A free resource by NextGen Coastal — monthly OC rental market intelligence

Comparing Cary vs Leland vs Hendersonville vs Morrisville

Live from the NGP-Rental-Data warehouse. Pick 2 to 4 cities and see them side by side.

Cities to compare (2 to 4)

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Headline numbers

Cary

NC

$1,688

YoY change
+0.2%
Vacancy
10.1%
2-BR rent
Cap rate
Renter share
33.4%

Leland

NC

$1,752

YoY change
+0.9%
Vacancy
6.1%
2-BR rent
Cap rate
Renter share
19.4%

Hendersonville

NC

$1,684

YoY change
+2.5%
Vacancy
5.4%
2-BR rent
Cap rate
Renter share
53.9%

Morrisville

NC

$1,644

YoY change
-0.1%
Vacancy
12.9%
2-BR rent
Cap rate
Renter share
54.6%

All values from the NGP-Rental-Data warehouse. Updated March 2026. See methodology.

Rent index — overlaid, last 5 years

ZORI rent index — Cary vs Leland vs Hendersonville vs Morrisville

Monthly Zillow ZORI rent index. Data updates monthly. Source: methodology.

Demographics & income

Metric CaryLelandHendersonvilleMorrisville
Median household income $134,905$91,977$53,449$125,396
Median age 40.247.353.235.2
Renter household share 33.4%19.4%53.9%54.6%
YoY rent change +0.2%+0.9%+2.5%-0.1%
Cap rate (overall)
$/unit (MFR)

Demographics: Census ACS5 2019-2024. Rent & cap rate: NGP-Rental-Data warehouse (see methodology). Cells marked "—" mean the metric isn't available for that geography in any free public source we ingest.