Raleigh
North Carolina · Ranked #317 of 373 metros
45Moderate
💡
Housing in Raleigh costs 4.57× the median income, above the national average of 4.5×. The median home price is $440K and median rent is $1,605/month. Raleigh ranks #317 of 373 metros for affordability.
Median Home Price
🏠$440K
Need $121K income
Median Rent
🔑$1,605
Need $62K income
Housing Shortage
📉28,000
units needed
Building Permits
🔨22,000
annual
Median Income
💰$96K
Pop: 1,413,990
Rent Burden
⚠️30.0%
of renters paying >30%
Price Change (YoY)
📈+3.5%
Homeownership
🏡66.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Raleigh | National |
|---|---|---|
| Price-to-Income Ratio | 4.57x | 6.1x |
| Rent Burden | 30.0% | 31.5% |
| Homeownership Rate | 66.0% | 65.5% |
| YoY Price Change | +3.5% | +3.5% |
| YoY Rent Change | +2% | +2.8% |
| Mortgage Denial Rate | 11.5% | 13.5% |
| Eviction Rate | 4.5% | 3.6% |
House Price Index (2000–2025)
FHFA All-Transactions HPI
Since 2019: +66.3%Since 2000: +192.2%
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$1,524/mo
1 Bedroom$1,596/mo
2 Bedroom$1,750/mo
3 Bedroom$2,196/mo
4 Bedroom$2,936/mo
Zillow Market Data
Home Value (ZHVI)
$432K
1yr: -2.6%5yr: +34.6%
Rent (ZORI)
$1,651/mo
1yr: -0.0%5yr: +25.2%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$282K
Active Inventory
309
Days on Market
70
Sold Above List
12.8%
Price Drops
22.0%