Neighborhood
The Cascades
Raleigh, North Carolina US
The Cascades, Raleigh, North Carolina has a mixed investment profile: prices are about 22% above the city median and 30% above the state median, while gross yield is 2.8% and prices rose 6.4% over the past year. The neighborhood combines education in the 85th percentile with a Red Flag score of 68 and walkability of 24, so the main strength is school-district test-score performance, while the main risk is the elevated Red Flag score and limited walkability.
AI Summary•Updated May 2026
Area
0.02 mi²
ZIP Code
27609
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
$659,804
YoY+6.4%
Gross Rental Yield
2.8%
Listed rent · ZORI annualized
Red Flag Index
High
68 / 100
Walkability Score
24
OpenStreetMap POI density · national percentile
Education Score
85 / 100
Pre-pandemic SEDA (2018/19) · district proxy
AI Score
37
DistrictScore attractiveness · national model
The Cascades Property Prices & Rental Yield
Verified Redfin sale data and Zillow ZORI asking rent for The Cascades, Raleigh.
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Sign in to view — freeMarket Economics Snapshot
May 2026| Metric | Value | YoY |
|---|---|---|
| Median Sale Price | $659,804 | +6.4% |
| Price / Sq Ft (Verified) | $303/sqft | -0.7% |
| Asking Rent (Median) | $1,511/mo | -4.0% |
| Gross Rental Yield | 2.8% | — |
| Liquidity Score | 36 / 100 | Moderate |
| Homes Sold (Period) | 123 | +10.8% |
Is The Cascades Safe? Natural-Hazard Risk
FEMA National Risk Index composite across eight hazards, plus inherited North Carolina crime context.
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Sign in to view — free What Stands Out AI Insight
Appreciating market — +6.4% sale-price YoY
Active transaction volume — 123 homes sold last period
Hail risk is Very High (100/100)
Flood risk is Very High (80/100)
Insights are generated from The Cascades's live DistrictScore metrics.
The Cascades 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
2015–20245.3 µg/m³ Meets EPA, above WHO guideline-15.0% since 2015
EPA 9WHO 5
20152024
Annual mean fine-particle (PM2.5) concentration at the The Cascades centroid, satellite-derived (ACAG). References: WHO guideline 5 µg/m³ · EPA annual standard 9 µg/m³. Latest year ranks worse than 25% of U.S. neighborhoods.
North Carolina Crime Trend
FBI UCR20132024
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; The Cascades inherits the North Carolina figures.
Radon Potential
EPAZone 2
Zone 2 — Moderate potential · The Cascades
EPA radon zones estimate indoor radon potential county-wide (Zone 1 highest, Zone 3 lowest). Testing is recommended in all zones.
Walkability & Amenities in The Cascades
Amenity density and pedestrian access from OpenStreetMap points of interest.
Walkability & Amenities
OpenStreetMap POI24
Minimal
Walkability Score
0
Grocery
0
Dining
0
Schools
0
Universities
0
Hospitals
0
Pharmacies
1
Parks
0
Rail Transit
0
Coworking
POI counts are amenities within The Cascades's boundary plus a 400 m walk buffer. Rail transit excludes bus stops.
The Cascades vs Raleigh vs North Carolina
How The Cascades benchmarks against its city and state medians.
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Sign in to view — freeBuying 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 & OwnershipApplies 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
The Cascades Real Estate FAQ
The Cascades, Raleigh, North Carolina shows a mixed profile. Prices are about 22% above the city median and 30% above the state median, gross yield is 2.8%, and prices rose 6.4% over the past year. Education is in the 85th percentile, while walkability is 24 and the Red Flag score is 68.
Neighborhoods near The Cascades
Compare The Cascades with nearby neighborhoods in Raleigh.
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