Raleigh housing market
Typical home value
$428K
▼ 1.7% 1 yr
Typical rent
$1,669/mo
▲ 1.4% 1 yr
12-month forecast
−0.5%
#490 of 546 metros
Gross rent yield
4.7%
#452 of 546 · U.S. 6.3%
Days to pending
55 days
▲ +5 days 1 yr
Listings with a price cut
36%
▼ −0.1 pts 1 yr
Key takeaways
- 1The typical home is worth $428,267, down 1.7% in a year and up 16% over five years.
- 2Zillow forecasts home values falling 0.5% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,669/mo (+1.4% YoY), a 4.7% gross yield, below the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $2,354/mo in principal and interest, $685 more than renting.
- 5Homes go under contract in 55 days (+5 days vs last year); 36% of listings have had a price cut.
Market temperature
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 29/100, #449 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Raleigh compares
| Measure | Raleigh | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | −1.7% | +1.2% | #516 |
| Home value, 5-yr change | +16.1% | +19.7% | |
| 12-month forecast | −0.5% | +1.1% | #490 |
| Rent, 1-yr change | +1.4% | +2.7% | #452 |
| Gross rent yield | 4.7% | 6.3% | #452 |
| Price-to-rent ratio | 21.4 | 15.8 | |
| Mortgage P&I on typical home | $2,354 | $2,012 | |
| Income needed to buy | $115,397 | $100,902 | |
| Days to pending | 55 | 56 |
Cities in the Raleigh metro
11 cities with home value and rent data.
| Raleigh | $425K | ▼ 1.7% | $1,572 | ▲ 1.3% | 4.4% |
| Cary | $613K | ▼ 1.3% | $1,768 | ▲ 1.6% | 3.5% |
| Apex | $589K | ▼ 1.6% | $1,947 | ▲ 0.6% | 4.0% |
| Wake Forest | $504K | ▼ 1.0% | $1,798 | ▲ 2.9% | 4.3% |
| Clayton | $361K | ▼ 1.6% | $1,797 | ▲ 2.0% | 6.0% |
| Garner | $378K | ▼ 1.8% | $1,853 | ▲ 0.8% | 5.9% |
| Holly Springs | $573K | ▼ 0.7% | $1,890 | ▲ 2.3% | 4.0% |
| Morrisville | $472K | ▼ 4.7% | $1,650 | ▲ 2.2% | 4.2% |
| Knightdale | $361K | ▼ 2.0% | $1,698 | ▲ 2.5% | 5.6% |
| Zebulon | $338K | ▼ 0.4% | $1,951 | ▲ 3.0% | 6.9% |
| Wendell | $366K | ▼ 1.4% | $1,802 | ▼ 2.5% | 5.9% |
Run the numbers
Rental property calculator
Cash flow on a typical Raleigh rental ($428K, $1,669/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Raleigh home.
Rent vs buy
Is it cheaper to rent or buy in Raleigh?
Renting out a property in North Carolina? See deposit limits, late fee rules and notice periods.
Other North Carolina metros
Charlotte, NC
$381K home$1,735 rent5.5% yield
▼ 0.8% 1 yr
Greensboro, NC
$261K home$1,406 rent6.5% yield
▲ 0.8% 1 yr
Winston, NC
$278K home$1,529 rent6.6% yield
▲ 1.7% 1 yr
Durham, NC
$402K home$1,640 rent4.9% yield
▼ 2.5% 1 yr
Fayetteville, NC
$254K home$1,454 rent6.9% yield
▲ 0.3% 1 yr
Asheville, NC
$416K home$1,702 rent4.9% yield
▼ 3.3% 1 yr
Hickory, NC
$267K home$1,595 rent7.2% yield
▲ 1.7% 1 yr
Wilmington, NC
$443K home$1,744 rent4.7% yield
▲ 0.7% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.