Real Estate Investing in Colerain, North Carolina (27924)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 27924 (Colerain, NC)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 19.4% of homes vacant — above national norms.
- Declining values: -1.7% 5-year CAGR — values have moved lower.
- Lower household income: $38,864 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 Colerain, NC (27924)?
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Market Analysis: 27924 Colerain
Investors scanning Colerain, NC for forced-equity plays often land on the 27924 ZIP. A an appealing option for entry near $70K pairs with rents of $945/mo to widen the renovation window.
Value-add is the defining thesis in 27924. Homes trade near $70K, well below the state median, and rehabbed comps tend to clear meaningfully higher — a classic forced-equity setup.
In Bertie, 27924 is part of the operational map, not the passive one. The spread between median price and renovated comp reflects the work available.
Residents in 27924 skew younger than the county average, and that matters for rehab positioning. Younger renters respond to finishes, appliances, and in-unit laundry in ways that move rent.
ZIP 27924 fits investors who can swing a hammer — or pay someone to swing one well. BRRRR, fix-and-flip, and fix-and-hold all work when the rehab scope is matched to the rent lift.
Here's what matters if you're considering buying a home in Colerain:
Market Trends
Home Value History (with trend line)
📊 How Does 27924 Compare?
| Metric | 27924 | Colerain | North Carolina |
|---|---|---|---|
| Home Value | $69,599 | $69,599 | $330,565 |
| 5-Year CAGR | N/A | N/A | 7.8% |
| Avg Rent | $945 | $945 | - |
| Cap Rate | 10.6% | 10.6% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 27924 (Colerain, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $69,599 |
| Monthly Rent | $945 |
| Price-to-Rent | 6.1:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 16.3% |
| Cap Rate | 10.6% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | -1.2% ▼ |
| 3-Year CAGR | -3.8% ▼ |
| 5-Year CAGR | -1.7% ▼ |
| 10-Year CAGR | +2.8% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (10.6%) exceeds the current 30-yr mortgage rate (6.8%). When borrowing costs less than a property yields, leverage can increase your cash-on-cash return above the cap rate.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 27924
Population: 2,183
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 27924
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.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Should investors consider Colerain, NC?
Investors tracking Colerain, NC will find a 4.0/5 rating supported by $70K median home values and $945/mo rents. That profile suits long-term holders targeting consistent returns.
Can I house hack in Colerain, NC?
For house hackers, Colerain, NC is an attractive. The $945/mo rent on a unit helps defray the mortgage on a $70K property.
What monthly rent should investors expect in Colerain, NC?
Expect rents around $945/mo per month in Colerain, NC. With home values at $70K, the yield math works out to reasonable levels for rental investors.
How should investors approach Colerain, NC?
Investors who focus on value-add and BRRRR deals typically do well in Colerain, NC. The numbers - $70K homes against $945/mo rents - support that play.
How well does BRRRR work in Colerain, NC?
BRRRR in Colerain, NC is a strong. The interplay of $70K values and $945/mo rents creates reasonable refinance conditions.
You know 27924 now. You don’t know where it ranks.
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