Raleigh, NC


Raleigh, NC Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Raleigh Housing Market Information

With a population of 457,700, 174,014 total housing units (homes and apartments), and a median house value of $258,270, Raleigh real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Raleigh, accounting for 46.57% of the city's housing units. Other types of housing that are prevalent in Raleigh include large apartment complexes or high rise apartments ( 31.74%), row houses and other attached homes ( 13.52%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.71%).

The most prevalent building size and type in Raleigh are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 48.73% owning and 51.27% renting.

There is a lot of housing in Raleigh built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Raleigh built between 2000 and later ( 31.37%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.45%). There's also some housing in Raleigh built before 1939 ( 3.13%).

Raleigh Home Appreciation Rates

In the last 10 years, Raleigh has experienced some of the highest home appreciation rates of any community in the nation. Raleigh real estate appreciated 21.26% over the last ten years, which is an average annual home appreciation rate of 1.95%, putting Raleigh in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Raleigh definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Raleigh's appreciation rate, at 6.33%, has been at or slightly above the national average. In the latest quarter, Raleigh's appreciation rate has been 1.05%, which annualizes to a rate of 4.28%.

Relative to North Carolina, our data show that Raleigh's latest annual appreciation rate is higher than 70% of the other cities and towns in North Carolina.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Raleigh differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Raleigh - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Raleigh real estate investment or home purchase decisions.

Average Home Values


Median Home Value:


Value Range
> $1,238,619 1.2
$928,682 - $1,238,619 2.2
$618,877 - $928,681 5.0
$495,542 - $618,876 6.7
$371,473 - $495,541 12.5
$247,492 - $371,472 24.3
$124,001 - $247,491 39.7
$62,001 - $124,000 5.7
$0 - $62,000 2.8

Very High for NC
High for Nation

Value Relative to Nation Value Relative to State
23.3868613138686 15.2173913043478

Number Of Homes And Apartments:

Raleigh Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2017 Q4 - 2018 Q1
Last 12 Months:
2017 Q1 - 2018 Q1
Last 2 Years:
2016 Q1 - 2018 Q1
Last 5 Years:
2013 Q1 - 2018 Q1
Last 10 Years:
2008 Q1 - 2018 Q1
Since 2000:
2000 Q1 - 2018 Q1
59.70% 2.60%
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,332 / per month

Homeownership Rate

Owners 48.73
Renters 51.27
Vacant 8.55

Housing Market Details


Age of Homes

2000 or Newer 31.4
1970 - 1999 50.1
1940 - 1969 15.4
1939 or Older 3.1

Types of Homes

Single-Family 46.6
Townhomes 13.5
Small Apt. Buildings 6.7
Apt. Complexes 31.7
Mobile Homes 1.4
Other 0.0

Home Size

No Bedroom 2.37
1 Bedroom 13.45
2 Bedrooms 27.89
3 Bedrooms 35.94
4 Bedrooms 16.41
5 or more bedrooms 3.95