2024 · North Carolina
Rental yield in North Carolina
In 2024, the typical rental in North Carolina produced a gross yield of 4.8% — $1,338/mo median rent against a $333K median home value, ranking 23rd of 51 states.
4.8%
Gross rental yield
below the 4.9% U.S. median
$1,338/mo
Median gross rent
incl. utilities (ACS)
$333K
Median home value
owner-occupied (ACS)
North Carolina metros by yield
Metropolitan areas in North Carolina with at least 65,000 residents, ranked by gross rental yield.
| Metro | Gross yield | Median rent | Median value |
|---|---|---|---|
| Fayetteville, NC | 7.0% | $1,334/mo | $227K |
| Jacksonville, NC | 6.4% | $1,389/mo | $262K |
| Goldsboro, NC | 6.2% | $1,087/mo | $212K |
| Rocky Mount, NC | 6.1% | $1,000/mo | $198K |
| Greensboro-High Point, NC | 5.2% | $1,171/mo | $271K |
| Virginia Beach-Chesapeake-Norfolk, VA-NC | 5.1% | $1,556/mo | $363K |
| Burlington, NC | 5.1% | $1,218/mo | $289K |
| Winston-Salem, NC | 4.9% | $1,102/mo | $271K |
| Greenville, NC | 4.8% | $986/mo | $246K |
| Charlotte-Concord-Gastonia, NC-SC | 4.8% | $1,594/mo | $400K |
| Wilmington, NC | 4.8% | $1,578/mo | $397K |
| Pinehurst-Southern Pines, NC | 4.5% | $1,346/mo | $361K |
| Durham-Chapel Hill, NC | 4.3% | $1,598/mo | $441K |
| Raleigh-Cary, NC | 4.3% | $1,674/mo | $466K |
| Hickory-Lenoir-Morganton, NC | 4.2% | $934/mo | $266K |
| Asheville, NC | 4.0% | $1,396/mo | $421K |
Frequently asked questions
What is the gross rental yield in North Carolina?
In 2024, North Carolina had a gross rental yield of 4.8% — $1,338/mo median gross rent against a $333K median home value. That ranks 23rd of 51 states (1 = highest yield). Nationally the figure was 4.9%.
Which North Carolina metros have the best rental yield?
Among North Carolina metros covered by the data, gross yield was highest in Fayetteville, NC (7.0%), Jacksonville, NC (6.4%), and Goldsboro, NC (6.2%).
Does this account for expenses or financing?
No. Gross yield is a top-line market screen — it excludes property taxes, insurance, vacancy, management, and financing. Use it to compare markets, then run a specific deal through a cap-rate or cash-flow calculator.
How investors finance deals in North Carolina
Yield shows where the numbers work; our Investor Financing Report for North Carolina shows the rate premium, denial rate, and DSCR lending investors face there.
Run a North Carolina deal
Source: U.S. Census Bureau, American Community Survey 2024 1-year estimates. Gross rental yield = (median gross rent × 12) ÷ median home value. A market screen, not a net return.