Raleigh, NC Real Estate

According to census data in the year 2000 there were 120,683 housing units in Raleigh. This represents a 30.3% growth from 92,643 in 1990.

Of those housing units, 120,443 were located in either urbanized areas or urban clusters, and 240 were located in what is classified as a rural area.

Homeownership rate in Raleigh is about 51.6%. Raleigh's vacancy rate, including seasonal lodging, is about 6.7%. Average household size is 2.3 people.

The majority of houses, apartments or condos in Raleigh were built after 1981.


Housing Size

Housing Units by Size
Studio Type2.60%
One Bedroom16.30%
Two Bedrooms31.70%
Three Bedrooms33%
Four Bedrooms13.90%
Five Bedrooms or more2.50%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.46
Median year structure was built1981
Median Value of occupied units$156,000
Median Price asked for vacant units$138,300

Rented Homes, Apartments and Condos

Average Household Size2.14
Median year structure was built1981
Median Monthly Rent asked for vacant units$669

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.50%
Second Mortgage8.80%
Home Equity Loan14.50%
Simple Mortgage57.10%
Debt Free19.20%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs19.3%