Raleigh Multifamily Market Report – February 2025

Market Overview

According to Yardi Matrix’s February 2025 report, Raleigh ranks among the top-performing metros for rent growth and occupancy, driven by its diversified economy and rapid in-migration. Average asking rents rose 3.9% YoY while vacancy hovered around 5.5%. New development remains robust, particularly near Research Triangle Park and Wake Forest, with over 6,500 units underway. The region’s strong education pipeline—from Duke to NC State—also fuels long-term demand and underpins a stable renter base.

About Yardi Matrix

Yardi Matrix is an industry-leading real estate intelligence platform that tracks multifamily, office, industrial, and student housing properties across the U.S. Their Raleigh reports combine data-driven insights with nuanced segmentation by asset class and geography. Known for their accuracy and breadth, Yardi Matrix publications serve institutional investors, lenders, and developers looking to assess risk, forecast trends, and underwrite confidently.

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