The median asking rent across 11 Raleigh zip codes is $1,632/month, down 1.1% from a year ago.
Research Triangle tech and healthcare jobs keep vacancy low and demand consistent. One of the more recession-resistant rental markets in the country. People with stable jobs in growing industries make reliable tenants.
Median Asking Rent
$1,632
Rent Change (YoY)
-1.1%
Avg Days on Market
9
Active Rental Listings
9,528
Median List Price
$539,000
Average across 11 zip codes
ZIP | Median Rent |
|---|---|
| 27601 | $1,919/mo |
| 27608 | $1,850/mo |
| 27603 | $1,843/mo |
| 27605 | $1,743/mo |
| 27610 | $1,620/mo |
| 27607 | $1,577/mo |
| 27616 | $1,553/mo |
| 27604 | $1,534/mo |
| 27615 | $1,500/mo |
| 27614 | $1,475/mo |
| 27606 | $1,419/mo |
Comps for any address in Raleigh
Type the address, get the comps. No setup.
| Unit Size | Median Rent |
|---|---|
| Studio | $1,350/mo |
| 1 Bedroom | $1,359/mo |
| 2 Bedroom | $1,600/mo |
| 3 Bedroom | $1,950/mo |
| 4 Bedroom | $2,675/mo |
Aggregated median across all Raleigh zip codes with available data.
| ZIP | Median List Price |
|---|---|
| 27608 | $1,100,000 |
| 27607 | $920,000 |
| 27614 | $675,000 |
| 27609 | $669,000 |
| 27613 | $624,900 |
| 27601 | $599,000 |
| 27612 | $589,900 |
| 27615 | $539,000 |
| 27603 | $450,000 |
| 27606 | $404,000 |
| 27617 | $399,900 |
| 27605 | $375,500 |
| 27604 | $374,690 |
| 27616 | $369,999 |
| 27610 | $346,500 |
| 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 |
HUD publishes Fair Market Rents once a year for the Raleigh metro area. Local housing authorities use them to set Section 8 voucher payment standards, usually 90% to 110% of the FMR.
The median asking rent across Raleigh, NC sits at $1,632/month, pulled from active rental listings in 11 zip codes. That's down 1.1% from a year ago.
Rents aren't uniform across the city. ZIP 27601 tops the list at $1,919/month. ZIP 27606 comes in lowest at $1,419/month. About a 35% gap between the two ends of the city.
A 2-bedroom rents for $1,600/month at the median. 1-bedrooms run about $1,359. 3-bedrooms come in around $1,950.
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% ($1,632/month against $539,000 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 11% 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.
City-wide medians are the headline. The comps that actually price a property come from the block it's on. Search any Raleigh address to see them.
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What rental comps actually are, what makes one good or weak, and how to use them to price a rental without guessing.
What HUD's fair market rent actually means, how it ties into Section 8, and when it should change how you price a rental.
A step-by-step approach to pricing a rental so it fills fast and doesn't leave money on the table.