MarketsRun a deal in this market
State · NC
North Carolina
Data as of November 2024· Sources: Zillow ZHVI/ZORI, Census ACS
Strategy
Median home value
$331k
+2.9%Zillow ZHVI
Median rent
$1,700/mo
+4.2%Zillow ZORI
Gross yield
6.16%
Rent × 12 / value
Rent/price ratio
0.000%
1% rule benchmark
Median household income
$67,481
Census ACS
Owner-occupied
65.9%
Census ACS
Renter-occupied
34.1%
Census ACS
Population
-
Census ACS
What this means for LTR investors
Gross yield of 6.16% is below the 7% LTR sweet spot; you'd lean on appreciation here.
Rent grew 4.2% YoY while values moved 2.9%. That gap drives whether yield compresses or expands over time.
Renter share is 34% - a deep renter pool means lower vacancy risk in North Carolina.
Median income of $67,481 sets the affordability ceiling on rent growth.