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Raleigh, NC real estate and demographic information

Most Expensive Raleigh Neighborhoods

Name
1 Glenwood Ave / Fairvi...
2 Glenwood Ave / White ...
3 Six Forks
4 Marlowe Rd / Lakeston...
5 Glenwood Village (sub...
6 Bayleaf
7 Ridge Rd / Wade Ave
8 Harps Mill Rd / Rainw...
9 Saint Marys College /...
10 Saunders St / South St

Raleigh, NC Information

Population 403,892

About Raleigh

Raleigh is a large city located in the state of North Carolina. With a population of 403,892 people and 55 constituent neighborhoods, Raleigh is the second largest community in North Carolina. There's nothing like the smell of a brand new house, and in Raleigh, you'll find that a large proportion of houses were recently built. New growth in residential real estate is an indication that people are choosing to move to Raleigh, and putting down their money on brand new construction. Raleigh’s real estate is, on average, some of the newest in the nation. Raleigh does seem to be experiencing an influx of affluent people, because the median household income is $46,612.

Raleigh real estate is some of the most expensive in North Carolina, although Raleigh house values don't compare to the most expensive real estate in the U.S.

Raleigh is a decidedly white-collar city, with fully 85.02% of the workforce employed in white-collar jobs, well above the national average. Overall, Raleigh is a city of professionals, sales and office workers and managers. There are especially a lot of people living in Raleigh who work in office and administrative support (14.72%), sales jobs (12.11%) and management occupations (10.76%).

Also of interest is that Raleigh has more people living here who work in computers and math than 95% of the places in the US.

In addition, Raleigh is a major college town that has a very high percentage of its residents over 18 years old who are college students. Naturally, collegiate life has a major influence on the local Raleigh culture, lifestyle and music scene. In fact, Raleigh is one of only a few big cities that are also major college towns. The combination of big city status and thousands of college students gives Raleigh on one hand, a sophisticated style, while on the other also provides a youthful feel and lots of diversions and entertainment for students. Believe it or not, Raleigh is one of the biggest "college towns" in America, generating lift to the economy of the entire region, and issuing forth thousands of newly-minted college students every spring, powering the innovation economy, the arts, and a lively club scene.

Not only is Raleigh a city with many college students, but it also retains many recent graduates who are looking to start new careers, creating a very large population of people who are young, single, educated, and upwardly-mobile. This makes Raleigh a good place to live for young professionals. With so many people in this demographic, Raleigh presents many opportunities for single professionals to enjoy themselves, socialize, and to create lasting relationships.

Raleigh is a big city, and with that comes lots of benefits. One benefit is that most big cities have public transit, but Raleigh really shines when it comes to the extensiveness and use of its public transit system. More than most large American cities, Raleigh citizens use public transit daily to get to and from work. And while there are transportation options, most people in Raleigh ride the bus. Whereas in some cities one is destined to sit in traffic every morning to get to work and every evening to get home, in Raleigh a lot leave their cars at home (if they even choose to own one), and hop a ride on the bus.

Raleigh Information and Demographics

The education level of Raleigh ranks among the highest in the nation. Of the 25-and-older adult population in Raleigh, 44.85% have at least a bachelor's degree. The typical US community has just 19.23% of its adults holding a bachelor's degree or graduate degree.

The per capita income in Raleigh in 2000 was $25,113, which is wealthy relative to North Carolina, and upper middle income relative to the rest of the US. This equates to an annual income of $100,452 for a family of four. However, Raleigh contains both very wealthy and poor people as well.

Raleigh is an extremely ethnically-diverse city. The people who call Raleigh home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Raleigh residents report their race to be White, followed by Black or African-American. Important ancestries of people in Raleigh include English, German, Irish, Italian and Scots-Irish.

The most common language spoken in Raleigh is English. Some people also speak Spanish.

RALEIGH INFORMATION DETAILS
POPULATION 403,892
NUMBER OF HOMES AND APARTMENTS 120,683
RALEIGH HOME OWNERSHIP
% OWNER OCCUPIED 48.09%
% RENTER OCCUPIED 45.18%
% VACANT 6.73%
TYPE OF RALEIGH HOMES
SINGLE FAMILY DETACHED 46.90%
ROWHOUSES AND ATTACHED HOMES 9.16%
SMALL APARTMENT BUILDINGS 11.20%
COMPLEXES OR HIGH RISE APARTMENTS 31.35%
MOBILE HOMES 1.38%
OTHER 0.01%
SIZE OF RALEIGH HOMES
NO BEDROOM 2.60%
1 BEDROOM 16.31%
2 BEDROOMS 31.66%
3 BEDROOMS 33.02%
4 BEDROOMS 13.92%
5 OR MORE BEDROOMS 2.49%
AGE OF RALEIGH HOMES
NEWER HOMES (1995 OR LATER) 16.96%
ESTABLISHED, BUT NOT OLD HOMES (1970-1994) 53.47%
WELL-ESTABLISHED, OLD HOMES (1940-1969) 24.65%
HISTORIC (1939 OR BEFORE) 4.92%
RALEIGH REAL ESTATE INFORMATION DETAILS
MEDIAN HOME VALUE $284,007
MEDIAN RENTAL PRICE $958
HOME VALUE RANGE
$0 - $66,000 2.97%
$66,001 - $133,000 14.42%
$133,001 - $266,000 54.72%
$266,001 - $398,000 17.00%
$398,001 - $531,000 5.57%
$531,001 - $664,000 2.32%
$664,001 - $996,000 2.06%
$996,001 - $1,328,000 0.61%
> $1,328,000 0.33%
PEOPLE OF RALEIGH DETAILS
POPULATION DISTRIBUTION
UNDER 5 YEARS 6.34%
5 TO 17 14.48%
18 TO 24 16.12%
25 TO 34 20.44%
35 TO 54 27.94%
55 TO 64 6.38%
65 YEARS AND OVER 8.29%
EDUCATIONAL ATTAINMENT OF ADULTS
HIGH SCHOOL GRADUATES 88.54%
COLLEGE GRADUATES 44.85%
MEDIAN HOUSEHOLD INCOME $46,612
PER CAPITA INCOME $25,113
INDIVIDUALS BELOW POVERTY LEVEL 11.45%
INDUSTRIES PEOPLE WORK IN Professional, scientific, and technical services (11.38%)
Retail (11.03%)
Manufacturing (10.14%)
Education (9.93%)
Healthcare (8.83%)
Accommodation (7.07%)
Construction (6.77%)
Public Service (5.77%)
Finance (5.01%)
Information Technology (4.52%)
Other (4.24%)
Administration (3.84%)
Wholesale (3.05%)
Transportation (2.82%)
Real estate (2.46%)
ATTENDING COLLEGE 12.76%
RACIAL MAKEUP
WHITE 63.23%
BLACK OR AFRICAN AMERICAN 27.50%
AMERICAN INDIAN AND ALASKA NATIVE 0.39%
ASIAN 3.25%
NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDERS 0.09%
SOME OTHER RACE ALONE 3.56%
TWO OR MORE RACES 1.98%
HISPANIC OR LATINO (OF ANY RACE) 7.06%
ETHNICITIES PRESENT English (9.19%)
German (6.74%)
Irish (5.42%)
Italian (2.79%)
Scots-Irish (2.76%)
FOREIGN BORN 11.72%
LANGUAGES SPOKEN English (79.81%)
Spanish (7.14%)

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