Rental Markets in North Carolina
DoorBase tracks rental market data across North Carolina by ZIP code. This state page is a crawlable index for investors comparing rents, cap-rate estimates, vacancy, demographics, home values, renter share, household income, and employment conditions before drilling into individual ZIP pages.
North Carolina Rental Market Overview
The current sample of indexable North Carolina ZIP markets shows average median rent of $1,644, average median home value of $377,903, average cap-rate high of 4.2%, average vacancy of 8.2%, renter ratio near 38.1%, and median household income around $79,345. These statewide figures are directional and should be used to compare markets before reviewing a specific ZIP code.
North Carolina is not one rental market. Large cities, inner suburbs, commuter towns, college markets, rural counties, resort areas, and industrial corridors can produce very different rent levels and ownership economics. DoorBase keeps the canonical content at the ZIP level so investors can move from a broad state view into the most precise local data available.
Featured North Carolina ZIP Markets
| ZIP | City | Rent | Cap Rate | Vacancy | Population |
|---|
| 27587 |
Wake Forest |
$1,813 |
1.8-3.4% |
4.5% |
81,902 |
| 28269 |
Charlotte |
$1,811 |
2.9-4.5% |
5.8% |
80,396 |
| 27610 |
Raleigh |
$1,860 |
3.5-5.1% |
5.3% |
80,173 |
| 28027 |
Concord |
$1,776 |
2.3-3.9% |
12.1% |
79,429 |
| 28277 |
Charlotte |
$2,013 |
1.6-3.2% |
5.2% |
72,375 |
| 28078 |
Huntersville |
$1,906 |
1.8-3.4% |
4.5% |
69,907 |
| 27519 |
Cary |
$1,987 |
1.3-2.9% |
4% |
67,976 |
| 28215 |
Charlotte |
$2,047 |
3.4-5% |
6.6% |
65,789 |
| 27406 |
Greensboro |
$1,262 |
3.2-4.8% |
7.5% |
63,661 |
| 28173 |
Waxhaw |
$2,593 |
1.9-3.5% |
4.1% |
63,503 |
| 27703 |
Durham |
$1,839 |
2.7-4.3% |
6.4% |
62,994 |
| 27616 |
Raleigh |
$1,635 |
2.6-4.2% |
5% |
61,161 |
| 28227 |
Charlotte |
$1,648 |
2.3-3.9% |
5.9% |
60,162 |
| 27526 |
Fuquay-Varina |
$1,932 |
2.4-4% |
4.1% |
59,306 |
| 27713 |
Durham |
$1,562 |
1.9-3.5% |
4.6% |
58,409 |
| 28025 |
Concord |
$1,847 |
3.1-4.7% |
13.5% |
57,510 |
| 27284 |
Kernersville |
$1,751 |
3.1-4.7% |
6.4% |
57,119 |
| 27858 |
Greenville |
$1,468 |
3.2-4.8% |
10.3% |
56,258 |
| 28655 |
Morganton |
$1,475 |
3.3-4.9% |
9.8% |
56,201 |
| 28314 |
Fayetteville |
$1,387 |
3.6-5.2% |
9.2% |
56,200 |
| 28110 |
Monroe |
$1,997 |
3.1-4.7% |
7.2% |
55,807 |
| 27529 |
Garner |
$1,854 |
2.7-4.3% |
5.9% |
55,201 |
| 27834 |
Greenville |
$1,423 |
4.1-5.7% |
10.8% |
55,073 |
| 27410 |
Greensboro |
$1,408 |
2-3.6% |
8.9% |
54,317 |
| 28216 |
Charlotte |
$1,733 |
3.1-4.7% |
