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Market Snapshot

Median listing price
$795K

The median listing price in Raleigh, NC ZIP 27614 is $795,000 as of June 2026.

Median rent
$1,513/mo

The median market rent in Raleigh, NC ZIP 27614 is $1,513/month as of June 2026.

Days on market
323 days

The median days on market in Raleigh, NC ZIP 27614 is 323 days as of June 2026. The market is currently neutral.

Gross rental yield
2.28%

At a median list price of $795,000 and a median rent of $1,513/month, the gross rental yield in Raleigh, NC ZIP 27614 is 2.28% as of June 2026.

STR vs LTR
$2,064/mo STR · $1,513/mo LTR

In Raleigh, NC ZIP 27614, median Airbnb revenue is $2,064/month compared to median long-term rent of $1,513/month as of June 2026.

Raleigh, NC 27614 Real Estate Market Report

ZIP Code: 27614

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
172
Active Listings
35
Sold Properties
137

Market Metrics

Median Listing Price
$795,000
Median Sold Price
$794,000
Median Price per Sqft
$217/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
$1,513

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
0.76%

Liquidity & Velocity

Median Days on Market
323
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

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Raleigh NC are 6.68% compared to the 6.3% average observed when many loans originated in early 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.


Key Findings

  1. The neighborhood's primary indicator, median sold price, is 794,000, reflecting the representative recent sale level and providing the best single measure of market value and completed transaction activity in ZIP 27614.
  2. Listing versus sale alignment is tight: the median listing price is 795,000, which suggests limited premium between asking and final prices and may indicate stable pricing expectations between sellers and buyers.
  3. Liquidity appears muted: the median days on market is 323, which signals slower sales velocity and moderate transaction turnover rather than rapid resales.
  4. Market direction shows price momentum but balanced conditions: price year-over-year trend is up (up), market temperature is neutral (neutral), rent year-over-year trend is up (up), and interest rate pressure is moderate (moderate)—additionally, current 30-year fixed mortgage rates are 6.68% versus a recent average of 6.3%, which may modestly constrain buyer economics and negotiation dynamics.

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

7644 Falls Creek Ln, Raleigh, NC 27614
Top Sale

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

5 beds3.5 baths5,157 sqft
$2,550,000
Apr 1, 2026
$494/sqft/sqft
175 days on market
1413 Lily Estates Dr, Raleigh, NC 27614
Premium

Sold above market average

4 beds3.5 baths5,701 sqft
$2,500,000
Apr 1, 2026
$439/sqft/sqft
200 days on market
15517 Possum Track Rd, Raleigh, NC 27614
Premium

Sold above market average

5 beds3.5 baths5,272 sqft
$2,500,000
Apr 1, 2026
$474/sqft/sqft
360 days on market
401 Martindale Dr, Raleigh, NC 27614
Premium

Sold above market average

3 beds2 baths2,388 sqft
$650,000
Apr 1, 2026
$272/sqft/sqft
94 days on market
10848 Leslie Dr, Raleigh, NC 27614
Premium

Sold above market average

3 beds3 baths2,074 sqft
$650,000
Apr 1, 2026
$313/sqft/sqft
8371 days on market
10840 Leslie Dr, Raleigh, NC 27614
Market Benchmark

Sold at market average

- beds2 baths3,243 sqft
$650,000
Apr 1, 2026
$200/sqft/sqft
2647 Vega Ct, Raleigh, NC 27614
Value

Sold below market average

3 beds2.5 baths1,560 sqft
$200,000
Apr 1, 2026
$128/sqft/sqft
8951 days on market
11710 Mezzanine Dr Unit 111, Raleigh, NC 27614
Value

Sold below market average

3 beds2.5 baths1,740 sqft
$200,000
Apr 1, 2026
$115/sqft/sqft
3995 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

-$3,251/mo
27614 Avg Rent
27614 Cost to Own
Rent$1,513
Own$4,764

20% down, 6.53% rate, 0.8% tax

Short-Term Rental

Avg nightly rate and occupancy for this ZIP

27614 Avg nightly rate
27614 Avg occupancy (days/year)
Nightly rate$186/night
Occupancy126 of 365 days

Data Sources

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

Report generated: 6/1/2026

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