Raleigh-Cary Metro Area, NC Housing

Raleigh, NC Metro Area is an incredibly desirable place to live due to its high housing median value of $411,200. This is significantly higher than the US House Median Value of $338,100, and the US 1 year House Appreciation rate of 8.27%. In fact, the house 1 year appreciation in Raleigh, NC Metro Area is 15.27%, making it one of the most sought-after real estate markets in the country. With such a high median value and appreciation rate, those looking for a safe investment should consider purchasing property in this area.

The median home cost in Raleigh-Cary Metro Area is $411,200. Home appreciation the last 10 years has been 113.9%. Home Appreciation in Raleigh-Cary Metro Area is up 24.4%.

Average Age of Homes

- The median age of Raleigh-Cary Metro Area real estate is 23 years old

The Rental Market in Raleigh-Cary Metro Area

- Renters make up 30.9% of the Raleigh-Cary Metro Area population
- 2.1% of houses and apartments in Raleigh-Cary Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Raleigh-Cary, North Carolina	United States
	565,882.0	139,647,020.0
	25	42
	$411,200	$338,100
	24.4%	16.6%
	71.5%	57.0%
	113.9%	101.1%
	$8.18	$10.98
	$2,386	$2,690
	61.5%	57.4%
	7.4%	11.2%
	31.1%	31.4%
Vacant Housing
	2.1%	1.9%
	1.1%	0.4%
	0.5%	0.7%
	0.4%	0.4%
	0.7%	3.6%
	2.7%	4.1%
Value of Owner-Occupied Housing
	2.1%	2.6%
	1.0%	2.4%
	1.1%	2.8%
	1.3%	3.9%
	1.6%	4.5%
	7.8%	11.3%
	12.2%	13.0%
	25.5%	20.1%
	20.2%	13.6%
	12.4%	8.3%
	10.4%	9.7%
	2.8%	3.9%
	1.1%	2.2%
	0.3%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.5%	0.2%
	23.9%	13.6%
	23.9%	13.6%
	21.6%	13.6%
	14.6%	13.2%
	8.6%	14.8%
	21.6%	13.6%
	3.4%	10.0%
	1.4%	4.7%
	2.7%	12.2%

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