Housing market report · North Carolina

Raleigh, NC housing market report

Updated 2026-08-03

Median home value: $418,400
Median household income: $100,103
Median gross rent: $1,573/mo
Owner-occupied households: 66.6%
Metro population: 1,487,302
30-yr mortgage rate (national): 6.66%

The metro's median home value is $418,400 against a median household income of $100,103 (Census ACS 2020-2024). 66.6% of households own their homes, and the median gross rent is $1,573 per month.

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If you're buying in Raleigh

At the current national average 30-year rate of 6.66%, buying at the metro's median value ($418,400) with 20% down works out to roughly $2,151 per month in principal and interest, before taxes and insurance.
The median home value here is about 4.2x the median household income.

If you're selling in Raleigh

The metro's median gross rent is $1,573 per month - one reference point if you are weighing a sale against renting the home out.
66.6% of households in the metro own their homes.

Own a home in Raleigh?

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