Data updated 2026-06-29 · 125 active rental listings analyzed · 434 SFR sales in comp window
$1,300
3BR Median Rent
$163K
Median SFR Price
5.4%
Est. Cap Rate
9.6%
Gross Yield
Rental Market by Bedroom — Raleigh
Median asking rent, interquartile range, and active comp count. Source: live Memphis MLS rental listings, updated 2026-06-29.
Size
Median Rent
Typical Range (P25–P75)
Active Comps
1BR
$775/mo
$750 – $775
3 listings
2BR
$995/mo
$729 – $1,575
9 listings
3BR
$1,300/mo
$1,190 – $1,485
88 listings
4BR
$1,595/mo
$1,440 – $1,635
25 listings
Investment Return Estimate
At the median Raleigh SFR sale price of $162,750, using median 3BR rent. Estimates assume 8% management fee, $2,279/yr taxes, $1,100/yr insurance, and $1,248/yr maintenance reserve.
Our numbers come from an operated book, not estimates. Across 35 LPS-managed STR properties with at least 4 months of operational history, our portfolio runs within 0.1 percentage point of each property's own-zip Airbtics market median occupancy — at-market, verified against two independent commercial data sources. For LTR, we reference 125 live competing Raleigh listings to price each door, updated weekly.
We don't claim a premium we can't prove. Our proposals include the actual comp data behind every number.
What does a 3-bedroom house rent for in Raleigh, Memphis?
Based on 88 active 3-bedroom rental listings in Raleigh as of 2026-06-29, the median asking rent is $1,300/mo (range: $1,190–$1,485/mo). Rents vary by condition, renovations, and included amenities.
What is the cap rate for rental properties in Raleigh?
The estimated cap rate in Raleigh is approximately 5.4%, based on a median SFR sale price of $162,750 and a median 3-bedroom annual rent of $15,600. This is a gross-income-based estimate; actual returns depend on condition, vacancy, and financing.
What is the gross rental yield in Raleigh?
The estimated gross yield in Raleigh is 9.6%, calculated from 434 SFR sales and 87 active rental listings. Gross yield does not account for expenses; net operating income is estimated at $8,790/yr at median price and rent.
How does a Memphis property management company price rent for Raleigh?
Professional property managers in Memphis typically reference active competing listings, vacancy rates, and unit condition. LPS uses a live database of 125 comparable listings in Raleigh with per-bedroom pricing to establish asking rent for each new property, updated weekly from portal data.
What does LPS (Longstep Property Solutions) charge for property management in Memphis?
LPS charges 8% of monthly rent for long-term rental management. There are no lease renewal fees or vacancy fees. On a $1,300/mo property in Raleigh, that is approximately $104/mo in management fees.
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