What is the rental yield in Somerset Place, Raleigh, North Carolina?

The gross yield in Somerset Place, Raleigh, North Carolina is 5.6. Prices are 26% below Raleigh and 21% below North Carolina, but values declined 4.6 over the past year. The Red Flag score is 48, with walkability of 76 and education in the 85th percentile.

How has home value trend performed in Somerset Place, Raleigh, North Carolina?

Home values in Somerset Place, Raleigh, North Carolina declined 4.6 over the past year. Prices are 26% below Raleigh and 21% below North Carolina, and the gross yield is 5.6. The Red Flag score is 48, with walkability of 76 and education in the 85th percentile.

How does Somerset Place compare with Raleigh and North Carolina?

Somerset Place, Raleigh, North Carolina is priced 26% below Raleigh and 21% below North Carolina. It has a 5.6 gross yield, a 4.6 decline over the past year, walkability of 76, education in the 85th percentile, and a Red Flag score of 48.

What are the walkability and education scores in Somerset Place, Raleigh, North Carolina?

Somerset Place, Raleigh, North Carolina has walkability of 76 and education in the 85th percentile. It also shows prices 26% below Raleigh and 21% below North Carolina, a 5.6 gross yield, a 4.6 decline over the past year, and a Red Flag score of 48.

Neighborhood

Somerset Place

Raleigh, North Carolina US

Somerset Place, Raleigh, North Carolina has an investment profile defined by prices 26% below Raleigh and 21% below North Carolina, a 5.6 gross yield, and a 4.6 decline over the past year. The main strength is walkability of 76, while the Red Flag score of 48 indicates moderate risk. Education is in the 85th percentile.

AI Summary•Updated May 2026

Area

0.04 mi²

ZIP Code

27616

County

Wake County

State

North Carolina

Redfin — median sale & volumeZillow ZORI — asking rentFEMA National Risk Index v1.20OpenStreetMap — POIFBI UCR — state crimeEPA — radon zonesWashU ACAG — satellite PM2.5US Census ACS / TIGER 2024

Verified Price · Median Sale

$353,645

YoY-4.6%

Gross Rental Yield

5.6%

Listed rent · ZORI annualized

Red Flag Index

Moderate

48 / 100

Walkability Score

Very Walkable

OpenStreetMap POI density · national percentile

Education Score

85 / 100

Excellent · better than 85% of U.S. districts

Pre-pandemic SEDA (2018/19) · district proxy

AI Score

Good

DistrictScore attractiveness · national model

Somerset Place Property Prices & Rental Yield

Verified Redfin sale data and Zillow ZORI asking rent for Somerset Place, Raleigh.

Unlock the Somerset Place 12-month price trend

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Market Economics Snapshot

May 2026

Metric	Value	YoY
Median Sale Price	$353,645	-4.6%
Price / Sq Ft (Verified)	$184/sqft	-2.3%
Asking Rent (Median)	$1,643/mo	+1.4%
Gross Rental Yield	5.6%	—
Liquidity Score	48 / 100	Moderate
Homes Sold (Period)	224	+28.0%

Is Somerset Place Safe? Natural-Hazard Risk

FEMA National Risk Index composite across eight hazards, plus inherited North Carolina crime context.

Red Flag Breakdown

48 / 100

Moderate Risk

Composite is weighted by expected impact — frequent low-damage hazards (hail, wind) weigh less than flood or wildfire.

Hurricane80Very High

Heat80Very High

Hail80Very High

Tornado60High

Wildfire40Moderate

Earthquake40Moderate

Flood20Low

Strong Wind20Low

8/8 hazards scored · FEMA NRI v1.20

Crime (state-level): North Carolina averaged 23.4 crimes and 3.8 violent per 1,000 residents (-3.4% YoY) in 2024(FBI UCR). Compare the state to the country, not states as a ranking — full Safety & Crime data lives on the state page.

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Tract-level hazard heatmap & parcel detail with Pro

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See all eight FEMA hazard scores — free with a DistrictScore account.

What Stands Out AI Insight

Above-average gross rental yield at 5.6%

Highly walkable neighborhood — score 76/100

Active transaction volume — 224 homes sold last period

Hurricane risk is Very High (80/100)

Heat risk is Very High (80/100)

Insights are generated from Somerset Place's live DistrictScore metrics.

Somerset Place Environment & Safety

Satellite PM2.5 air-quality history, FBI UCR crime trend (North Carolina-level, the finest official aggregation), EPA radon potential and point-source hazard screening.

Air Quality — PM2.5

2015–2024

5.5 µg/m³ Meets EPA, above WHO guideline-15.3% since 2015

EPA 9WHO 5

20152024

Annual mean fine-particle (PM2.5) concentration at the Somerset Place centroid, satellite-derived (ACAG). References: WHO guideline 5 µg/m³ · EPA annual standard 9 µg/m³. Latest year ranks worse than 35% of U.S. neighborhoods.

