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Raleigh, NC Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,609
Monthly Cash Flow
-$935
Principal + Equity
$2,739
Annual Total Gain
$21,644
Cash on Cash
-10.31%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$175
Occupancy Rate
60%
Monthly Revenue
$2,456
Monthly Cash Flow
-$457
Principal + Equity
$2,739
Annual Total Gain
$27,388
Cash on Cash %
-5.03%
Net ROI %
Market Health & Growth
Median Income
$82,424
Population
470,763
LTR Renter %
48.76%
Forecast (1 yr)
0.93%
Appreciation (1 yr)
-2.83%
Appreciation (5 yr)
41.03%
Appreciation (10 yr)
89.89%
Job Growth
1.74%
LTR Rentability
Very High
STR Demand
66
STR Rentals
2,004
Top Public Schools
ANorth Carolina School of Science and Mathematics
ARaleigh Charter High School
A
A
A
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
A-
Overall
Top-level market grade
Best Cities to Live in America
#22out of 229 markets
Best Cities to Raise a Family in America
#22out of 229 markets
Cities with the Best Public Schools in America
#27out of 229 markets
A-
Public School
C-
Crime And Safety
B-
Housing
B
Nightlife
A-
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Raleigh, NC.
In Raleigh, NC, Short Term Rentals (STRs) are regulated by the city's Unified Development Ordinance (UDO). Here are some key regulations that an investor should be aware of before purchasing a property for STR:
1. Zoning: STRs are only allowed in certain zoning districts in Raleigh. It is important for investors to check the zoning regulations for the property they are interested in to ensure that it is allowed for short term rentals.
2. Permitting: In order to operate a STR in Raleigh, investors must obtain a Short Term Rental Permit from the city. The permit application process includes providing proof of insurance, a site plan, and a signed affidavit stating that the property meets all safety and health requirements.
3. Occupancy limits: There are occupancy limits for STRs in Raleigh, which vary depending on the size of the property. Investors should be aware of these limits and ensure that they are in compliance with them.
4. Noise and nuisance regulations: Raleigh has regulations in place to address noise and nuisance issues related to STRs. Investors should be aware of these regulations and take steps to ensure that their guests are respectful of their neighbors.
5. Taxes: STRs in Raleigh are subject to occupancy taxes, which must be collected and remitted to the city. Investors should be aware of these tax obligations and ensure that they are in compliance with them.
6. Homeowner's association rules: If the property is located in a neighborhood with a homeowner's association (HOA), investors should review the HOA rules and regulations to ensure that STRs are allowed and that they are in compliance with any restrictions.
Overall, investors interested in purchasing a property for Short Term Rental in Raleigh, NC should carefully review the city's regulations and ensure that they are in compliance with all requirements before proceeding with their investment.
Market Trends Over Time
Explore 25 years of market data for Raleigh, NC, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Raleigh, NC.
The LTR Genie Score of Raleigh, NC is 68 and STR Genie Score is 63, indicating a high level of rentability for both long-term and short-term rental properties in the area. The LTR Net ROI of 19.87% and STR Net ROI of 25.14% suggest that both rental strategies can be profitable in Raleigh. The 1-Year Price Appreciation Forecast of 0.93% indicates potential growth in property values.
The LTR Genie Score is slightly higher than the STR Genie Score, which could be attributed to the higher LTR Rent Growth Rate and slightly higher LTR Net ROI. However, the STR Net ROI is also attractive, making short-term rentals a viable option in Raleigh.
Raleigh, NC is a growing city known for its strong job market, top universities, and vibrant cultural scene. The city's population growth and diverse economy make it a desirable location for real estate investment.
In conclusion, Raleigh, NC presents a favorable market for both long-term and short-term rental investments. Investors may consider diversifying their portfolio by exploring opportunities in both rental strategies to maximize returns in this thriving market.
