Real Estate Investing in Raleigh, North Carolina (27614)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 27614 (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: 10.7% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 37.4 — hard to cash-flow at these prices.
What’s happening in Raleigh, NC (27614)?
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Market Analysis: 27614 Raleigh
The 27614 ZIP covers a section of Raleigh that demands careful diligence. Prices near $689K look accessible, but the work to make a deal cash flow is real.
Distressed markets are won on execution, not on spreadsheets. ZIP 27614 stands at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Nearby ZIPs in Raleigh have seen price recovery that 27614 has not matched. Wake County data supports the view that the spread is structural rather than temporary.
Who lives in 27614 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
appears 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 27614
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $297,438 | $1,860 | 4.5% | +7.0% | $148,719 |
| 3BR | $403,520 | $2,330 | 4.2% | +7.6% | $134,507 |
| 4BR | $751,501 | $3,120 | 3.0% | +9.5% | $187,875 |
| 5BR | $968,706 | — | — | +9.9% | $193,741 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 27614 Compare?
| Metric | 27614 | Raleigh | Raleigh-Cary, NC | North Carolina |
|---|---|---|---|---|
| Home Value | $689,138 | $469,319 | N/A | $330,565 |
| 5-Year CAGR | 6.3% | 4.5% | N/A | 7.8% |
| Avg Rent | $1,538 | $1,618 | N/A | - |
| Cap Rate | 1.7% | 2.6% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 27614 (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 | $689,138 |
| Monthly Rent | $1,538 |
| Price-to-Rent | 37.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.7% |
| Cap Rate | 1.7% |
| 5-Year IRR | 8.0% |
📈 Home Appreciation
| 1-Year | +1.4% ▲ |
| 3-Year CAGR | +2.2% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 Rent Trends
| 1-Year | -6.9% ▼ |
| 3-Year CAGR | -1.9% ▼ |
| 5-Year CAGR | +0.9% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (1.7%). 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 27614
Population: 33,021
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 27614
Schools in This ZIP Code
About Repit School Scores
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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
Frequently Asked Questions
What is the average home sale price in Raleigh, NC?
The median home value in Raleigh, NC is roughly $689K. That puts it reasonable relative to the NC statewide average.
Do rentals sit vacant long in Raleigh, NC?
Raleigh, NC sees elevated vacancy, which is reasonable relative to the broader NC rental market.
Is rental property easy to operate in Raleigh, NC?
Raleigh, NC falls under NC landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Can I live-in-and-rent in Raleigh, NC?
House hacking in Raleigh, NC is reasonable to execute. Prices around $689K and rents of $1,538/mo solid owner-occupant economics.
Which real estate strategy fits Raleigh, NC?
In Raleigh, NC the robust play is typically careful cash-flow rentals with hands-on management. The combination of $689K prices and $1,538/mo rents suits that approach.
You know 27614 now. You don’t know where it ranks.
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How 27614 ranks in Raleigh-Cary, NC
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