Real Estate Investing in Gates, North Carolina (27937)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 27937 (Gates, NC)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Higher unemployment: 8.3% unemployment — tenant risk signal.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Gates, NC (27937)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 27937 Gates
Looking more closely, ZIP 27937 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $274K median. It rewards specialists, not generalists.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 27937 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 27937's metrics run below Gates County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The 27937 ZIP's population of 3,122 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that records the need for careful underwriting.
appears to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Gates:
Property Strategy for 27937
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $254,113 | $2,850 | 8.1% | +9.4% | $84,704 |
| 4BR | $316,229 | $3,370 | 7.7% | +7.4% | $79,057 |
Market Trends
Home Value History (with trend line)
📊 How Does 27937 Compare?
| Metric | 27937 | Gates | North Carolina |
|---|---|---|---|
| Home Value | $273,660 | $273,660 | $330,565 |
| 5-Year CAGR | 7.5% | 7.5% | 7.8% |
| Avg Rent | $1,854 | $1,854 | - |
| Cap Rate | 5.3% | 5.3% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 27937 (Gates, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $273,660 |
| Monthly Rent | $1,854 |
| Price-to-Rent | 12.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.1% |
| Cap Rate | 5.3% |
| 5-Year IRR | 12.8% |
📈 Home Appreciation
| 1-Year | +10.2% ▲ |
| 3-Year CAGR | +11.3% ▲ |
| 5-Year CAGR | +7.5% ▲ |
| 10-Year CAGR | +7.8% ▲ |
🏠 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 (5.3%). 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 27937
Population: 3,122
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 27937
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
How much does a house cost in Gates, NC?
In Gates, NC the median home value sits at $274K. Against the broader NC market, that reads as reasonable for most investors.
Which real estate strategy fits Gates, NC?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Gates, NC. The numbers - $274K homes against $1,854/mo rents - support that play.
Are renters plentiful in Gates, NC?
Working renters make up the core of the Gates, NC tenant base. The pool is reasonable for investors targeting long-term holds.
Can owner-occupants cash flow in Gates, NC?
Gates, NC is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $274K price point reasonable to enter.
How does Gates, NC rate as a rental market?
Gates, NC rates 3.0/5 for investability. With median values at $274K and rents near $1,854/mo, the market offers reasonable fundamentals for rental investors.
You know 27937 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 27937 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 27937 ranks in Virginia Beach-Norfolk-Newport News, VA-NC
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