7.7% |
54,052 |
| 27603 |
Raleigh |
$1,726 |
2.2-3.8% |
9.9% |
53,835 |
| 28601 |
Hickory |
$1,462 |
2.6-4.2% |
9.2% |
52,839 |
| 27407 |
Greensboro |
$1,335 |
3.1-4.7% |
8.2% |
52,583 |
| 27405 |
Greensboro |
$1,380 |
3.7-5.3% |
8.4% |
52,525 |
| 27107 |
Winston-Salem |
$1,582 |
3.9-5.5% |
8.6% |
51,305 |
| 28205 |
Charlotte |
$1,771 |
2-3.6% |
7.3% |
51,297 |
| 27707 |
Durham |
$1,450 |
1.8-3.4% |
8.6% |
50,865 |
| 28540 |
Jacksonville |
$1,415 |
3.1-4.7% |
12.1% |
50,808 |
| 27265 |
High Point |
$1,533 |
2.9-4.5% |
5.1% |
50,123 |
| 27106 |
Winston-Salem |
$1,281 |
2-3.6% |
11.9% |
49,296 |
| 28273 |
Charlotte |
$1,650 |
2.4-4% |
5.4% |
49,141 |
| 27520 |
Clayton |
$1,805 |
3.1-4.7% |
4.9% |
48,662 |
| 27360 |
Thomasville |
$1,246 |
2.9-4.5% |
8.2% |
48,520 |
| 27705 |
Durham |
$1,599 |
1.7-3.3% |
9.6% |
48,412 |
| 28117 |
Mooresville |
$1,539 |
1-2.6% |
11.4% |
48,170 |
| 28546 |
Jacksonville |
$1,462 |
3.1-4.7% |
8.9% |
48,122 |
| 28210 |
Charlotte |
$1,437 |
1-2.6% |
7.4% |
47,537 |
| 27513 |
Cary |
$1,610 |
1.3-2.9% |
7% |
47,444 |
| 27502 |
Apex |
$2,102 |
1.9-3.5% |
4.6% |
47,436 |
| 27516 |
Chapel Hill |
$2,294 |
1.9-3.5% |
7.9% |
46,372 |
| 28645 |
Lenoir |
$1,228 |
3.3-4.9% |
11.4% |
46,237 |
| 27540 |
Holly Springs |
$1,805 |
1.5-3.1% |
6% |
45,993 |
| 27215 |
Burlington |
$1,244 |
2.2-3.8% |
8.1% |
45,967 |
| 28105 |
Matthews |
$1,731 |
1.8-3.4% |
5% |
45,922 |
| 28262 |
Charlotte |
$1,544 |
2.5-4.1% |
10.3% |
45,884 |
| 27606 |
Raleigh |
$1,466 |
1.6-3.2% |
12.5% |
45,728 |
| 27615 |
Raleigh |
$1,505 |
1.2-2.8% |
7% |
45,722 |
| 28213 |
Charlotte |
$1,567 |
2.7-4.3% |
9.8% |
45,676 |
| 28806 |
Asheville |
$1,797 |
2.5-4.1% |
20% |
45,644 |
| 27613 |
Raleigh |
$1,394 |
0.9-2.5% |
8.4% |
44,357 |
| 28451 |
Leland |
$1,631 |
2.3-3.9% |
7.1% |
44,262 |
| 28306 |
Fayetteville |
$1,750 |
3.8-5.4% |
8.6% |
44,098 |
| 27604 |
Raleigh |
$1,594 |
2.6-4.2% |
10.8% |
44,094 |
| 28376 |
Raeford |
$1,748 |
3.6-5.2% |
8.3% |
43,980 |
| 28115 |
Mooresville |
$2,023 |
2.8-4.4% |
7.1% |
42,862 |
Notable ZIP Markets in This Sample
The highest estimated cap-rate band in this sample tops out at 5.8% in ZIP 27105 (Winston-Salem).
The lowest vacancy in this sample is 3.5% in ZIP 28079 (Indian Trail).
The highest median rent in this sample is $2,593 in ZIP 28173 (Waxhaw).
The highest median household income in this sample is $159,414 in ZIP 27519 (Cary).
Rental Markets by City
Charlotte
Charlotte has 14 ZIP codes in this sample. Median rents range from $1,347 to $2,047. Estimated cap-rate bands reach up to 5.1% at the high end. Vacancy averages 7.3%. See ZIP 28269 for the full market profile.
