Data updated 2026-09-28 · 232 active rental listings analyzed · 414 SFR sales in comp window
$1,335
3BR Median Rent
$165K
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 2026-09-28.
Size
Median Rent
Typical Range (P25–P75)
Active Comps
1BR
$710/mo
$679 – $775
5 listings
2BR
$895/mo
$799 – $1,025
14 listings
3BR
$1,335/mo
$1,199 – $1,470
162 listings
4BR
$1,435/mo
$1,275 – $1,636
49 listings
5BR
$1,595/mo
$1,450 – $1,595
2 listings
Investment Return Estimate
At the median Raleigh SFR sale price of $164,900, using median 3BR rent. Estimates assume 8% management fee, $2,309/yr taxes, $1,100/yr insurance, and $1,262/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 0.6 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 232 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 162 active 3-bedroom rental listings in Raleigh as of 2026-09-28, the median asking rent is $1,335/mo (range: $1,199–$1,470/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 $164,900 and a median 3-bedroom annual rent of $16,020. 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 414 SFR sales and 309 active rental listings. Gross yield does not account for expenses; net operating income is estimated at $8,900/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 232 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 $1,335/mo property in Raleigh, that is approximately $107/mo in management fees.
Get a Free Property Underwriting Report for Your Raleigh Address
We'll pull the live comp set, run the LTR and STR projections, and show you the actual numbers — no estimates, no guesswork.