The housing median value in 27617 Raleigh, NC is $431,500, which is significantly higher than the US House Median Value of $338,100. The one year house appreciation rate for the US is 8.27%, while the housing appreciation rate for 27617 Raleigh, NC was much higher at 14.83%. This indicates that this area is a desirable place to live and invest in real estate. It has been steadily increasing in value over the past year and shows no sign of slowing down.
The median home cost in Raleigh (zip 27617) is $431,500. Home appreciation the last 10 years has been 122.8%. Home Appreciation in Raleigh (zip 27617) is up 23.6%.
Average Age of Homes
- The median age of Raleigh (zip 27617) real estate is 13 years old
The Rental Market in Raleigh (zip 27617)
- Renters make up 44.7% of the Raleigh (zip 27617) population
- 1.4% of houses and apartments in Raleigh (zip 27617), 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.