Market Analysis
Raleigh Rental Market
Rental investment market data and analysis · Updated October 2026
Median Home Price
$449,995
Average Monthly Rent
$1,632
Estimated Cap Rate
4.3%
Rent-to-Price Ratio
0.4%
Below 1% Rule
Rent ÷ price by zip code
0 of 4 clear the 1% rule · October 2026
| Zip | Median price | Median rent | Rent ÷ price |
|---|---|---|---|
| 27610 | $329,900 | $1,665 | 0.50% |
| 27601 | $550,000 | $1,971 | 0.36% |
| 27606 | $399,990 | $1,400 | 0.35% |
| 27615 | $500,000 | $1,492 | 0.30% |
Rent ÷ price over time
PacRent rent-to-price index · Raleigh
Context · FRED home price index
Market Trends
Raleigh metro area — % change since 2018
Home Prices
+85.2%
Rent Index
+36.2%
Average Rent by Bedroom
| Bedrooms | Avg Rent |
|---|---|
| Apartment | $1,510/mo |
| Condo | $1,600/mo |
| Multi-Family | $2,015/mo |
| Townhouse | $2,043/mo |
| Single Family | $2,055/mo |
Sample Investment Analysis
Based on median price + average rent, 20% down, 6.8% rate, 30yr
Purchase Price$449,995
Down Payment (20%)$89,999
Monthly P&I$2,347
Monthly Rent$1,632
Est. NOI$11,750/yr
Est. Cash Flow-$1,368/mo
Cash on Cash-16.6%
The Raleigh market is cash-flow negative at median prices. Look for properties 15-20% below median or with value-add potential.
What Investors Should Know About Raleigh
- 1Compressed cap rates below 5% — focus on appreciation or value-add deals
- 21% Rule fails at median prices — need rent of $4,500/mo to pass
- 3Below-average rents keep entry costs low for new investors
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