Real Estate Investing in Raleigh, North Carolina (27616)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 27616 (Raleigh, NC)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Raleigh, NC (27616)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 27616 Raleigh
From a cash-flow lens, ZIP 27616 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $356K median. It rewards specialists, not generalists.
The investment case in 27616 is healthy only for operators who understand what they are buying. A $356K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Statewide comparisons place 27616 among NC's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
A significant renter share of 42% in 27616 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The 27616 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Raleigh:
Property Strategy for 27616
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $246,301 | $1,820 | 5.3% | +7.5% | $123,150 |
| 3BR | $328,502 | $2,280 | 5.0% | +6.8% | $109,501 |
| 4BR | $420,936 | $3,050 | 5.2% | +6.9% | $105,234 |
| 5BR | $491,063 | — | — | +7.1% | $98,213 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 27616 Compare?
| Metric | 27616 | Raleigh | Raleigh-Cary, NC | North Carolina |
|---|---|---|---|---|
| Home Value | $356,090 | $469,319 | N/A | $330,565 |
| 5-Year CAGR | 3.3% | 4.5% | N/A | 7.8% |
| Avg Rent | $1,607 | $1,618 | N/A | - |
| Cap Rate | 3.5% | 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 27616 (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 | $356,090 |
| Monthly Rent | $1,607 |
| Price-to-Rent | 18.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 6.8% |
📈 Home Appreciation
| 1-Year | -1.9% ▼ |
| 3-Year CAGR | -1.8% ▼ |
| 5-Year CAGR | +3.3% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 Rent Trends
| 1-Year | -7.6% ▼ |
| 3-Year CAGR | -1.6% ▼ |
| 5-Year CAGR | +1.0% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.5%). 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 27616
Population: 61,161
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 27616
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
Frequently Asked Questions
How tight is the rental market in Raleigh, NC?
Vacancy in Raleigh, NC is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,607/mo.
What is the renter demographic in Raleigh, NC?
Tenant demand in Raleigh, NC is solid. The local workforce $1,607/mo rents across most rental classes.
How strict are landlord regulations in Raleigh, NC?
Raleigh, NC falls under NC landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Does house hacking work in Raleigh, NC?
For house hackers, Raleigh, NC is a challenging. The $1,607/mo rent on a unit helps defray the mortgage on a $356K property.
Is housing expensive in Raleigh, NC?
Typical homes in Raleigh, NC go for around $356K. The 5-year CAGR of 0.0% reliable price movement.
You know 27616 now. You don’t know where it ranks.
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How 27616 ranks in Raleigh-Cary, NC
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