Cap Rate in Raleigh, NC

2026 Market Overview for Real Estate Investors

Avg Cap Rate

5.1%

#38 of 50 markets

Median Home Price

$380,000

Purchase price

Median Monthly Rent

$1,700

$20,400/yr gross

Rent-to-Price Ratio

0.45%

Below 1% rule

Cap Rate Rating

Moderate

Typical for stable markets with moderate growth potential. Balanced risk-return profile.

Market Snapshot

Population	467,665
5-Year Population Growth	+15.0%
Median Household Income	$72,000
Vacancy Rate	4.8%
Property Tax Rate	0.80%($3,040/yr)

Investor Takeaway

Raleigh Research Triangle is one of the strongest job markets in the US with tech, biotech, and university employment. Low vacancy and high income support premium rents — a growth-first market.

Quick Math

Estimated annual numbers for a median-priced property in Raleigh, NC before financing:

Annual Gross Rent$20,400

Less Vacancy (4.8%)($979)

Less Property Tax (0.80%)($3,040)

Less Est. Insurance + Maintenance($7,600)

Estimated NOI$8,781

Implied Cap Rate2.3%

Estimates based on median values. Insurance + maintenance estimated at 2% of home value. Actual results vary by property condition, neighborhood, and management.