Raleigh
North Carolina · Ranked #57 of 102 metros
45Moderate
Median Home Price
🏠$420K
Need $121K income
Median Rent
🔑$2K
Need $62K income
Housing Shortage
📉28,000
units needed
Building Permits
🔨22,000
annual
Median Income
💰$79K
Pop: 1,413,990
Rent Burden
⚠️30.0%
of renters paying >30%
Price Change (YoY)
📈+3.5%
Homeownership
🏡62.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Raleigh | National |
|---|---|---|
| Price-to-Income Ratio | 5.3x | 6.1x |
| Rent Burden | 30.0% | 31.5% |
| Homeownership Rate | 62.0% | 65.5% |
| YoY Price Change | +3.5% | +3.5% |
| YoY Rent Change | +2% | +2.8% |
| Mortgage Denial Rate | 11.5% | 13.5% |
| Eviction Rate | 4.5% | 3.6% |