Real Estate Investing in Raleigh, North Carolina (27613)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 27613 (Raleigh, NC)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 9.3% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 35.8 — hard to cash-flow at these prices.
What’s happening in Raleigh, NC (27613)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 27613 Raleigh
Put differently, ZIP 27613 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $599K median. It rewards specialists, not generalists.
Distressed markets are won on execution, not on spreadsheets. ZIP 27613 registers the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Statewide comparisons place 27613 among NC's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Who lives in 27613 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
seems to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Raleigh:
Property Strategy for 27613
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $297,387 | $1,740 | 4.2% | +7.2% | $148,693 |
| 3BR | $451,095 | $2,180 | 3.5% | +7.7% | $150,365 |
| 4BR | $718,798 | $2,910 | 2.9% | +8.9% | $179,700 |
| 5BR | $895,859 | — | — | +8.9% | $179,172 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 27613 Compare?
| Metric | 27613 | Raleigh | Raleigh-Cary, NC | North Carolina |
|---|---|---|---|---|
| Home Value | $599,443 | $469,319 | N/A | $330,565 |
| 5-Year CAGR | 5.7% | 4.5% | N/A | 7.8% |
| Avg Rent | $1,395 | $1,618 | N/A | - |
| Cap Rate | 1.8% | 2.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 27613 (Raleigh, NC). Anonymous, moderated, never written by AI.
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Property managers serving Wake County
Manage rentals here? List your business →Fox Rental Management is a licensed Real Estate Broker and Property Management Company serving Clayton & Raleigh, NC, specializing in residential management. summary from their website
RPM Property Pros is a full-service property management company in North Carolina specializing in commercial property and association management. summary from their website
Bottom Line Property Management offers property management services in Charlotte and Raleigh, focusing on maximizing owner investments. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $599,443 |
| Monthly Rent | $1,395 |
| Price-to-Rent | 35.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.8% |
| Cap Rate | 1.8% |
| 5-Year IRR | 7.5% |
📈 Home Appreciation
| 1-Year | +2.3% ▲ |
| 3-Year CAGR | +2.3% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 Rent Trends
| 1-Year | -5.5% ▼ |
| 3-Year CAGR | -1.7% ▼ |
| 5-Year CAGR | +1.1% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (1.8%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 27613
Population: 44,357
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 27613
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,422 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are renters plentiful in Raleigh, NC?
Working renters make up the core of the Raleigh, NC tenant base. The pool is reasonable for investors targeting long-term holds.
Is Raleigh in NC worth investing in?
Investors tracking Raleigh, NC will find a 3.0/5 rating supported by $599K median home values and $1,395/mo rents. That profile suits long-term holders targeting stable returns.
What kind of vacancy should I budget for in Raleigh, NC?
Raleigh, NC vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Can I live-in-and-rent in Raleigh, NC?
House hacking in Raleigh, NC is a challenging. With home values around $599K and rents at $1,395/mo, owner-occupants can offset a meaningful share of PITI.
Is housing expensive in Raleigh, NC?
Raleigh, NC home values average about $599K. That price point suits investors targeting rentals with $1,395/mo in monthly income.
You know 27613 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 27613 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 27613 ranks in Raleigh-Cary, NC
Every ZIP in this metro, ranked. Free.
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Community Ratings
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