The story of this market
The typical home in ZIP 27936 sells for about $330,000, or $145 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 82 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,510 a month.
ZIP 27936 — Frisco
The housing market in ZIP 27936 remains stable with limited inventory and moderate price growth. Demand is driven by local buyers and those seeking rural residential options, while the pace of sales reflects a typical rural market environment.
This ZIP is best suited for families and individuals seeking a quiet, rural lifestyle who are comfortable with a longer commute to regional employment centers.
Median prices moved up 2.5% year over year.
Homes spend a median of 82 days on market with 4.1 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.0% · poverty 1.1% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 27936, Gates County NC
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in this rural area are generally low and stable, consistent with regional trends in northeastern North Carolina.
Schools serving this area are part of the Gates County Schools district, which maintains a small-town educational environment with moderate performance ratings.
The area is subject to standard regional risks including hurricane-related wind and flooding, with flood insurance recommended for low-lying parcels.
Economic momentum is modest, driven primarily by agricultural interests and proximity to larger employment hubs in the Hampton Roads, Virginia area.
Property taxes are levied by Gates County and the state of North Carolina; there are no municipal property taxes for unincorporated areas within this ZIP.
Commuting is primarily car-dependent, with residents often traveling toward the Hampton Roads, Virginia metropolitan area for employment.
Recreational opportunities are largely rural, featuring local parks, access to nearby waterways for fishing, and community-focused outdoor spaces.
The rental market is limited with low turnover, primarily serving local workers and those seeking rural housing options.
The local economy is anchored by agriculture, forestry, and small-scale retail, with many residents commuting to larger regional centers.
Transportation is entirely road-based, relying on US-13 and US-158 for regional connectivity.
Development is limited to small-scale residential infill and agricultural land use adjustments.
The Gates County Tax Assessor manages property valuations, typically conducting revaluations on a multi-year cycle.
Parcels are served by the Gates County School District and local fire/emergency service districts.
Property insurance premiums are influenced by regional coastal hazard exposure and proximity to flood zones.
The state experiences steady net domestic migration, though rural counties like Gates see slower growth compared to urban centers.
North Carolina is a judicial foreclosure state, requiring court oversight for the foreclosure process.
Sellers are required to provide a Residential Property and Owners' Association Disclosure Statement.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Local hub for community events and indoor recreation.
Provides access to boating, fishing, and outdoor water activities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass. Coherence hold-out: this pass's median rent ($1,250) sat outside the 0.25–4× band around Dare County's retained level and was not stored.