Raleigh
Raleigh has 8 ZIP codes in this sample. Median rents range from $1,394 to $1,860. Estimated cap-rate bands reach up to 5.1% at the high end. Vacancy averages 8.6%. See ZIP 27610 for the full market profile.
Durham
Durham has 5 ZIP codes in this sample. Median rents range from $1,450 to $1,839. Estimated cap-rate bands reach up to 5.0% at the high end. Vacancy averages 6.7%. See ZIP 27703 for the full market profile.
Greensboro
Greensboro has 4 ZIP codes in this sample. Median rents range from $1,262 to $1,408. Estimated cap-rate bands reach up to 5.3% at the high end. Vacancy averages 8.3%. See ZIP 27406 for the full market profile.
Winston-Salem
Winston-Salem has 4 ZIP codes in this sample. Median rents range from $1,202 to $1,754. Estimated cap-rate bands reach up to 5.8% at the high end. Vacancy averages 11.7%. See ZIP 27107 for the full market profile.
Concord
Concord has 2 ZIP codes in this sample. Median rents range from $1,776 to $1,847. Estimated cap-rate bands reach up to 4.7% at the high end. Vacancy averages 12.8%. See ZIP 28027 for the full market profile.
Cary
Cary has 2 ZIP codes in this sample. Median rents range from $1,610 to $1,987. Estimated cap-rate bands reach up to 2.9% at the high end. Vacancy averages 5.5%. See ZIP 27519 for the full market profile.
Greenville
Greenville has 2 ZIP codes in this sample. Median rents range from $1,423 to $1,468. Estimated cap-rate bands reach up to 5.7% at the high end. Vacancy averages 10.6%. See ZIP 27858 for the full market profile.
Fayetteville
Fayetteville has 2 ZIP codes in this sample. Median rents range from $1,387 to $1,750. Estimated cap-rate bands reach up to 5.4% at the high end. Vacancy averages 8.9%. See ZIP 28314 for the full market profile.
Jacksonville
Jacksonville has 2 ZIP codes in this sample. Median rents range from $1,415 to $1,462. Estimated cap-rate bands reach up to 4.7% at the high end. Vacancy averages 10.5%. See ZIP 28540 for the full market profile.
Mooresville
Mooresville has 2 ZIP codes in this sample. Median rents range from $1,539 to $2,023. Estimated cap-rate bands reach up to 4.4% at the high end. Vacancy averages 9.3%. See ZIP 28117 for the full market profile.
Burlington
Burlington has 2 ZIP codes in this sample. Median rents range from $1,244 to $1,411. Estimated cap-rate bands reach up to 5.3% at the high end. Vacancy averages 9.5%. See ZIP 27215 for the full market profile.
How to Use the North Carolina Directory
Start with the state page to understand the range of rental markets, then open individual ZIP pages for the numbers that matter most to underwriting. A state average can hide important local differences. One ZIP may have stronger rent growth and lower vacancy while a nearby ZIP has better purchase prices but weaker renter demand.
The most useful investor workflow is to compare rent, cap rate, vacancy, home value, renter ratio, household income, population growth, unemployment, and job growth together. No single number is enough. A high cap-rate estimate can be offset by weak income, high vacancy, or limited tenant demand. A lower cap-rate estimate can still make sense if the market has strong income, job growth, and durable renter demand.
State Coverage and Internal Links
This page links into the canonical ZIP URL structure, such as /rentals/nc/30318, without bringing back city parent pages. That structure keeps DoorBase clean for search engines: state pages organize the directory, ZIP pages hold the canonical data, and future market guides can exist separately as heavier editorial SEO hubs.
DoorBase currently tracks 80 sampled ZIP markets across 42 North Carolina cities in this crawlable state summary. The live React page may show a broader interactive directory after JavaScript loads, while this fallback body ensures crawlers receive meaningful text and links immediately.
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