Raleigh, NC

Year over Year as of 6/30/21

Raleigh, NC

Year over Year as of 6/30/21
  • Population Growth

    1.0%

  • Rent Growth

    10.2%

  • Employment Growth

    2.9%

  • Occupancy Rate

    96%

  • New Supply

    5,500 Units

  • % of Stock

    3.6%

  • Acquisition Price

    8%

  • Cap Rate

    -50 bps

Market Dynamics

Raleigh is the second fastest growing city in the US both in terms of population and job growth. The employment base is quickly becoming a research and tech center, attracting many young professionals to the city increasing the demand for apartments.

Sources: CoStar, Real Capital Analytics, RealPage, Marcus & Millichap

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