Is Elizabeth City, NC a good place to invest in rental property?

Elizabeth City, NC has a median modeled monthly cash flow of $-751 and a median cap rate of 3.4%, on a median sold price of $309,885. Prices changed +0.6% year over year.

What is the average cap rate in Elizabeth City, NC?

The median cap rate across recently sold homes in Elizabeth City, NC is 3.4%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Elizabeth City, NC?

The median sold price in Elizabeth City, NC is $309,885 (about $181 per square foot).

Investing in Elizabeth City, NC Real Estate

A data-driven snapshot of the Elizabeth City, NC rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$309,885Median sold price

$181Median $/sqft

3.4%Median cap rate

$-751Modeled cash flow / mo

+0.6%Appreciation YoY

7.0Months of supply

483Active listings

828Sold (last 12 mo)

What the Elizabeth City numbers say

In Elizabeth City, NC, the median home sold for $309,885 (about $181 per square foot), and the typical deal models out to a 3.4% cap rate with a median $-751 of monthly cash flow. Sold prices moved +0.6% over the past year. Inventory sits at about 7.0 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other North Carolina markets to compare

See Elizabeth City cash-flowing listings

CashFlowRE ranks every for-sale home in Elizabeth City, NC by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Elizabeth City deals, or browse the national market data.