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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.60% |
| One Bedroom | 16.30% |
| Two Bedrooms | 31.70% |
| Three Bedrooms | 33% |
| Four Bedrooms | 13.90% |
| Five Bedrooms or more | 2.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.46 |
| Median year structure was built | 1981 |
| Median Value of occupied units | $156,000 |
| Median Price asked for vacant units | $138,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.14 |
| Median year structure was built | 1981 |
| Median Monthly Rent asked for vacant units | $669 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.50% |
| Second Mortgage | 8.80% |
| Home Equity Loan | 14.50% |
| Simple Mortgage | 57.10% |
| Debt Free | 19.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.3% |
