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Market MapNorth CarolinaHalifax

Halifax County

North CarolinaPopulation: 48,772
76
/100
Strong Buy
#29 of 1,000 counties
#2 in North Carolina (100 counties)
Analysis by RentalCalcs Research·Independent data + algorithm-driven scoring
Updated May 11, 2026Sources: Zillow ZHVI, Zillow ZORI, US Census ACS, Tax Foundation

Market Snapshot

$103,624
Median Home Price
56% below national median
$994/mo
Median Rent
34% below national median
11.51%
Rent-to-Price Ratio
Top 1% nationally
+$103
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Scenario comparison

Same $994/mo rent assumption, 20% down, 6.85% rate. What changes is the acquisition price.
ScenarioPurchase priceMonthly cash flowCap rateCash-on-cash
75% of median
value-add or distressed
$77,718+$239/mo10.0%+16.0%
Median
typical MLS deal
$103,624+$103/mo7.5%+5.2%
125% of median
newer / premium
$129,530-$33/mo6.0%-1.3%

Price History

Historical data from Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$103,624
Down Payment (20%)$20,725
Loan Amount$82,899
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$994
Monthly P&I-$543
Est. Expenses (35%)-$348
Net Cash Flow+$103/mo
7.5%
Cap Rate (all cash)
5.2%
Cash-on-Cash Return
11.51%
Rent-to-Price Ratio

* Based on county median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Actual results vary by property.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
76/100
76
Cash Flow(30%)
100/100

Based on 11.51% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
59/100

Based on 0.9% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Population data not available.

Affordability(20%)
93/100

Price-to-income ratio of 2.5x. Lower ratios indicate more affordable markets.

Scores are calculated using real Zillow home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. Markets with missing rent data use estimated values based on regional averages.

Investment Outlook

Strengths

  • +Above-average rent-to-price ratio (11.51%)
  • +Positive cash flow potential (+$103/mo)
  • +Affordable relative to local incomes
  • +Complete rent data available

Challenges

No significant challenges identified based on current data.

Economic Indicators

Population
48,772
Median Income
$41,629
vs $57,059 national est.
Unemployment Rate
—
Data pending
Price-to-Income
2.5x
Very affordable

Who this market fits

Best for
  • +Cash-flow buyers: the deal pencils at typical financing
  • +First-time investors looking for lower-risk markets

Compare to Nearby Counties

CountyVerdict
CurrentHalifaxNC
76$103,624$99411.51%Strong Buy
PerquimansNC
68$264,692Est. pending—BuyView
DavidsonNC
65$264,061$1,4466.57%BuyView
OnslowNC
64$280,737$1,4836.34%BuyView
CumberlandNC
61$227,591$1,4227.50%BuyView
SurryNC
60$220,321Est. pending—BuyView

The Bottom Line

Strong BuyHalifax is a strong buy market with excellent fundamentals for buy-and-hold investors.

Halifax County in North Carolina scores 76/100, ranking #29 of 1,000 US counties (top 4%). At 20% down and current rates, a median-priced rental clears about $103/month in cash flow, backed by a 11.51% gross rent-to-price ratio.

Monthly Cash Flow
+$103/mo
Cap Rate
7.5%
Cash-on-Cash
5.2%

Related markets

Markets like Halifax with stronger cash flow

  • Cumberland County for cash-flow rentals
  • Davidson County for cash-flow rentals
  • Onslow County for cash-flow rentals

Head-to-head comparisons

  • Halifax vs Perquimans for rentals
  • Halifax vs Davidson for rentals
  • Halifax vs Onslow for rentals
All counties in North Carolina →

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