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An appreciation-lean market without the demand pressure to back it. The rent math runs thin.
What would change this read: a price correction (median already +1.4% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, −2.6% YoY, is the number to watch.
The median listing price is up 1.4% YoY while the median home got down 0.5% bigger, so value per square foot is down 1.6%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
At the median, a $329K purchase rents for $1,400/mo: 0.43% of price per month against the 1% rule's 1.00%.
Not shown: 1 BR (rent only, no matching sale price).
Sales here take about 12 days longer to go under contract than rentals (median across 4 property types).
Not shown: Apartment (rented here, not sold), Land (sold here, not rented), Manufactured (sold here, not rented).
U.S. Census ACS characteristics for ZIP 27858 itself, not its parent county.
Renters hold 57.1% of this ZIP's 24,457 occupied households, on a median household income of $60K.
| Measure | ZIP 27858 | Pitt County | Difference |
|---|---|---|---|
| Median Household Income | $60K | $58K | +$2K |
| Below Poverty Level | 22.5% | 19.8% | +2.7% |
| Median Age | 26.10 | 33.00 | -6.90 |
| Total Population | 58,774 | 177,193 | -- |
| Avg Household Size | 2.20 | 2.30 | -0.10 |
| Owner-Occupied | 42.9% | 51.4% | -8.5% |
| Worked From Home | 14.6% | 11.9% | +2.7% |
| Mean Commute | 19.20 | 22.10 | -2.90 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is up 2.9% to 177,193: residents under 18 are up 0.5% and those 65 and over are up 4.4%.
County median household income is $58K, 19.8% of residents are below the poverty level, 11.9% work from home.