Real Estate Investing in Manteo, North Carolina (27954)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 27954 (Manteo, 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: 19.7% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 33.7 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Manteo, NC (27954)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 27954 Manteo
This part of Dare County is not an easy win. The 27954 ZIP records softness in key indicators, and the playbook that works in cleaner markets often stalls here.
For an experienced owner, 27954 can be a a credible choice for hunting ground — but the discount at $517K reflects genuine risk that outside investors often underestimate.
ZIP 27954'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.
A solid renter share of 23% in 27954 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Distressed ZIPs reward experience. substantial returns are possible in 27954, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Manteo:
Property Strategy for 27954
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $339,336 | $1,300 | 2.8% | +7.6% | $339,336 |
| 2BR | $386,468 | $1,420 | 2.6% | +9.8% | $193,234 |
| 3BR | $492,903 | $1,810 | 2.6% | +9.0% | $164,301 |
| 4BR | $728,430 | $1,880 | 1.9% | +10.0% | $182,107 |
| 5BR | $1,016,747 | — | — | +10.1% | $203,349 |
Market Trends
Home Value History (with trend line)
📊 How Does 27954 Compare?
| Metric | 27954 | Manteo | Kill Devil Hills, NC | North Carolina |
|---|---|---|---|---|
| Home Value | $516,962 | $516,962 | N/A | $330,565 |
| 5-Year CAGR | 5.0% | 5.0% | N/A | 7.8% |
| Avg Rent | $1,278 | $1,278 | N/A | - |
| Cap Rate | 1.9% | 1.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 27954 (Manteo, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $516,962 |
| Monthly Rent | $1,278 |
| Price-to-Rent | 33.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.0% |
| Cap Rate | 1.9% |
| 5-Year IRR | 7.0% |
📈 Home Appreciation
| 1-Year | +0.1% ▲ |
| 3-Year CAGR | +1.0% ▲ |
| 5-Year CAGR | +5.0% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 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 (1.9%). 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 27954
Population: 7,080
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 27954
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.
Frequently Asked Questions
What are home prices like in Manteo, NC?
Homes in Manteo, NC typically sell near $517K. Prices have moved at a 0.0% 5-year CAGR, which consistent long-term demand.
Are tenants stable in Manteo, NC?
The tenant pool in Manteo, NC is solid, supported by local employment and population fundamentals. Rents of $1,278/mo are well-absorbed by the market.
How much do tenants pay in Manteo, NC?
Investors in Manteo, NC typically see rents near $1,278/mo per month against $517K home values - a solid setup for rental cash flow.
Does house hacking make sense in Manteo, NC?
For house hackers, Manteo, NC is a challenging. The $1,278/mo rent on a unit helps defray the mortgage on a $517K property.
How strict are landlord regulations in Manteo, NC?
Manteo, NC falls under NC landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
You know 27954 now. You don’t know where it ranks.
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How 27954 ranks in Kill Devil Hills, NC
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