Median rents, rental comps, and market trends across 10 zip codes in Raleigh, NC.
Research Triangle tech and healthcare jobs keep vacancy low and demand consistent. One of the more recession-resistant rental markets in the country — turns out people with stable jobs in growing industries make reliable tenants.
Median Asking Rent
$1,642
Rent Change (YoY)
-0.8%
Avg Days on Market
11
Active Rental Listings
8,617
Median List Price
$480,350
Average across 10 zip codes
ZIP | Median Rent |
|---|---|
| 27603 | $1,910/mo |
| 27601 | $1,849/mo |
| 27608 | $1,810/mo |
| 27605 | $1,809/mo |
| 27610 | $1,620/mo |
| 27604 | $1,603/mo |
| 27609 | $1,571/mo |
| 27607 | $1,534/mo |
| 27612 | $1,456/mo |
| 27606 | $1,403/mo |
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| Unit Size | Median Rent |
|---|---|
| Studio | $1,410/mo |
| 1 Bedroom | $1,472/mo |
| 2 Bedroom | $1,668/mo |
| 3 Bedroom | $1,938/mo |
| 4 Bedroom | $2,900/mo |
Aggregated median across all Raleigh zip codes with available data.
| ZIP | Median List Price |
|---|---|
| 27608 | $1,125,000 |
| 27607 | $924,900 |
| 27609 | $725,000 |
| 27601 | $539,999 |
| 27612 | $535,700 |
| 27603 | $425,000 |
| 27606 | $425,000 |
| 27605 | $389,000 |
| 27604 | $350,000 |
| 27610 | $340,000 |
| Unit Size | Fair Market Rent |
|---|---|
| Studio | $1,600/mo |
| 1 Bedroom | $1,680/mo |
| 2 Bedroom | $1,840/mo |
| 3 Bedroom | $2,310/mo |
| 4 Bedroom | $3,090/mo |
Fair Market Rents are published annually by HUD for the Raleigh metropolitan area. Local housing authorities use these to set Section 8 voucher payment standards, typically between 90% and 110% of the FMR.
The median asking rent across Raleigh, NC is currently $1,642/month, based on active rental listings across 10 zip codes. Median asking rents have decreased by -0.8% over the past 12 months.
Asking rents vary significantly across the city. ZIP 27603 has the highest median asking rent at $1,910/month, while ZIP 27606 comes in at $1,403/month.
Rental listings in the area spend an average of 11 days on market before being leased, indicating strong renter demand.
The HUD Fair Market Rent for a 2-bedroom in the Raleigh metro area is $1,840/month. Current median asking rents are near or below the FMR for this area.
The Research Triangle — Duke, UNC, NC State — gives Raleigh-Durham an educated workforce and recession-resistant employment base. Apple, Google, and Epic Games have all expanded here, bringing in new residents who typically rent first. Vacancy rates in the Triangle are consistently among the lowest in the Southeast. Downtown Raleigh and North Hills get premium rents. Areas closer to RTP attract corporate renters relocating for work. The market here tends to be steady rather than explosive — you probably won't see huge rent spikes, but you also won't see big dips. It's a good market for landlords who want consistency over excitement.
Want to look up rental comps and rent estimates for a specific property in Raleigh? PropMetrics lets you search any address and get detailed rental data instantly.
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Fair market rent, Section 8, HUD... what does it all mean? A straightforward breakdown of how it works and why it matters.
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