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Raleigh, NC Housing

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As of 2010-2014, median price of a house in Raleigh is $205,200, which is higher than the state average of $153,600 and is higher than the national average of $175,700. The Raleigh median house value has grown by 31.54% since 2000. The growth rate for the price of a house in Raleigh is lower than the state average rate of 41.83% and is lower than the national average rate of 46.91%. The median year that a house in Raleigh was built is 1991, which is newer than the median year for a house built in the state which is 1986 and is newer than the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 88,511 Owner Occupied Houses in Raleigh, NC, #121

Raleigh, NC	205,200 USD
North Carolina	153,600 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, #415

Raleigh, NC	31.54%
North Carolina	41.83%
U.S.	46.91%

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	Raleigh, NC	North Carolina	U.S.
Total Housing Units	182,734, see rank, 100%	4,385,668	132,741,033
Occupied Housing Units	166,316, 91.02%, see rank	85.34%	87.55%
Owner Occupied	88,511, 48.44%, see rank	56.13%	56.34%
Renter Occupied	77,805, 42.58%, see rank	29.20%	31.21%
Vacant Housing Units	16,418, 8.98%, see rank	14.66%	12.45%
For Rent	6,291, 3.44%, see rank	2.65%	2.34%
For Sale Only	2,015, 1.10%, see rank	1.41%	1.20%
Rented or Sold, Not Occupied	2,628, 1.44%, see rank	0.78%	0.92%
For Seasonal, Recreational, or Occasional Use	767, 0.42%, see rank	4.81%	3.97%
For Migrant Workers	11, 0.01%, see rank	0.03%	0.03%
Other Vacant	4,706, 2.58%, see rank	4.98%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #101

Raleigh, NC	North Carolina	U.S.
1991	1986	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	Raleigh, NC	%	North Carolina	U.S.
Owner-Occupied Units	88,511	100%	2,461,741	74,787,460
With a Mortgage	72,043	81.39%, see rank	66.10%	65.58%
Without a Mortgage	16,468	18.61%, see rank	33.90%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

Raleigh, NC	1,449 USD
North Carolina	1,272 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	Raleigh, NC	%	North Carolina	U.S.
$299 or Less	175	0.24%, see rank	0.29%	0.20%
$300 to $499	592	0.82%, see rank	2.34%	1.59%
$500 to $699	2,265	3.14%, see rank	6.85%	5.01%
$700 to $999	8,218	11.41%, see rank	20.33%	14.32%
$1,000 to $1,499	27,613	38.33%, see rank	34.42%	27.90%
$1,500 to $1,999	16,793	23.31%, see rank	18.69%	20.35%
$2,000 to $2,999	11,520	15.99%, see rank	12.57%	19.52%
$3,000 or More	4,867	6.76%, see rank	4.51%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Raleigh, NC	21.80% of the Total Income
North Carolina	22.60% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Raleigh, NC	%	North Carolina	U.S.
10% or Less	4,939	6.86%, see rank	6.41%	5.86%
10% to 20%	26,694	37.05%, see rank	34.98%	31.95%
20% to 30%	20,067	27.85%, see rank	27.06%	27.64%
30% to 40%	9,147	12.70%, see rank	12.56%	13.74%
40% or More	10,922	15.16%, see rank	18.39%	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

