Market Snapshot
- Median listing price
- $370K
- Median rent
- $1,550/mo
- Days on market
- 266 days
- Gross rental yield
- 5.03%
- STR vs LTR
- $1,483/mo STR · $1,550/mo LTR
The median listing price in Raleigh, NC ZIP 27604 is $369,985 as of June 2026.
The median market rent in Raleigh, NC ZIP 27604 is $1,550/month as of June 2026.
The median days on market in Raleigh, NC ZIP 27604 is 266 days as of June 2026. The market is currently neutral.
At a median list price of $369,985 and a median rent of $1,550/month, the gross rental yield in Raleigh, NC ZIP 27604 is 5.03% as of June 2026.
In Raleigh, NC ZIP 27604, median Airbnb revenue is $1,483/month compared to median long-term rent of $1,550/month as of June 2026.
Raleigh, NC 27604 Real Estate Market Report
ZIP Code: 27604
Report Date: June 2026
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.
Market Metrics
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
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
Liquidity & Velocity
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.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in Raleigh, NC are 6.75% compared to the 6.375% average observed in early 2026, indicating that property owners who secured loans earlier this year locked in a more favorable rate.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- The primary indicator, median sold price is $367,776, which reflects recent transaction-level market value and aligns with a market that is stabilizing after rapid growth; this appears consistent with a slight upward price trend (up) reported for the area.
- The relative spread between the $369,985 median listing price and the $367,776 median sold price suggests limited pricing friction and that asking prices are generally representative of realized sale values; longer median days on market of 266 signals slower sales velocity and may indicate that sellers should expect extended marketing timelines (slower sales velocity).
- Interest-rate dynamics are an important headwind: current local rates of 6.75% versus the earlier average of 6.375% mean some owners locked in more favorable financing; combined with reported moderate interest rate pressure, this may temper buyer urgency and refinance activity.
- Fundamental demand signals are steady: median price per square foot is $205 while median market rent is $1,550, and rent growth is reported as flat, suggesting rental income is not currently driving sharp investor pressure in the SFR and condo segments.
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
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold above market average
Sold above market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.53% rate, 0.8% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 6/1/2026
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