South Raleigh, Wake County, NC

Median Home Price Price

$291,791 $291.8K

Median Monthly Rent Rent

$1,771 $1.8K

14.0x

Market Snapshot

South Raleigh, Wake County, NC is a neighborhood market with a median home price of $291,791, a median monthly rent of $1,771, a GRM of 14.0x, and a price-to-rent ratio of 13.7.

More markets to explore

01 Southeast Raleigh, Wake County, NC
Top recommendation Nearby alternative Similar GRM Similar rent
High confidence
Price $299.1K
Rent $1.8K
GRM 14.0x
Explore the data
Region Show
Southeast Raleigh
$299K $1.8K 14.0x
Northeast Raleigh
$332K $1.9K 15.0x
Southwest Raleigh
$335K $1.8K 15.0x

Home prices

Monthly rent

GRM = home price / annual rent

Region Show
Westchester, Mecklenburg County, NC
$266K $1.8K 12.0x

Home prices

Monthly rent

GRM = home price / annual rent

Region Show
Estancia, Osceola County, FL Explore deeper
$332K $2.2K 13.0x
Angel City, Brevard County, FL
$422K $1.8K 20.0x
Sandalwood, Duval County, FL Explore deeper
$343K $2.1K 14.0x

Home prices

Monthly rent

GRM = home price / annual rent

South Raleigh

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Benchmark comparison

Rent in South Raleigh, NC is 1.2% lower than Southeast Raleigh, NC.

Compare to Southeast Raleigh, NC
South Raleigh, NC
Southeast Raleigh, NC
Delta
Median rent
$1,771
$1,793
+$22
Median price
$291,791
$299,134
+$7,343
YoY change
-$2
$0
+$2
Price-to-rent
13.7x
13.9x
+0.2x

Key takeaways

  • South Raleigh, Wake County, NC has a lower-grm screening profile: At 14.0x GRM, current rent may provide stronger support relative to price.
  • Low GRM can also reflect operating friction, softer appreciation expectations, or local risk that GRM does not capture.
  • Rent is down about $2 year over year, so use alternatives to test whether the trend is market-specific.
  • Rent in South Raleigh, NC is 1.2% lower than Southeast Raleigh, NC.