Market Snapshot
- Median listing price
- $414K
- Median rent
- $1,432/mo
- Days on market
- 287 days
- Gross rental yield
- 4.16%
- STR vs LTR
- $1,460/mo STR · $1,432/mo LTR
The median listing price in Raleigh, NC ZIP 27606 is $413,500 as of June 2026.
The median market rent in Raleigh, NC ZIP 27606 is $1,432/month as of June 2026.
The median days on market in Raleigh, NC ZIP 27606 is 287 days as of June 2026. The market is currently neutral.
At a median list price of $413,500 and a median rent of $1,432/month, the gross rental yield in Raleigh, NC ZIP 27606 is 4.16% as of June 2026.
In Raleigh, NC ZIP 27606, median Airbnb revenue is $1,460/month compared to median long-term rent of $1,432/month as of June 2026.
Raleigh, NC 27606 Real Estate Market Report
ZIP Code: 27606
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
Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.
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 averaging approximately 6.6%, reflecting a market where rates remain elevated compared to historical lows.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- $636,000 — The median sold price is the primary indicator of current market value and recent transaction activity in ZIP 27606, representing the most reliable signal of what buyers are actually paying in recent closed sales.
- 287 median days on market suggests materially slower sales velocity and extended time to transact; this long selling time, together with the market context, appears to reflect pricing friction and softening liquidity rather than rapid turnover.
- $413,500 median listing price versus $636,000 median sold price points to a notable spread between asking and realized prices that may indicate divergent seller expectations and pricing friction in negotiations; sellers and agents should calibrate pricing strategy to align with recent closed-sale levels.
- Market indicators show down price year-over-year trend while rent is up and interest rate pressure is elevated, with an overall market temperature described as neutral; this combination suggests steady underlying demand amid rate headwinds, supporting cautious pricing and negotiation strategies.
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
Sold above market average
Sold at market average
Sold at market average
Sold below market average
Sold above 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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