North Carolina Crime Trend

FBI UCR

20132024

All crimes / 1k

Violent / 1k

Year	Crimes / 1k	Violent / 1k	YoY
2024	23.4	3.8	-3.4%
2023	24.6	3.9	+1.3%
2022	24.8	4.0	-0.0%
2021	25.1	4.2	-5.6%
2020	26.5	4.2	-3.6%
2019	27.7	3.8	—

Reported at the state level — the finest official US crime aggregation; Somerset Place inherits the North Carolina figures.

Radon Potential

EPA

Zone 2

Zone 2 — Moderate potential · Somerset Place

EPA radon zones estimate indoor radon potential county-wide (Zone 1 highest, Zone 3 lowest). Testing is recommended in all zones.

Walkability & Amenities in Somerset Place

Amenity density and pedestrian access from OpenStreetMap points of interest.

Walkability & Amenities

OpenStreetMap POI

76

Very Walkable

Walkability Score

0

Grocery

0

Dining

2

Schools

0

Universities

0

Hospitals

0

Pharmacies

2

Parks

0

Rail Transit

0

Coworking

POI counts are amenities within Somerset Place's boundary plus a 400 m walk buffer. Rail transit excludes bus stops.

Somerset Place vs Raleigh vs North Carolina

How Somerset Place benchmarks against its city and state medians.

Benchmark vs City & State

In Somerset Place, the median sale price sits about 26% below the median for Raleigh neighborhoods and about 21% below the statewide median. Gross rental yield is 5.6%, against 3.3% for Raleigh neighborhoods and 4.1% statewide. Over the past 12 months, prices fell 4.6%. Transaction liquidity sits above the median for Raleigh neighborhoods and above the statewide median.

Area	Median / Sq Ft	Gross Yield	Liquidity
Somerset Place	$184/sqft	5.6%	48
Raleigh	$249/sqft	3.3%	39
North Carolina	$233/sqft	4.1%	39

Unlock the Somerset Place benchmark

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Buying Property in the US as a Foreigner

Federal & North Carolina tax facts for non-resident buyers, plus the latest local market news.

Buying as a Foreigner

US Tax & Ownership

Applies to everyone7

Capital Gains (Federal)

Long-term capital gains taxed federally at 0/15/20%, plus a 3.8% Net Investment Income Tax on higher incomes (2026).

Property Tax

Property tax: ~0.62% average effective rate (statewide average; set and collected locally).

State Income Tax

State income tax up to 4.25%; rental income is taxed at these rates.

State Capital Gains

Capital gains are taxed as ordinary income at state rates.

Transfer Tax

Real estate transfer tax: $1 per $500.

Assessment Cap

No Proposition 13-style assessment cap; property is reassessed at market value.

Mansion Tax / Rent Control

No statewide mansion tax or statewide rent control.

US citizens & tax residents7

Primary-Home Exclusion

Selling your main home: exclude up to $250k of gain (single) / $500k (married) if you owned and lived there 2 of the last 5 years.

1031 Like-Kind Exchange

A 1031 like-kind exchange defers capital gains tax on investment property; 45 days to identify, 180 to close. Real estate only.

Depreciation Recapture

Residential rentals depreciate over 27.5 years; on sale, recaptured depreciation is taxed up to 25% (Section 1250).

Mortgage Interest Deduction

Mortgage interest is deductible on up to $750k of home debt. The SALT cap rose to $40,000 for 2025-2029 (reverts to $10k in 2030).

Opportunity Zones

Opportunity Zones are now permanent (2025): reinvested capital gains get deferral plus a basis step-up, and are tax-free after 10 years.

Rental Income (Resident)

Rental income is reported on Schedule E; passive-loss rules (Section 469) limit deducting rental losses against other income.

1031 State Conformity

The state conforms to the federal 1031 like-kind exchange rules.

Foreign buyers (non-residents)5

FIRPTA (Foreign Sellers)

FIRPTA: the buyer withholds 15% of the gross sale price when a nonresident sells US property. It is an advance deposit, not the final tax.

Non-Resident Capital Gains

Nonresident sellers pay US capital gains tax (generally 15-20%) on the net gain via Form 1040-NR; FIRPTA withholding is credited.

Non-Resident Rental Tax

Nonresident rental income is taxed at 30% of gross by default, or on net income at graduated rates via a Section 871(d) election (W-8ECI).

Estate Tax (Non-Resident)

Nonresidents get only a $60,000 US estate-tax exemption (vs $13.99M for residents); US property above it is taxed up to 40%. Treaties may help.

ITIN Requirement

Nonresidents without an SSN need an ITIN (Form W-7) to file US tax returns, claim FIRPTA refunds, and report rental income.

Talk to a US real-estate tax advisor

FIRPTA, ITIN & North Carolina property-tax guidance for foreign buyers

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Guaranteed Rate • Jun 18, 2026

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Somerset Place Real Estate FAQ

Somerset Place, Raleigh, North Carolina shows prices 26% below Raleigh and 21% below North Carolina, with a 5.6 gross yield. Values declined 4.6 over the past year, while the Red Flag score is 48. Walkability is 76 and education is in the 85th percentile.

Neighborhoods near Somerset Place

Compare Somerset Place with nearby neighborhoods in Raleigh.

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