Real Estate Investing in Shawboro, North Carolina (27973)

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

Currituck County • Population: 1,422 • Data updated: September 2026

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Should you buy in 27973 (Shawboro, NC)? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (64/100)

Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
2 flags
  • Elevated poverty: 29.9% poverty rate — can affect rent collection.
  • High price-to-rent: Price-to-rent ratio 25.7 — 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 Shawboro, NC (27973)?

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3.0/ 5

Investability

Overall investment appeal

3.0/ 5

Appreciation

Long-term value growth

3.0/ 5

Cashflow ROI

Rental yield potential

Avg Home Value $405,151
Avg Monthly Rent $1,314
1% Rule ✗ Does Not Meet
Median Income $68,214
% Renters 23.2%

Market Analysis: 27973 Shawboro

The 27973 ZIP in Shawboro, NC is a local-operator market. Outside capital chasing a $405K entry has to pair deep knowledge with the discount.

For an experienced owner, 27973 can be a an appealing option for hunting ground — but the discount at $405K reflects genuine risk that outside investors often underestimate.

Statewide comparisons place 27973 among NC's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.

Who lives in 27973 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.

Experienced landlords with local relationships tend to find 27973 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.

Explore the Data — Click a Tab Below
🏦 Current 30-yr Fixed Mortgage Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS

Here's what matters if you're considering buying a home in Shawboro:

C+ Average
Buy Confidence Score: 62/100
Affordability
10/25
Appreciation
22/25
Stability
7/20
Timing
8/15
Rental backup
15/15
Affordability
Expensive
Homes cost 5.9× the median income
Value Trend
Rising (+4.7%)
How home values changed in the past year
Rental Backup
Strong
Could rent for $1,314/mo if you need to move
Market Conditions
BALANCED
Even conditions for buyers and sellers
Bottom Line: Mixed signals in this market. Research specific properties carefully and be prepared to negotiate.
🏠

Property Strategy for 27973

Which property type performs best in this market?

Best for Cash Flow
3BR
3.9% cap rate
Best for Appreciation
3BR
+8.4% 5yr CAGR
Best Overall Value
4BR
$120,596/bedroom
📊 Compare All Property Types →
Type Median Value Est. Rent Cap Rate 5yr CAGR $/Bedroom
3BR $376,278 $2,020 3.9% +8.4% $125,426
4BR $482,382 $2,410 3.6% +7.5% $120,596

Market Trends

Home Value History (with trend line)

$423K$371K$319K$268K$216K$164KJul 2006Jul 2016Jul 2026

📊 How Does 27973 Compare?

Metric 27973 Shawboro North Carolina
Home Value $405,151 $372,285 $330,565
5-Year CAGR 5.7% 7.0% 7.8%
Avg Rent $1,314 $1,287 -
Cap Rate 2.5% 2.7% -
💡 Why Invest in 27973? Click to expand

With a 3/5 investability rating, this ZIP shows solid fundamentals for buy-and-hold investors.

📊 See where this ZIP ranks in our Best-of lists →
A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

Real numbers from people who own or manage rentals in ZIP 27973 (Shawboro, NC). Anonymous, moderated, never written by AI.

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Investability
Good
Cap Rate
2.5%
Low
5yr Growth
+5.7%
Moderate

📊 Market Snapshot

Home Value $405,151
Monthly Rent $1,314
Price-to-Rent 25.7:1
1% Rule ✗ Fails

💰 Return Metrics

Gross Yield 3.9%
Cap Rate 2.5%
5-Year IRR 8.3%

📈 Home Appreciation

1-Year +4.7% ▲
3-Year CAGR +5.3% ▲
5-Year CAGR +5.7% ▲
10-Year CAGR +6.5% ▲

🏠 Rent Trends

1-Year N/A
3-Year CAGR N/A
5-Year CAGR N/A
Negative Leverage — IRR / Tax Play Cap Rate: 2.5%  |  30yr Rate: 6.8%
Leverage reduces cash returns at current rates.

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.

Vacancy
4.1%
Low risk
Landlord Climate
4.0/5
Friendly
Value Trend (5yr)
+5.7%
Stable
Eviction process: Moderate Rent control: Favorable

Demographics in 27973

Population: 1,422

💰 Median Household Income
$68,214
This area
$68,214
State
$63,256
USA
$74,580
🏠 Renter Occupied
23.2%
This area
23.2%
State
27.8%
USA
34.0%
💼 Unemployment Rate
3.0%
This area
3.0%
State
-19.3%
USA
3.7%
🎓 College Educated
13.4%
This area
13.4%
State
0.5%
USA
33.7%
👤 Median Age
38.8 years
This area
38.8 years
State
6.5 years
USA
38.9 years
🏚️ Vacancy Rate
4.1%
This area
4.1%
State
19.4%
USA
10.5%
👥 Population by Ethnicity
White 78.0%
Black/African American 13.4%
Other/Mixed 8.5%
👶 Under 18
20.0%
This area
20.0%
USA
22.0%
👴 65 and Over
19.8%
This area
19.8%
USA
17.3%
📊 Poverty Rate
29.9%
This area
29.9%
USA
11.5%

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 27973

B+ Avg School Grade
1 Schools
14.9:1 Avg Class Size
$13,201 Avg Per Pupil

Schools in This ZIP Code

B+ Above Average

Shawboro Elementary School

📚 Pre-K – 05 Elementary
👥
629 Students
👨‍🏫
14.9:1 Class Size
💰
$13,201 Per Student
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

3 Nearby 984 Off-Campus Students
C
College of the Albemarle
2,582 students · 8.7 mi
C
Mid-Atlantic Christian University
177 students · 9.1 mi
C+
Elizabeth City State University
2,165 students · 10.0 mi

Investor Insight: With 984 students living off-campus nearby, this area has strong rental demand from the college population.

Frequently Asked Questions

Is Shawboro, NC better for rentals, flips, or BRRRR?

Investors who focus on careful cash-flow rentals with hands-on management typically do well in Shawboro, NC. The numbers - $405K homes against $1,314/mo rents - support that play.

What kind of tenants rent in Shawboro, NC?

Tenant demand in Shawboro, NC is solid. The local workforce $1,314/mo rents across most rental classes.

What monthly rent should investors expect in Shawboro, NC?

Rents in Shawboro, NC run near $1,314/mo. Compared with median home prices of $405K that produces solid gross yields for typical rentals.

Can owner-occupants cash flow in Shawboro, NC?

House hacking in Shawboro, NC is a challenging. With home values around $405K and rents at $1,314/mo, owner-occupants can offset a meaningful share of PITI.

Is NC a landlord-friendly state?

NC law landlord-friendly for landlords, and Shawboro inherits those rules. Investors should still review local ordinances for rental licensing.

You know 27973 now. You don’t know where it ranks.

This page stays free — all of it. What one page can’t tell you is how 27973 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.

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How 27973 ranks in Virginia Beach-Norfolk-Newport News, VA-NC

Every ZIP in this metro, ranked. Free.

Cash Flow → Appreciation → Affordable →
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