Market Snapshot
- Median listing price
- $872K
- Median rent
- $1,532/mo
- Days on market
- 362 days
- Gross rental yield
- 2.11%
- STR vs LTR
- $2,668/mo STR · $1,532/mo LTR
The median listing price in Raleigh, NC ZIP 27609 is $872,450 as of June 2026.
The median market rent in Raleigh, NC ZIP 27609 is $1,532/month as of June 2026.
The median days on market in Raleigh, NC ZIP 27609 is 362 days as of June 2026. The market is currently neutral.
At a median list price of $872,450 and a median rent of $1,532/month, the gross rental yield in Raleigh, NC ZIP 27609 is 2.11% as of June 2026.
In Raleigh, NC ZIP 27609, median Airbnb revenue is $2,668/month compared to median long-term rent of $1,532/month as of June 2026.
Raleigh, NC 27609 Real Estate Market Report
ZIP Code: 27609
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 6.68% as of June 2026, reflecting a period of elevated borrowing costs for property owners in this market.
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 $701,000, reflecting realized market value in recent transactions and revealing a notable spread versus the median listing price of $872,450, which suggests seller expectations above transaction levels.
- Liquidity appears slow with median days on market at 362, which suggests slower sales velocity and potential pricing friction even as the market operates under neutral conditions.
- Market balance signals stabilization: market temperature is neutral and the price year-over-year trend is flat, indicating price stabilization rather than strong appreciation or decline and supporting a balanced pricing environment.
- Demand and cost pressures are mixed: rent year-over-year trend is up with median market rent at $1,532, while interest rate pressure is moderate and current 30-year fixed mortgage rates are averaging 6.68%, which may sustain rental demand and partially constrain purchase activity.
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, 0.7% 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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