Zip 27603 (Raleigh, NC) Housing

The housing market in 27603 Raleigh, NC is booming! The median value of housing in the area is $401,300, which is significantly higher than the US House Median Value of $338,100. This difference is even more pronounced when considering the house appreciation rate in Raleigh which is 14.83%, compared to the US 1 year House Appreciation rate of 8.27%. As a result, investing in real estate in this region is a worthwhile endeavor with great potential for returns.

The median home cost in Raleigh (zip 27603) is $401,300. Home appreciation the last 10 years has been 122.8%. Home Appreciation in Raleigh (zip 27603) is up 23.6%.

Average Age of Homes

- The median age of Raleigh (zip 27603) real estate is 22 years old

The Rental Market in Raleigh (zip 27603)

- Renters make up 32.8% of the Raleigh (zip 27603) population
- 2.7% of houses and apartments in Raleigh (zip 27603), 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, North Carolina	United States
	22,896.0	139,647,020.0
	25	42
	$401,300	$338,100
	23.6%	16.6%
	70.7%	57.0%
	122.8%	101.1%
	$6.97	$10.98
	$1,837	$2,690
	54.9%	57.4%
	7.7%	11.2%
	37.3%	31.4%
Vacant Housing
	2.7%	1.9%
	1.0%	0.4%
	0.4%	0.7%
	0.5%	0.4%
	0.8%	3.6%
	2.3%	4.1%
Value of Owner-Occupied Housing
	1.5%	2.6%
	2.9%	2.4%
	1.3%	2.8%
	0.9%	3.9%
	2.2%	4.5%
	7.8%	11.3%
	12.6%	13.0%
	31.4%	20.1%
	25.6%	13.6%
	7.9%	8.3%
	5.2%	9.7%
	0.5%	3.9%
	0.3%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	1.2%	0.2%
	23.8%	13.6%
	23.8%	13.6%
	17.9%	13.6%
	13.0%	13.2%
	8.9%	14.8%
	17.9%	13.6%
	2.7%	10.0%
	1.3%	4.7%
	5.2%	12.2%

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