Raleigh rents and rental comps

The median asking rent across Raleigh, NC sits at $1,603/month, pulled from active rental listings in 13 zip codes. That's down 2.5% from a year ago.

Rents aren't uniform across the city. ZIP 27601 tops the list at $1,899/month. ZIP 27613 comes in lowest at $1,346/month. About a 41% gap between the two ends of the city.

A 2-bedroom rents for $1,619/month at the median. 1-bedrooms run about $1,373. 3-bedrooms come in around $1,936.

Rental listings here lease fast. Average time on market is 9 days. Mispriced units still sit, but a fair-market price moves quickly.

Rent-to-price math is tight in Raleigh. The gross figure sits at about 3.6% ($1,603/month against $535,000 median price). Most investors here are betting on appreciation, not monthly cash flow.

HUD's Fair Market Rent for a 2-bedroom in the Raleigh metro is $1,840/month. Asking rents come in about 13% below the federal benchmark, which can make Section 8 properties competitive here.

The Research Triangle (Duke, UNC, NC State) gives Raleigh-Durham an educated workforce and a recession-resistant employment base. Apple, Google, and Epic Games have all expanded here, bringing in new residents who usually rent first. Vacancy in the Triangle runs among the lowest in the Southeast. Downtown Raleigh and North Hills get premium rents. Areas closer to RTP catch corporate renters relocating for work. The market is steady more than explosive. No huge spikes, no big dips. Good fit for landlords who want consistency over excitement.

These numbers are city-wide averages. If you're pricing a specific property in Raleigh, pull comps from the same zip code. The spread is usually bigger than people expect.