United States · North America · Population: 470,000
Raleigh is relatively affordable for homebuyers, with steady growth in property values. The city has moderate rental prices. At $380,000 average home price in United States, buyers should consider the 5.2x price-to-income ratio when planning a purchase.
| Average Home Price | $380,000 |
| Price per sqm | $3,500 |
| Price-to-Income Ratio | 5.2x |
| Mortgage Rate | 6.8% |
| 1-Year Price Change | +3.5% |
| 1-Bedroom Apartment | $1,400/mo |
| 3-Bedroom Apartment | $2,100/mo |
| Rent-to-Income Ratio | 20% |
| Median Household Income | $73,000/year |
| Years to Buy (at median income) | 5.2 years |
| Local Currency | USD |
With a price-to-income ratio of 5.2x, Raleigh offers reasonable opportunities for homebuyers compared to global averages. Home prices have increased 3.5% in the past year.
Cities worldwide with home prices closest to Raleigh
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