 |
Market Trends
Home Value History (with trend line)
📊 How Does 27943 Compare?
| Metric | 27943 | Hatteras | Kill Devil Hills, NC | North Carolina |
|---|---|---|---|---|
| Home Value | $521,428 | $521,428 | N/A | $330,565 |
| 5-Year CAGR | 4.7% | 4.7% | N/A | 7.8% |
| Avg Rent | $1,656 | $1,656 | N/A | - |
| Cap Rate | 2.5% | 2.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 27943 (Hatteras, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $521,428 |
| Monthly Rent | $1,656 |
| Price-to-Rent | 26.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.5% |
| 5-Year IRR | 7.2% |
📈 Home Appreciation
| 1-Year | -1.1% ▼ |
| 3-Year CAGR | +1.3% ▲ |
| 5-Year CAGR | +4.7% ▲ |
| 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%) 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 27943
Population: 381
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
Which investment style suits Hatteras, NC?
Hatteras, NC investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($521K prices, $1,656/mo rents) make it a reasonable choice.
Does Hatteras, NC favor landlords or tenants?
NC ranks as a landlord-friendly state for landlord-tenant law. Hatteras generally follows the statewide framework, so landlords face reasonable operating rules.
What is the average monthly rent in Hatteras, NC?
Average rent in Hatteras, NC is approximately $1,656/mo per month. Against $521K home values that yields a reasonable rent-to-price ratio.
Is it easy to find good tenants in Hatteras, NC?
Working renters make up the core of the Hatteras, NC tenant base. The pool is reasonable for investors targeting long-term holds.
What are vacancy rates like in Hatteras, NC?
Expect elevated vacancy in Hatteras, NC. Rents at $1,656/mo are absorbed by the tenant base without meaningful lag.
You know 27943 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 27943 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 27943 ranks in Kill Devil Hills, NC
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