RV Park Cap Rates in North Carolina
Real capitalization rate data from 54 parks across North Carolina. Understand what the market is actually returning before you write a check.
What This Means for Investors
North Carolina sits in the healthy mid-range. An average cap rate of 9.2% offers meaningful cash-on-cash returns especially with modest leverage — and this market hasn't been bid up to the institutional compression you see in Florida or the Sun Belt.
The 3.0%–19.7% spread across 54 parks shows market diversity. Lower cap rate parks are likely in population centers with demand certainty; the high-cap parks are often rural plays where you're underwriting occupancy risk in exchange for yield. Define your thesis before you shop.
With data spread across 44 cities, North Carolina offers enough geographic diversity to be selective. The city breakdown below shows where the cap rate compression is worst and where pockets of yield still exist.
At an average estimated value of $8,618,796, most North Carolina parks are in reach for individual investors or small syndicates — this isn't a market dominated exclusively by institutional buyers.
Cap Rates by City — North Carolina
| City | Avg Cap Rate | Parks | Avg Valuation |
|---|---|---|---|
| Greensboro | 12.6% | 2 | $2,797,500 |
| Asheville | 10.6% | 2 | $4,812,500 |
| Snow Camp | 9.8% | 2 | $1,392,500 |
| Lumberton | 9.1% | 2 | $1,165,000 |
| Marion | 8.5% | 2 | $2,722,500 |
| Winston-Salem | 8.3% | 2 | $4,365,000 |
| Sunset Beach | 6.5% | 2 | $4,685,000 |
| Dare County | 6.0% | 2 | $5,902,500 |
| Moncure | 5.8% | 2 | $1,485,000 |
| Cherokee | 5.0% | 2 | $31,700,000 |
| Avon | 19.7% | 1 | $1,430,000 |
| Tabor City | 16.7% | 1 | $13,200,000 |
| Pinnacle | 16.1% | 1 | $450,000 |
| Buxton | 13.3% | 1 | $855,000 |
| Casar | 12.9% | 1 | $1,650,000 |
| Mebane | 12.9% | 1 | $1,980,000 |
| Wake County | 12.8% | 1 | $4,510,000 |
| Elizabethtown | 12.4% | 1 | $2,585,000 |
| Sherrills Ford | 12.2% | 1 | $3,190,000 |
| Kill Devil Hills | 12.0% | 1 | $2,640,000 |
| Kitty Hawk | 10.9% | 1 | $1,650,000 |
| Belhaven | 10.4% | 1 | $1,035,000 |
| Forsyth County | 10.4% | 1 | $2,420,000 |
| Madison | 9.8% | 1 | $540,000 |
| Jacksonville | 9.7% | 1 | $990,000 |
| Statesville | 9.1% | 1 | $1,705,000 |
| Cedar Island | 8.9% | 1 | $3,355,000 |
| Carteret County | 8.8% | 1 | $4,730,000 |
| Elizabeth City | 8.8% | 1 | $630,000 |
| Charlotte | 8.7% | 1 | $14,925,000 |
| Roanoke Rapids | 8.6% | 1 | $4,895,000 |
| Forest City | 8.5% | 1 | $450,000 |
| New London | 8.5% | 1 | $1,375,000 |
| Cameron | 7.8% | 1 | $1,080,000 |
| Albemarle | 7.5% | 1 | $950,000 |
| Hyde County | 7.5% | 1 | $2,750,000 |
| Stoneville | 7.5% | 1 | $2,915,000 |
| Newport | 7.4% | 1 | $68,600,000 |
| Whittier | 6.5% | 1 | $9,000,000 |
| Waynesville | 6.4% | 1 | $9,375,000 |
| Asheboro | 5.8% | 1 | $4,400,000 |
| Grover | 5.2% | 1 | $8,700,000 |
| White Lake | 4.9% | 1 | $120,000,000 |
| Mocksville | 4.4% | 1 | $44,400,000 |
Top 10 Highest Cap Rate Parks
Highest estimated returns — investigate occupancy, management quality, and NOI sustainability before buying on cap rate alone.
| Park Name | City | Cap Rate | Sites | Est. Value |
|---|---|---|---|---|
| Avon by the Sea RV Park | Avon | 19.7% | 26 | $1,430,000 |
| Yogi Bear's Jellystone Park at Daddy Joe's | Tabor City | 16.7% | 176 | $13,200,000 |
| Greystone RV Park | Pinnacle | 16.1% | 10 | $450,000 |
| Cedar Creek Mobile Home Park LLC | Greensboro | 14.0% | 14 | $700,000 |
| Flowers Ridge RV Park | Buxton | 13.3% | 19 | $855,000 |
| Simple Times RV Park and Campground | Snow Camp | 13.0% | 24 | $1,080,000 |
| Grand View Campground & RV Park | Casar | 12.9% | 30 | $1,650,000 |
| Jones Station RV Park and Campground | Mebane | 12.9% | 36 | $1,980,000 |
| North Carolina State Fairgrounds Campground | Wake County | 12.8% | 82 | $4,510,000 |
| Sandy Ridge Campground and RV Resort | Elizabethtown | 12.4% | 47 | $2,585,000 |
10 Lowest Cap Rate Parks
Lower cap rates reflect higher prices relative to income — often found in premium markets, coastal areas, or parks with strong amenities and stable occupancy.
| Park Name | City | Cap Rate | Sites | Est. Value |
|---|---|---|---|---|
| Cotten's RV Campgrounds | Moncure | 3.0% | 25 | $1,375,000 |
| Lake Myers RV & Camping Resort | Mocksville | 4.4% | 444 | $44,400,000 |
| Cherokee / Great Smokies KOA Holiday | Cherokee | 4.5% | 514 | $51,400,000 |
| Island Hide-A-Way Campground | Dare County | 4.6% | 51 | $2,805,000 |
| Camp Clearwater Family Campground | White Lake | 4.9% | 1200 | $120,000,000 |
| Kings Mountain RV Resort | Grover | 5.2% | 116 | $8,700,000 |
| River Valley Campground | Cherokee | 5.4% | 160 | $12,000,000 |
| Wishing Well RV Campground | Sunset Beach | 5.5% | 34 | $1,870,000 |
| Holly Bluff Family Campground | Asheboro | 5.8% | 80 | $4,400,000 |
| Wheeling Village | Winston-Salem | 6.2% | 102 | $7,650,000 |
Get Full Owner Contact Data for North Carolina
Cap rates tell you where to look. Owner contact data gets you in the door. Access phone numbers, emails, and deal pipeline tools for every park in North Carolina.
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