Pullen Park Terrace Eviction Risk: Moderate , Raleigh

100% of occupied units are rented, so comparables are plentiful and vacancy risk is low, but a mispriced renewal loses the tenant to a building nearby. Average gross rent is $954, 39% below the Raleigh average. The score leans hardest on court filing pressure at 9/10.

On the softer side, supply constraint reads 1/10. SNAP participation runs 34.2% against 15.2% nationally. 24% are severely burdened past the 50% mark. That cohort absorbs no shock: one repair bill or one cut shift converts straight into arrears.

Set annual rent against average income of $33,854 and the ratio lands at 34%, above the conventional 30% ceiling. Against the Wake County average of 4.0, this tract reads riskier for landlords by 1.5 points.

Well under the midpoint, rent-regulation exposure reads 2/10. Court records carry 7 eviction filings across 2 observed years. Inability to pay a utility bill runs 17.0% against 9.2% nationally. Utility arrears usually lead rent arrears by a month or two.

Filings peaked in 2015 at 8.9% of renter households.

All figures here are ACS 5-year estimates for this tract, refreshed as the underlying releases land.