Raleigh, NC Research Triangle Park drives tech and biotech employment; one of the fastest-growing metros in the US. This report covers current market conditions, investment fundamentals, and key metrics for real estate buyers and investors.
Current Market Snapshot
Investment Analysis
With a gross yield of 4.9% and a median price of $395,000, Raleigh sits at the lower end of the yield spectrum. A typical 2-bedroom property rents for approximately $1,612/month based on HUD Fair Market Rent data.
The affordability index of 83 suggests housing costs exceed what the median household can comfortably afford — watch for affordability-driven demand moderation.
Market Temperature: Hot
With a median DOM of 27 days and approximately 3,200 active listings and fierce competition, Raleigh's market is currently classified as hot. Low inventory is supporting seller leverage; buyers should move decisively on well-priced properties.
Key Data Points
| Metric | Value |
|---|---|
| Median Sale Price | $395,000 |
| YoY Price Change | +3.5% |
| Median Days on Market | 27 days |
| Active Listings | 3,200 |
| Est. 2BR Fair Market Rent | $1,612/mo |
| Gross Rental Yield | 4.9% |
| Median Household Income | $74,000 |
| Affordability Index | 83 |
Getting Live Data via API
ZipMarketData provides live data for all ZIP codes within the Raleigh, NC metro. Use the /market-stats endpoint with any Raleigh ZIP code for the most current figures.