There are currently 157,060 real estate properties in Raleigh, NC, with a median automated valuation model (AVM) price of $353,300.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Raleigh, NC, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Raleigh, NC, is $414,275.00, with the most expensive house in Raleigh, NC, topping out at $61,981,900.00 and the cheapest home in Raleigh, NC, clocking in at $19,100.00. In other words, there’s something for every potential homebuyer or savvy investor in Raleigh, NC!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Raleigh, NC, is on a rollercoaster ride. The average rent price in Raleigh, NC, is $1,610.00. Indeed, when looking to rent in Raleigh, NC, you can expect to pay as little as $480.00 or as much as $4,560.00, with the average rent median estimated to be $1,450.00. The good news is that finding an affordable and desirable property to rent in Raleigh, NC -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Raleigh, NC area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Raleigh, NC and much more. Save thousands at closing with home foreclosure listings in Raleigh, NC — up to 75% off market value!
Raleigh is located in Wake, North Carolina, with an estimated municipal population of 474,069 residents. All of the best foreclosed homes for sale in Raleigh are located in the following zip code areas on Foreclosure.com: 27617 27616 27615 27614 27613 27612 27610 27608 27609 27601 27603 27604 27605 27606 27607 27602 27619 27620 27622 27624 27626 27627 27628 27634 27636 27640 27650 27656 27658 27661 27668 27675 27676 27690 27697 27698. The estimated population per square kilometer (.62 miles) in Raleigh is 1,254.
So, about how much do homes cost in Raleigh? The most recent median value of resident-owned homes in Raleigh is 249,119. An estimated 51.5 percent of households in Raleigh own their homes, with an average family size of 3.12. The median household income in Raleigh is 67,266, with31.3 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Raleigh, the median commute time of resident workers (in minutes) is 24. And last, but certainly not least, are you looking for homes to rent in Raleigh? If so, the average rent price paid by renters in Raleigh is 1,121, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Raleigh, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Raleigh is 33.6, split between 48.2 percent male versus 51.8 female. The percentage of residents who report being married in Raleigh is 40.3, with an average family size of 3.12.
The percentage of residents who report their race in Raleigh is as follows:
|Black / African American||29%|
|American Indian / Alaskan Native||0.4%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Raleigh? Or maybe you are searching for 55+ active adult communities in and/or near Raleigh?
The percentage of residents who report their age in Raleigh is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Raleigh with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Raleigh.
How do you know that living in -- or moving to -- Raleigh is right where you need to be? Perhaps you grew up in Raleigh or already live nearby; therefore, the decision to buy a home in Raleigh is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Raleigh for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Raleigh:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Raleigh.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Raleigh can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Raleigh, meanwhile, can field multiple offers from more qualified buyers.