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Market Snapshot

Median listing price
$560K

The median listing price in Raleigh, NC ZIP 27601 is $560,000 as of June 2026.

Median rent
$1,899/mo

The median market rent in Raleigh, NC ZIP 27601 is $1,899/month as of June 2026.

Days on market
405 days

The median days on market in Raleigh, NC ZIP 27601 is 405 days as of June 2026. The market is currently neutral.

Gross rental yield
4.07%

At a median list price of $560,000 and a median rent of $1,899/month, the gross rental yield in Raleigh, NC ZIP 27601 is 4.07% as of June 2026.

STR vs LTR
$2,452/mo STR · $1,899/mo LTR

In Raleigh, NC ZIP 27601, median Airbnb revenue is $2,452/month compared to median long-term rent of $1,899/month as of June 2026.

Raleigh, NC 27601 Real Estate Market Report

ZIP Code: 27601

Report Date: June 2026

Market Temperature:
NEUTRAL

Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.


Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Analysis Window
90 Days
Total Properties Analyzed
67
Active Listings
31
Sold Properties
36

Market Metrics

Median Listing Price
$560,000
Median Sold Price
$506,000
Median Price per Sqft
$358/sqft

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.


Rental Market

Median Market Rent
$1,899

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.


Property Taxes

Property Tax Rate
0.80%

Liquidity & Velocity

Median Days on Market
405
Sale-to-List Ratio
100.0%

Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Price YoY Trend
up
Market Temperature
neutral
Rent YoY Trend
up
Interest Rate Pressure
moderate

Key Findings

  1. The neighborhood’s primary indicator of market value is the median sold price — $506,000 — which should be treated as the representative recent sale signal for local valuation and underwriting (representative recent sale).
  2. The median listing price is $560,000, noticeably above the median sold price; this spread suggests seller pricing expectations exceed transaction levels and may create pricing friction during negotiations.
  3. Observed market liquidity is slow: the median days on market is 405, which points to slower sales velocity even as sample-level supply is described as relatively constrained active supply; this combination may require longer marketing windows or targeted pricing adjustments to achieve contracted sales.
  4. Local fundamentals show strengthening price and rent trends: year-over-year price trend is up and rent year-over-year trend is up, while market temperature is neutral and interest rate pressure is moderate — collectively indicating a balanced market where modest appreciation and rental growth coexist with moderate interest rate pressure on affordability.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.

Recent Transactions

130 N Bloodworth St, Raleigh, NC 27601
Top Sale

Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.

5 beds3 baths3,473 sqft
$1,420,000
Apr 1, 2026
$409/sqft/sqft
6695 days on market
117 S Bloodworth St, Raleigh, NC 27601
Premium

Sold above market average

2 beds3.5 baths2,182 sqft
$1,325,000
Apr 1, 2026
$607/sqft/sqft
3523 days on market
404 Oakwood Ave, Raleigh, NC 27601
Premium

Sold above market average

2 beds3.5 baths2,843 sqft
$1,265,000
Apr 1, 2026
$445/sqft/sqft
8103 days on market
1023 Holmes St, Raleigh, NC 27601
Value

Sold below market average

3 beds2 baths2,072 sqft
$615,000
Apr 1, 2026
$297/sqft/sqft
6480 days on market
318 Cooke St, Raleigh, NC 27601
Premium

Sold above market average

3 beds2.5 baths1,281 sqft
$595,000
Apr 1, 2026
$464/sqft/sqft
264 days on market
602 Hay Ln, Raleigh, NC 27601
Market Benchmark

Sold at market average

3 beds2.5 baths1,556 sqft
$590,000
Apr 1, 2026
$379/sqft/sqft
234 days on market
305 Freeman St, Raleigh, NC 27601
Value

Sold below market average

3 beds1 baths1,206 sqft
$375,000
Apr 1, 2026
$311/sqft/sqft
405 days on market
627 Church St, Raleigh, NC 27601
Value

Sold below market average

2 beds1 baths934 sqft
$280,000
Apr 1, 2026
$300/sqft/sqft
107 days on market

Investment Analysis

Compare rental income potential against ownership costs and benchmark against market averages.

Rent vs Cost to Own

Monthly rental income vs estimated ownership cost

-$1,146/mo
27601 Avg Rent
27601 Cost to Own
Rent$1,899
Own$3,045

20% down, 6.50% rate, 0.8% tax

Short-Term Rental

Avg nightly rate and occupancy for this ZIP

27601 Avg nightly rate
27601 Avg occupancy (days/year)
Nightly rate$176/night
Occupancy154 of 365 days

Data Sources

Real estate market data & public records, and GemHaus® proprietary models.

Report generated: 6/1/2026

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