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Raleigh, North Carolina

Realtor Sep 2026 · ACS 2024

Market Read

Sale-side figures are in. Rents for this city are still loading.

Demand is unremarkable. Hotness 43/100, supply score 44, homes go under contract 3.1% slower than the US median, at 136% of US prices. See the sale evidence ↓
Tenant economics are strong. Median household income $93K, +2.6% YoY (ZIP); renters hold 43.6% of ZIP households. See the people evidence ↓

What would change this read: the median listing price is −6.4% YoY. inventory, +2.5% YoY, is the number to watch.

Gross Rental Yield

–

Rents still loading

Rent-to-Price

–

Rents still loading

Gross Rent Multiplier

–

Rents still loading

Asking vs Voucher

–

Rents still loading

Computed from this page's data: median listing $512,895 (Realtor). The listing and rental pools are separate samples, not the same homes priced two ways, so the ratios describe the market rather than any one property. Ratios with reasons, not a recommendation to buy.

35 ZIPs in this city:27601 27602 27603 27604 27605 27606 27607 27608 27609 27610 27611 27612 27613 27614 27615 27616 27617 27619 27620 27622 27623 27624 27627 27628 27629 27636 27640 27656 27658 27661 27675 27676 27690 27697 27699

Market Hotness

43 / 100Realtor.com competitiveness composite

national · lower = hotter

0–100 · supply + demand

higher = tighter supply

higher = stronger demand

+3.1%

homes sell slower here

136%

of national median · above avg

Median Listing Price

$513K

Population

569,344

237,468

Median Days on Market

Active Listings

2,041

New Listings

686

Neighborhood Map

Loading the map

Housing Market

The median listing price is down 6.4% YoY while the median home got down 1.7% bigger, so value per square foot is down 3.7%.

Pricing

Median Listing Price

$513K-6.4% YoY

Average Listing Price

$759K-0.3% YoY

Price per Sq Ft

$254.377-3.7% YoY

Median Sq Ft

2,025-1.7% YoY

Inventory

Active Listings

2,041+6.5% YoY

New Listings

686-4.7% YoY

Total Listings

2,786+2.5% YoY

Buyer Competition

Pending Listings

749-6.7% YoY

Pending Ratio

0.37-12.6% YoY

Median Days on Market

63+5.6% YoY

Price Reduced

27.4%+11.4% YoY

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 496,047

496Kunits

Occupied460,17592.8%

Vacant35,8727.2%

2024 Tenure ⓘ

U.S. Census ACS · n = 460,175

460Koccupied

Owner295,06964.1%

Renter165,10635.9%

Renter Share

35.9%+0.9% YoY

Total Housing Units

496,047+2.9% YoY

FY2026 Fair Market Rent

CountyWake County · HUD 40th-percentile estimate, not actual market asking rent

Studio

$1,524

/month

1 BR

$1,596

/month

2 BR

$1,750

/month

3 BR

$2,196

/month

4 BR

$2,936

/month

FMR trends · Wake County

HUD Fair Market Rents · FY1983–FY2026

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Renters hold 43.6% of this ZIP's 237,468 occupied households, on a median household income of $93K.

Population & Age

Total Population

569,344+1.9% YoY

2024 Age Mix ⓘ

U.S. Census ACS · n = 569,344

569Kresidents

Under 18114,77220.2%

Adults 18–64379,04466.6%

65 & Over75,52813.3%

Age Composition Over Time

U.S. Census ACS · 2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

36.45-0.1% YoY

Population Under 18

114,772+0.1% YoY

Population 65 & Over

75,528+4.5% YoY

Households & Mobility

Total Households

237,468+3.0% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.33-0.9% YoY

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house83.2%

Moved (within US)15.8%

Other1.0%

Veterans

5.2%-3.3% YoY

Income & Poverty

Median Household Income

$93K+2.6% YoY

Per-Capita Income

$55K+5.4% YoY

Mean Household Income

$130K+4.6% YoY

Below Poverty Level

10.9%+3.8% YoY

Commuting

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone62.1%

Public transit1.2%

Worked from home26.6%

Other10.0%

Worked From Home

26.6%+11.5% YoY

Mean Commute

23.62-1.6% YoY

Units & Tenure

Total Housing Units

260,409+2.7% YoY

2024 Occupancy ⓘ

U.S. Census ACS · n = 260,409

260Kunits

Occupied237,46891.2%

Vacant22,9418.8%

2024 Tenure ⓘ

U.S. Census ACS · n = 237,468

237Khouseholds

Owner133,84456.4%

Renter103,62443.6%

Avg Household Size — Owner

2.49-0.6% YoY

Avg Household Size — Renter

2.12-1.3% YoY

County Demographics

County population is up 2.4% to 1,178,653: residents under 18 are up 0.7% and those 65 and over are up 5.5%.

Median Age

37.32024

Population

Wake County Population

1,232,444+2.4% YoY

Households

Total Households

460,175+3.3% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.51-1.2% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 1,178,653

1.2Mresidents

Under 18271,17923.0%

Adults 18–64755,55464.1%

65 & Over151,92012.9%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

271,179+0.7% YoY

Population 65 & Over

151,920+5.5% YoY

Median Age

37.30+0.3% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house85.0%

Moved (within US)14.0%

Other1.0%

Veterans

5.6%-1.8% YoY

County Economy

County median household income is $106K, 8.1% of residents are below the poverty level, 29.1% work from home.

