Updated 2026 · Based on median market data for Roanoke Rapids, NC
The median monthly rent in Roanoke Rapids, NC is $990, translating to $11,880 in annual gross rental income per unit. The rent-to-price ratio is 0.99% — below the 1% rule but within a range where deals can work with good financing.
Renters in Roanoke Rapids spend approximately 20% of the local median household income ($58,267) on rent. This is well below the 30% threshold, suggesting significant headroom for rent increases. Tenants can afford to pay more, which is bullish for landlords.
The vacancy rate in Roanoke Rapids is 5.3%. This is a healthy vacancy rate that indicates balanced supply and demand. You should be able to find quality tenants without extended vacancies, though expect normal turnover periods of 2-4 weeks between tenants. Population growth of 1.5% annually is actively adding rental demand.
Roanoke Rapids's GRM (price divided by annual rent) is 8.4x. A GRM under 12x is excellent — it means you're paying less than 12 years of gross rent for the property, suggesting strong income relative to price. For comparison, the national average GRM for investment-grade rentals is approximately 13-15x.
At the median rent of $990/mo, a single-family rental in Roanoke Rapids generates approximately $11,880 in gross annual income. After accounting for 5.3% vacancy ($630 lost), property taxes of $780, insurance (~$400), and maintenance (~$400), the estimated NOI is $9,670 per year, or $806/mo.
Roanoke Rapids vs North Carolina state average and national average across key investment metrics. Roanoke Rapids outperforms both benchmarks on cap rate.