Real Estate Investing in Stumpy Point, North Carolina (27978)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 27978 (Stumpy Point, 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: 35.4% of homes vacant — above national norms.
- Elevated poverty: 23.0% poverty rate — can affect rent collection.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Stumpy Point, NC (27978)?
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Market Analysis: 27978 Stumpy Point
Looking more closely, ZIP 27978 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $340K median. It rewards specialists, not generalists.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $340K asset, 27978 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within NC, ZIP 27978 trails on several market indicators that neighboring Dare County submarkets outperform. The gap is real and sturdy enough to shape underwriting.
From a cash-flow lens, 221 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.
New investors are better served looking at Stumpy Point's stable or hybrid ZIPs before stepping into 27978. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Stumpy Point:
Market Trends
Home Value History (with trend line)
📊 How Does 27978 Compare?
| Metric | 27978 | Stumpy Point | Kill Devil Hills, NC | North Carolina |
|---|---|---|---|---|
| Home Value | $340,072 | $340,072 | N/A | $330,565 |
| 5-Year CAGR | 4.3% | 4.3% | N/A | 7.8% |
| Avg Rent | $1,188 | $1,188 | N/A | - |
| Cap Rate | 2.7% | 2.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 27978 (Stumpy Point, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $340,072 |
| Monthly Rent | $1,188 |
| Price-to-Rent | 23.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 7.0% |
📈 Home Appreciation
| 1-Year | +9.0% ▲ |
| 3-Year CAGR | +3.4% ▲ |
| 5-Year CAGR | +4.3% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 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 (2.7%). 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 27978
Population: 221
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
Frequently Asked Questions
How expensive is real estate in Stumpy Point, NC?
Typical homes in Stumpy Point, NC go for around $340K. The 5-year CAGR of 0.0% measured price movement.
What are vacancy rates like in Stumpy Point, NC?
Expect elevated vacancy in Stumpy Point, NC. Rents at $1,188/mo are absorbed by the tenant base without meaningful lag.
Is Stumpy Point in NC worth investing in?
The 3.0/5 investability rating in Stumpy Point, NC reflects its $340K prices and $1,188/mo rents. Investors generally consider it a solid option within NC.
Is Stumpy Point, NC good for house hacking?
House hacking in Stumpy Point, NC is reasonable to execute. Prices around $340K and rents of $1,188/mo solid owner-occupant economics.
What is the renter demographic in Stumpy Point, NC?
Expect a solid tenant pool in Stumpy Point, NC. The rental market absorbs $1,188/mo rents without meaningful friction.
You know 27978 now. You don’t know where it ranks.
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How 27978 ranks in Kill Devil Hills, NC
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