Income

Median Household Income

$106K+3.9% YoY

Per-Capita Income

$55K+4.7% YoY

Mean Household Income

$140K+4.1% YoY

Poverty

Below Poverty Level

8.1%+2.5% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone61.4%

Public transit0.7%

Worked from home29.1%

Other8.8%

Worked From Home

29.1%+11.9% YoY

Mean Commute

25.10-0.8% YoY

Done with Raleigh? Put it next to another market.

State

City

Compare with

City

State

City

ZIP codes

Raleigh, North Carolina

Realtor Sep 2026 · ACS 2024

Market Read

Sale-side figures are in. Rents for this city are still loading.

Demand is unremarkable. Hotness 43/100, supply score 44, homes go under contract 3.1% slower than the US median, at 136% of US prices. See the sale evidence ↓
Tenant economics are strong. Median household income $93K, +2.6% YoY (ZIP); renters hold 43.6% of ZIP households. See the people evidence ↓

What would change this read: the median listing price is −6.4% YoY. inventory, +2.5% YoY, is the number to watch.

Gross Rental Yield

–

Rents still loading

Rent-to-Price

–

Rents still loading

Gross Rent Multiplier

–

Rents still loading

Asking vs Voucher

–

Rents still loading

Market Hotness

43 / 100Realtor.com competitiveness composite

national · lower = hotter

0–100 · supply + demand

higher = tighter supply

higher = stronger demand

+3.1%

homes sell slower here

136%

of national median · above avg

Median Listing Price

$513K

Population

569,344

237,468

Median Days on Market

Active Listings

2,041

New Listings

686

Neighborhood Map

Loading the map

Housing Market

The median listing price is down 6.4% YoY while the median home got down 1.7% bigger, so value per square foot is down 3.7%.

Pricing

Median Listing Price

$513K-6.4% YoY

Average Listing Price

$759K-0.3% YoY

Price per Sq Ft

$254.377-3.7% YoY

Median Sq Ft

2,025-1.7% YoY

Inventory

Active Listings

2,041+6.5% YoY

New Listings

686-4.7% YoY

Total Listings

2,786+2.5% YoY

Buyer Competition

Pending Listings

749-6.7% YoY

Pending Ratio

0.37-12.6% YoY

Median Days on Market

63+5.6% YoY

Price Reduced

27.4%+11.4% YoY

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 496,047

496Kunits

Occupied460,17592.8%

Vacant35,8727.2%

2024 Tenure ⓘ

U.S. Census ACS · n = 460,175

460Koccupied

Owner295,06964.1%

Renter165,10635.9%

Renter Share

35.9%+0.9% YoY

Total Housing Units

496,047+2.9% YoY

FY2026 Fair Market Rent

CountyWake County · HUD 40th-percentile estimate, not actual market asking rent

Studio

$1,524

/month

1 BR

$1,596

/month

2 BR

$1,750

/month

3 BR

$2,196

/month

4 BR

$2,936

/month

FMR trends · Wake County

HUD Fair Market Rents · FY1983–FY2026

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Renters hold 43.6% of this ZIP's 237,468 occupied households, on a median household income of $93K.

Population & Age

Total Population

569,344+1.9% YoY

2024 Age Mix ⓘ

U.S. Census ACS · n = 569,344

569Kresidents

Under 18114,77220.2%

Adults 18–64379,04466.6%

65 & Over75,52813.3%

Age Composition Over Time

U.S. Census ACS · 2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

36.45-0.1% YoY

Population Under 18

114,772+0.1% YoY

Population 65 & Over

75,528+4.5% YoY

Households & Mobility

Total Households

237,468+3.0% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.33-0.9% YoY

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house83.2%

Moved (within US)15.8%

Other1.0%

Veterans

5.2%-3.3% YoY

Income & Poverty

Median Household Income

$93K+2.6% YoY

Per-Capita Income

$55K+5.4% YoY

Mean Household Income

$130K+4.6% YoY

Below Poverty Level

10.9%+3.8% YoY

Commuting

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone62.1%

Public transit1.2%

Worked from home26.6%

Other10.0%

Worked From Home

26.6%+11.5% YoY

Mean Commute

23.62-1.6% YoY

Units & Tenure

Total Housing Units

260,409+2.7% YoY

2024 Occupancy ⓘ

U.S. Census ACS · n = 260,409

260Kunits

Occupied237,46891.2%

Vacant22,9418.8%

2024 Tenure ⓘ

U.S. Census ACS · n = 237,468

237Khouseholds

Owner133,84456.4%

Renter103,62443.6%

Avg Household Size — Owner

2.49-0.6% YoY

Avg Household Size — Renter

2.12-1.3% YoY

County Demographics

County population is up 2.4% to 1,178,653: residents under 18 are up 0.7% and those 65 and over are up 5.5%.

Median Age

37.32024

Population

Wake County Population

1,232,444+2.4% YoY

Households

Total Households

460,175+3.3% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.51-1.2% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 1,178,653

1.2Mresidents

Under 18271,17923.0%

Adults 18–64755,55464.1%

65 & Over151,92012.9%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

271,179+0.7% YoY

Population 65 & Over

151,920+5.5% YoY

Median Age

37.30+0.3% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house85.0%

Moved (within US)14.0%

Other1.0%

Veterans

5.6%-1.8% YoY

County Economy

County median household income is $106K, 8.1% of residents are below the poverty level, 29.1% work from home.

Income

Median Household Income

$106K+3.9% YoY

Per-Capita Income

$55K+4.7% YoY

Mean Household Income

$140K+4.1% YoY

Poverty

Below Poverty Level

8.1%+2.5% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone61.4%

Public transit0.7%

Worked from home29.1%

Other8.8%

Worked From Home

29.1%+11.9% YoY

Mean Commute

25.10-0.8% YoY

Done with Raleigh? Put it next to another market.