The housing market in 27604 Raleigh, NC is a great investment opportunity for potential homeowners. The median value of homes in this area is $326,600, which is slightly less than the US median house value of $338,100. However, the one year appreciation of homes in this area is 14.83%, which is significantly greater than the national average of 8.27%. This suggests that real estate values are seeing strong growth and have been steadily increasing over time. For those considering investing in property in 27604 Raleigh, NC, now may be an ideal time to do so before prices continue to climb.
The median home cost in Raleigh (zip 27604) is $326,600. Home appreciation the last 10 years has been 122.8%. Home Appreciation in Raleigh (zip 27604) is up 23.6%.
Average Age of Homes
- The median age of Raleigh (zip 27604) real estate is 29 years old
The Rental Market in Raleigh (zip 27604)
- Renters make up 40.2% of the Raleigh (zip 27604) population
- 2.2% of houses and apartments in Raleigh (zip 27604), 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.