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Raleigh, NC

Full City Profile · North Carolina · Wake County County

3.6 /5.0
B+ Good
470,763 Population 3,119/sq mi density
$82,424 Median Income $49,948 per capita
$377,800 Home Value $428,831 Zillow
$1,468 Median Rent 30.5% income on rent
62°F Avg Temperature 293 sunny days/yr
256 Violent Crime/100K 1,783 property/100K
B+
Overall
3.6 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.4 / 5.0
$82,424 median income, 3.2% unemployment
A
Affordability
4.1 / 5.0
$377,800 home value, $1,468/mo rent
F
Safety
1.0 / 5.0
256 violent crimes/100K
A+
Education
5.0 / 5.0
52.9% bachelor's degree or higher

Housing Overview

Median Home Value
$377,800
34% above
US avg: $281,900
Median Rent
$1,468/mo
26% above
US avg: $1,163/mo
Homeownership Rate
51.2%
22% below US avg (65.4%)
Total Housing Units
211,412
Median year built: 1995

Home Value by Source

Census Median
$377,800
Zillow (ZHVI)
$428,831
Median Sale Price
$430,000
Median List Price
$435,000
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

51.2%
Owner-Occupied
48.8%
Renter-Occupied
51%
49%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$932/mo
1 Bedroom
$981/mo
2 Bedroom
$1,161/mo
3 Bedroom
$1,499/mo
4 Bedroom
$1,780/mo
Census median rent: $1,468/mo · Zillow rent: $1,567/mo

Market Indicators (Redfin)

Median Days on Market
69 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
355
Price Drops
24.9%
of listings with price reduction
Price Per Sq Ft
$221
Active Inventory
1,304
homes for sale

Affordability & Housing Stock

Rent Burden
30.5%
of renters spending 30%+ of income on housing
2% below US avg (31.0%)
Median Year Built
1995
Average age of housing stock: 31 years
Homeownership Rate
51.2%

Complete Housing Data

Home Values

Census Median Value$377,800
Zillow Home Value (ZHVI)$428,831
Median Sale Price$430,000
Median List Price$435,000
Price Per Sq Ft$221

Rent

Census Median Rent$1,468
Zillow Rent (ZORI)$1,567
FMR Studio$932
FMR 1-Bedroom$981
FMR 2-Bedroom$1,161
FMR 3-Bedroom$1,499
FMR 4-Bedroom$1,780

Market

Days on Market69
Sale-to-List Ratio1.0%
Price Drops24.9%
Homes Sold355
Active Inventory1,304
Price Per Sq Ft$221

Ownership & Stock

Owner-Occupied51.2%
Renter-Occupied48.8%
Homeownership Rate51.2%
Total Housing Units211,412
Median Year Built1995
Rent Burden30.5%