Raleigh, NC	486 USD
North Carolina	373 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	Raleigh, NC	%	North Carolina	U.S.
$199 or Less	452	2.74%, see rank	10.23%	7.76%
$200 to $299	1,438	8.73%, see rank	21.81%	14.70%
$300 to $499	6,859	41.65%, see rank	41.59%	34.63%
$500 to $699	4,334	26.32%, see rank	16.79%	21.16%
$700 or More	3,385	20.56%, see rank	9.58%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Raleigh, NC	10.00% of the Total Income
North Carolina	11.90% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Raleigh, NC	%	North Carolina	U.S.
10% or Less	8,576	52.08%, see rank	41.92%	40.19%
10% to 20%	4,524	27.47%, see rank	31.16%	31.47%
20% to 30%	1,583	9.61%, see rank	12.06%	12.24%
30% to 40%	740	4.49%, see rank	5.28%	5.64%
40% or More	945	5.74%, see rank	8.16%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	Raleigh, NC	North Carolina	U.S.
Total Housing Units	182,734, 100%	4,385,668	132,741,033
1-unit, Detached	86,299, 47.23%, see rank	65.33%	61.65%
1-unit, Attached	24,283, 13.29%, see rank	3.82%	5.82%
2 Units	3,706, 2.03%, see rank	2.14%	3.75%
3 or 4 Units	8,699, 4.76%, see rank	2.74%	4.43%
5 to 9 Units	15,963, 8.74%, see rank	4.44%	4.78%
10 or More Units	41,561, 22.74%, see rank	7.98%	13.08%
Mobile Home, Boat, RV, Van, etc.	2,223, 1.22%, see rank	13.55%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	Raleigh, NC	North Carolina	U.S.
Total Housing Units	182,734, 100%	4,385,668	132,741,033
1 Room	3,797, 2.08%, see rank	1.18%	1.95%
2 Rooms	4,987, 2.73%, see rank	1.51%	2.48%
3 Rooms	21,170, 11.59%, see rank	6.93%	9.13%
4 Rooms	36,673, 20.07%, see rank	17.44%	16.60%
5 Rooms	34,425, 18.84%, see rank	23.63%	20.41%
6 Rooms	25,978, 14.22%, see rank	18.81%	18.06%
7 Rooms	20,365, 11.14%, see rank	12.36%	12.27%
8 Rooms	14,068, 7.70%, see rank	8.08%	8.48%
9 Rooms or More	21,271, 11.64%, see rank	10.08%	10.60%
Median Rooms	5.20, see rank	5.50	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	Raleigh, NC	North Carolina	U.S.
Total Housing Units	182,734, 100%	4,385,668	132,741,033
No Bedroom	4,104, 2.25%, see rank	1.26%	2.17%
1 Bedroom	23,543, 12.88%, see rank	6.61%	11.16%
2 Bedrooms	53,319, 29.18%, see rank	26.47%	26.69%
3 Bedrooms	65,601, 35.90%, see rank	47.54%	39.70%
4 Bedrooms	28,804, 15.76%, see rank	14.55%	16.05%
5 or More Bedrooms	7,363, 4.03%, see rank	3.57%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	Raleigh, NC	North Carolina	U.S.
Total Housing Units	166,316, 100%	3,742,514	116,211,092
Utility Gas	75,072, 45.14%, see rank	24.68%	48.85%
Bottled, Tank, or LP Gas	2,097, 1.26%, see rank	8.00%	4.86%
Electricity	87,881, 52.84%, see rank	60.27%	36.68%
Fuel Oil, Kerosene, etc.	644, 0.39%, see rank	4.34%	5.86%
Coal or Coke	22, 0.01%, see rank	0.01%	0.12%
Wood	253, 0.15%, see rank	2.17%	2.12%
Solar Energy	13, 0.01%, see rank	0.03%	0.05%
Other Fuel	52, 0.03%, see rank	0.15%	0.47%
No Fuel Used	282, 0.17%, see rank	0.35%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	Raleigh, NC	North Carolina	U.S.
Occupied Units Paying Rent	76,359, 100%	1,186,631	39,201,928
$199 or Less	579, 0.76%, see rank	1.77%	1.50%
$200 to $299	1,131, 1.48%, see rank	3.01%	3.18%
$300 to $499	2,361, 3.09%, see rank	9.02%	7.37%
$500 to $699	9,058, 11.86%, see rank	23.78%	16.01%
$700 to $999	34,411, 45.06%, see rank	35.90%	29.17%
$1,000 to $1,499	22,882, 29.97%, see rank	21.06%	26.88%
$1,500 to $1,999	4,233, 5.54%, see rank	3.82%	9.79%
$2,000 or More	1,704, 2.23%, see rank	1.64%	6.10%
Median	$914, see rank	$790	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	Raleigh, NC	North Carolina	U.S.
Occupied Housing Units	166,316, 100%	3,742,514	116,211,092
No Vehicles Available	10,478, 6.30%, see rank	6.54%	9.12%
1 Vehicles Available	68,727, 41.32%, see rank	32.77%	33.80%
2 Vehicles Available	63,874, 38.41%, see rank	38.61%	37.48%
3 or More Vehicles Available	23,237, 13.97%, see rank	22.08%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.