Market Analysis

Raleigh, NC Multifamily Market

Cap rates, rent trends, and underwriting benchmarks for Raleigh apartment investors.

5.2%
Avg Cap Rate
4.5% – 6.2%
Cap Rate Range
1.28x
Avg DSCR
$200,000
Price / Unit
$1,450
Avg Rent / Unit
6.5%
Vacancy Rate
+3.2%
YoY Rent Growth
480,000
Population

Market Trend

The Research Triangle continues to attract tech and biotech employment, driving consistent population growth. Apple's campus expansion and other corporate arrivals support long-term demand. New supply is elevated but being absorbed. North Hills and Downtown Raleigh lead in rents.

Lender Notes

Competitive lending environment with aggressive agency terms. 1.20x DSCR achievable on well-located assets. Strong lender appetite for the market.

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