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Elizabeth City, NC | City Real Estate Market Analysis

Elizabeth City, Pasquotank County, North Carolina
City Analysis Real Estate Market NC Pasquotank County
Elizabeth City
Market Insight

Elizabeth City, NC Investment Potential Analysis

Market analysis for Elizabeth City, NC will appear here once data is available. This section will surface investment opportunities, risk assessments, neighbourhood trends, and local real estate insights specific to this market.

Avg. Home Value
🏠 Median residential property value in Elizabeth City.
74.00%
Property Tax Rate
🏛️ Effective property tax rate for this market.
$33,797
Avg. Household Income
💵 Average annual household income in the area.
18,508
Population
👥 Total city population estimate.
Unemployment Rate
📊 Local unemployment vs. national benchmark.

Elizabeth City, NC Real Estate Market Property Overview

  • Real estate market overview for Elizabeth City, NC, Pasquotank County
  • Population of 18,508
  • Average household income of $33,797
  • Property tax rate of 74.00%
  • Median resident age of 32.20

Property Details

City Elizabeth City State North Carolina
County Pasquotank Country USA
Population 18,508 Median Age 32.20
Avg. Household Income $33,797 Median Home Value N/A
Unemployment Rate N/A Property Tax Rate 74.00%
Top Industries N/A Economic Overview N/A
Coordinates 36.2942, -76.2360 Properties Listed 0

Model investment returns using Elizabeth City, NC market data as defaults

25%
5.0%
30 years
74.00%
5 years
3.0%
Down Payment Amount:$125,000
Loan Amount:$375,000
Monthly Mortgage:$2,012
Monthly Tax:$490
Total Monthly Payment:$2,502
Monthly Cash Flow:$581
Cash on Cash Return:5.6%
Cap Rate:5.0%
Debt Coverage Ratio:1.23x
IRR (5 years):8.4%
Projected Property Value:$579,637
Total Equity:$234,891
📊Monthly Payment Analysis

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💵Cash on Cash Return

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🚀Internal Rate of Return

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🏛️Property Tax Analysis

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* Calculations use Elizabeth City, NC median home value as the default purchase price. All figures are estimates only. Consult financial and legal professionals before investing.

Capital Allocation Comparison

Direct ownership vs. passive CRE platform exposure

Compare the same starting capital across two allocation paths: direct property ownership with operational responsibility, debt exposure, and single-asset concentration, versus a professionally managed REI Capital platform strategy built around institutional underwriting and a 9% target annual growth projection.

Direct Property Ownership
  • Concentrated exposure to one property and market
  • Debt service, refinancing, and rate sensitivity
  • Active leasing, vendor, and asset oversight
  • Vacancy, capex, and maintenance obligations
  • Illiquid exit process with timing risk
  • Transaction costs can compress realized returns
Projected direct ownership outcome Calculating…
VS
REI Capital Platform Exposure
  • Passive exposure without direct operator liability
  • Institutional underwriting and acquisition discipline
  • Professional asset management and reporting
  • Strategy designed to reduce single-asset concentration
  • 9% annual target growth projection for comparison
  • Curated deal flow with a passive capital framework
Projected platform exposure at 9% target Calculating…
Projected difference

Calculating the comparison…

* REI Capital Growth uses a 9% target annual growth projection for comparison only. Returns are not guaranteed and actual results may vary. Consult a financial professional before making investment decisions.

Who This Is Designed For

Built for investors evaluating passive commercial real estate exposure

REI Capital is positioned for investors who want institutional-quality underwriting, disciplined capital deployment, and real estate exposure without managing the asset directly.

Accredited Investors

Deploy capital into a professionally managed real estate strategy without taking on daily operator responsibilities.

Family Offices

Evaluate long-duration CRE exposure with an emphasis on underwriting discipline and capital preservation.

1031 Exchange Buyers

Compare direct replacement ownership against passive alternatives with reduced operational complexity.

High-Income Professionals

Access commercial real estate exposure while preserving time, focus, and liquidity for core priorities.

Where Your NOI Goes Each Month

* Distribution based on current inputs. Actual expenses may vary.

ROI Over Time: Direct Ownership vs REI Capital

* Property return uses a conservative 3.8%–4.2% annual capital appreciation assumption. REI Capital uses a 9% target projection. Returns are not guaranteed.

Deployment Scenario Analysis

Your Down Payment: Direct Ownership vs REI Capital Platform Exposure

Same starting capital. Compare a direct ownership path against passive capital deployment through REI Capital.

Direct ownership (3.8%–4.2% appreciation) REI Capital (9% target)

* "Direct ownership" shows the same down payment growing at the selected 3.8%–4.2% annual capital appreciation rate. "REI Capital" shows the same down payment growing at 9% annual target. Returns are not guaranteed.

Allocation Rationale

Why sophisticated investors choose passive CRE exposure

Direct ownership can be powerful, but it also concentrates capital, time, and execution risk into one asset. Passive CRE exposure helps investors participate in professionally managed real estate strategies while reducing the operational burden of owning the property themselves.

  • Professional underwriting before capital deployment
  • Reduced exposure to single-asset operational demands
  • Access to institutional sourcing and asset management
  • Passive framework built for long-term capital strategy
  • Clearer comparison against direct ownership costs
  • Time-efficient exposure for qualified investors
Investor Materials

A more efficient way to deploy capital

The analysis above is only the starting point. Review the REI Capital investment materials to understand the acquisition strategy, underwriting framework, risk controls, and investor onboarding process behind the 9% target projection.

