Investment metrics, interactive calculators, and data-driven analysis for Raleigh rental properties.
Pre-filled with Raleigh medians. Adjust to match a specific property.
Factor in financing to see your actual return on invested capital in Raleigh.
Raleigh, NC has a population of 474,069 and has been growing at 2.1% annually — well above the national average, signaling strong housing demand from population inflows. The median home price of $395,000 paired with median rents of $1,650/mo produces an estimated cap rate of 3.22%.
Property taxes at 0.78% are well below the national average of ~1.1%, providing a meaningful cash flow advantage many investors overlook. The vacancy rate of 4.3% is impressively low, indicating tight rental supply and strong tenant demand — favorable for landlords.
At a price-to-income ratio of 5.4x, homes cost about 5.4 times the local median income of $72,800. This moderate ratio indicates a balanced rent-vs-buy market. Home values have appreciated at roughly 3.5% annually. Steady appreciation means total returns will be primarily cash flow-driven — the more sustainable model for long-term wealth building.
Bottom line: At current median prices, Raleigh is challenging for pure cash flow investing. Consider BRRRR strategies with below-market purchases, or look at neighboring metros with stronger price-to-rent ratios.