Raleigh, NC is a great place to invest in real estate. The median housing value in Raleigh, NC is $427,000, which is significantly higher than the US median house value of $338,100. Additionally, the appreciation rate for houses in Raleigh over the past year has been 14.82%, much higher than the US 1 year house appreciation rate of 8.27%. This makes it an excellent area for those looking to invest in property or purchase a home for their own use.
The median home cost in Raleigh is $427,000. Home appreciation the last 10 years has been 122.8%. Home Appreciation in Raleigh is up 23.6%.
Average Age of Homes
- The median age of Raleigh real estate is 25 years old
The Rental Market in Raleigh
- Renters make up 42.6% of the Raleigh population
- 3.3% of houses and apartments in Raleigh, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.