  • Acquisition strategy & deal flow
  • Underwriting and risk framework
  • Platform team and execution process
  • Investor qualification and next steps
Access Investment Materials

For qualified investors · Private overview · PDF access

Investment Due Diligence For Elizabeth City, NC Income Property

Key questions for informed investment decisions

What's the overall investment potential of Elizabeth City, considering its demographics and economy? +
Elizabeth City's population of 18,508, with a median age of 32.2 and a median household income of $33,797, suggests a relatively stable market. The poverty rate of 22.9% is somewhat concerning, but the health insurance coverage of 83.4% indicates that many residents have access to employment benefits, which can contribute to a more stable tenant base.
How does the city's ethnic diversity and industry landscape impact real estate demand? +
The city's diverse population, with top ethnicities including Black (34.0%), White (29.7%), and White Non-Hispanic (26.6%), can contribute to a strong demand for housing. Additionally, the top industries of Wholesale Trade, Information, and Finance & Insurance, & Real Estate & Rental & Leasing, suggest a relatively stable economy, which can support rental yields and property appreciation.
What are the implications of the city's commute times and transportation options for real estate investors? +
The average commute time of 19.8 minutes and the top commute methods of Drove Alone, Carpooled, and Worked At Home, indicate a relatively convenient and flexible transportation system. This, combined with a public transportation usage rate of 2.1%, suggests that residents have access to reliable transportation options, which can positively impact property values and rental demand.
How does the city's poverty rate and health insurance coverage impact the quality of tenants? +
The poverty rate of 22.9% is a concern, but the health insurance coverage of 83.4% suggests that many residents have access to employment benefits, which can contribute to a more stable tenant base. Additionally, the median household income of $33,797 and the employed population of 7,369, indicate a relatively stable economy, which can support timely rent payments and lower vacancy rates.
What are the key factors to consider when evaluating the potential return on investment (ROI) in Elizabeth City's real estate market? +
When evaluating ROI in Elizabeth City, consider the median property value of $149,400, median property taxes of $2,978, and homeownership rate of 41.1%. Additionally, the city's demographic and economic factors, such as the poverty rate, health insurance coverage, and top industries, can impact rental yields and property appreciation. A comprehensive analysis of these factors can help investors make informed decisions and maximize their returns.
What are some of the best neighborhoods to live in Elizabeth City? +
Some of the best neighborhoods to live in Elizabeth City include downtown Elizabeth City, which offers a mix of historic homes and new construction, and the surrounding suburbs, which provide a more laid-back atmosphere.
What are some fun things to do in Elizabeth City? +
There are plenty of fun things to do in Elizabeth City, such as visiting the Pasquotank River, exploring the downtown area, and checking out the local restaurants and shops.
What is the food scene like in Elizabeth City? +
The food scene in Elizabeth City is vibrant and diverse, with a range of restaurants serving everything from fresh seafood to Mexican cuisine. Some popular spots include Hoppin' Johnz, Montero's Restaurant, and Cypress Creek Grill, which offers beautiful views of the Pasquotank River.
What are the pros and cons of living in Elizabeth City? +
The pros of living in Elizabeth City include its charming downtown area, beautiful waterfront, and friendly community. However, some cons include the city's limited job opportunities and higher crime rate compared to other cities of similar size.
Is Elizabeth City a good place to live? +
Overall, Elizabeth City can be a great place to live for those who value a small-town atmosphere and a strong sense of community. While it may have its challenges, the city's unique character, rich history, and natural beauty make it an attractive option for many people.

Things Near Elizabeth City, NC

Metro Center Station

0.2 miles

Grand Central Market

0.4 miles

About Elizabeth City

Elizabeth City, NC is a market that tends to have its ups and downs, with a median household income of $33,797 and a poverty rate of 22.9%. This poverty rate suggests some risk, but it also indicates a potential for investment in affordable housing or community development projects. The city's diverse population, with 34.0% Black, 29.7% White, and 26.6% White Non-Hispanic, could be an advantage for businesses that cater to a broad customer base. However, the 4.8% foreign-born rate is relatively low, which might limit the city's appeal to international investors. On the other hand, the top industries in Elizabeth City, including Wholesale Trade, Information, and Finance & Insurance, could provide a stable economic foundation. The average commute time of 19.8 minutes is relatively short, and the fact that 83.4% of the population has health insurance coverage is a positive indicator of the city's quality of life. Nevertheless, the 31.4% obesity rate and 10.3% diabetes rate are concerns that investors should consider when evaluating the city's overall health and wellbeing. With a median property value of $149,400 and a homeownership rate of 41.1%, Elizabeth City's housing market may offer opportunities for investment, but the relatively high poverty rate and crime rates, including a violent crime rate of 550.6 per 100,000, are challenges that need to be addressed. Overall, Elizabeth City is a complex market that requires careful consideration of both its opportunities and challenges.

Population 18,508
Median Age 32.20
Avg. Household Income $33,797
Investor Materials

Access the REI Capital investment overview

Review the acquisition strategy, underwriting framework, risk considerations, and investor onboarding process in one private PDF.

Access Investment Materials