Real Estate Investing in Plymouth, North Carolina (27962)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 27962 (Plymouth, NC)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 18.0% of homes vacant — above national norms.
- Lower household income: $37,161 median — tenant affordability is tighter.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Plymouth, NC (27962)?
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Market Analysis: 27962 Plymouth
The 27962 ZIP in Plymouth, NC is a local-operator market. Outside capital chasing a $107K entry has to pair deep knowledge with the discount.
The 27962 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
The gap between 27962 and stronger Plymouth ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
From an investor standpoint, 7,015 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The 27962 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 Plymouth:
Market Trends
Home Value History (with trend line)
📊 How Does 27962 Compare?
| Metric | 27962 | Plymouth | Washington, NC | North Carolina |
|---|---|---|---|---|
| Home Value | $106,949 | $106,949 | N/A | $330,565 |
| 5-Year CAGR | 3.4% | 3.4% | N/A | 7.8% |
| Avg Rent | $837 | $837 | N/A | - |
| Cap Rate | 6.1% | 6.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 27962 (Plymouth, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $106,949 |
| Monthly Rent | $837 |
| Price-to-Rent | 10.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.4% |
| Cap Rate | 6.1% |
| 5-Year IRR | 9.5% |
📈 Home Appreciation
| 1-Year | +4.9% ▲ |
| 3-Year CAGR | +1.8% ▲ |
| 5-Year CAGR | +3.4% ▲ |
| 10-Year CAGR | +5.3% ▲ |
🏠 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 (6.1%). 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 27962
Population: 7,015
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 27962
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
How much should I expect to pay for a home in Plymouth, NC?
Plymouth, NC home values average about $107K. That price point suits investors targeting rentals with $837/mo in monthly income.
What is the typical vacancy rate in Plymouth, NC?
Expect elevated vacancy in Plymouth, NC. Rents at $837/mo are absorbed by the tenant base without meaningful lag.
What is the renter demographic in Plymouth, NC?
The renter base in Plymouth, NC is reasonable for the $837/mo price point. Screening well and pricing to market typically yields stable tenants.
Are rents high in Plymouth, NC?
Average rent in Plymouth, NC is approximately $837/mo per month. Against $107K home values that yields a reasonable rent-to-price ratio.
Does a duplex house hack pencil in Plymouth, NC?
House hacking works a challenging in Plymouth, NC. Rents of $837/mo against $107K acquisition make the strategy solid for owner-occupants.
You know 27962 now. You don’t know where it ranks.
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How 27962 ranks in Washington, NC
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