Rental Property Underwriting in Raleigh, NC
Research Triangle demand; low vacancy, thin cap rates.
Typical SFR price
$400,000 – $500,000
3-bed rent (monthly)
$2,000 – $2,600
Effective property-tax rate
0.85% – 1.05%
Insurance (annual, ~$300k SFR)
$1,100 – $1,600
Gross rent-to-price (monthly)
0.48% – 0.60%
Landlord-tenant climate
landlord-friendly
Ranges compiled from Zillow, Redfin, and county assessor public data. Last reviewed 2025-10. Use as directional inputs, not appraisals.
What makes underwriting in Raleigh different
- Vacancy typically <5% — model 4% rather than the default 5-7%.
- Tech and pharma tenants push rents in the Triangle corridor.
- New construction supply is a real risk for 2025-2026 rents.
Quick worked example
Mid-range Raleigh deal: $450,000 purchase, $2,300/mo rent → gross yield 6.13%. Whether that cash-flows depends on your rate, down payment, taxes at post-sale assessment, and insurance quote — not the metro average.
Other US markets we cover
Rental underwriting in Atlanta, GA →Rental underwriting in Charlotte, NC →Rental underwriting in Tampa, FL →Rental underwriting in Orlando, FL →Rental underwriting in Jacksonville, FL →Rental underwriting in Phoenix, AZ →Rental underwriting in Las Vegas, NV →Rental underwriting in Dallas, TX →Rental underwriting in Houston, TX →Rental underwriting in Austin, TX →Rental underwriting in San Antonio, TX →Rental underwriting in Columbus, OH →
Educational content only, not investment or legal advice. Verify all numbers with local professionals before making an offer.