Real Estate Investing in Rodanthe, North Carolina (27982)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 27982 (Rodanthe, NC)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 52.6% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 42.7 — hard to cash-flow at these prices.
• 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 Rodanthe, NC (27982)?
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Market Analysis: 27982 Rodanthe
From a cash-flow lens, ZIP 27982 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $659K median. It rewards specialists, not generalists.
For an experienced owner, 27982 can be a a strong candidate for hunting ground — but the discount at $659K reflects genuine risk that outside investors often underestimate.
ZIP 27982's metrics run below Dare County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Resident income in 27982 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Distressed ZIPs reward experience. impressive returns are possible in 27982, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Rodanthe:
Property Strategy for 27982
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $479,590 | $1,820 | 2.7% | +9.4% | $159,863 |
| 4BR | $668,616 | $1,890 | 2.0% | +9.5% | $167,154 |
| 5BR | $912,588 | — | — | +8.5% | $182,518 |
Market Trends
Home Value History (with trend line)
📊 How Does 27982 Compare?
| Metric | 27982 | Rodanthe | Kill Devil Hills, NC | North Carolina |
|---|---|---|---|---|
| Home Value | $659,379 | $630,167 | N/A | $330,565 |
| 5-Year CAGR | 5.3% | 5.3% | N/A | 7.8% |
| Avg Rent | $1,287 | $1,287 | N/A | - |
| Cap Rate | 1.5% | 1.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 27982 (Rodanthe, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $659,379 |
| Monthly Rent | $1,287 |
| Price-to-Rent | 42.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.3% |
| Cap Rate | 1.5% |
| 5-Year IRR | 6.8% |
📈 Home Appreciation
| 1-Year | -2.8% ▼ |
| 3-Year CAGR | -0.2% ▼ |
| 5-Year CAGR | +5.3% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 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 (1.5%). 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.
Demographics in 27982
Population: 138
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 27982
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
Is Rodanthe, NC a good place for real estate investing?
Rodanthe, NC sits at an investability rating of 3.0/5, with median home values near $659K and average rents around $1,287/mo. That combination puts it in the impressive tier for investor interest.
What is the typical renter like in Rodanthe, NC?
Rodanthe, NC offers a steady renter base at the $1,287/mo rent level. Tenant turnover is reasonable for well-managed properties.
What strategy should investors use in Rodanthe, NC?
A careful cash-flow rentals with hands-on management strategy Rodanthe, NC best. The market produces steady results for that approach at the $659K price point.
How do home values compare in Rodanthe, NC?
Homes in Rodanthe, NC typically sell near $659K. Prices have moved at a 0.0% 5-year CAGR, which predictable long-term demand.
How high is vacancy risk in Rodanthe, NC?
Vacancy risk in Rodanthe, NC is elevated. That supports reliable cash flow for typical rental holds.
You know 27982 now. You don’t know where it ranks.
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How 27982 ranks in Kill Devil Hills, NC
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