Cary, NC Housing Market: Home Prices & Rent
Cary home values since 2000
Last few years
Rent in Cary
Owning vs renting, monthly
Buying the typical Cary home with 20% down at this week's 7.32% 30-year rate costs about $4,138/month (principal, interest plus ~1.5% a year for tax and insurance) vs $1,768/month typical rent.
Rate: Freddie Mac, week of Oct 22, 2026. Estimate for comparison only.
Cary vs the Raleigh metro, North Carolina and the U.S.
| Typical home | 12-month change | Typical rent | |
|---|---|---|---|
| Cary, NC | $613k | -1.3% | $1,768/mo |
| Raleigh metro | $428k | -1.7% | $1,669/mo |
| North Carolina | $332k | -0.2% | - |
| United States | $366k | +1.2% | $1,932/mo |
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Common questions
Are home prices falling in Cary, NC?
Yes - the typical Cary home value is down 1.3% over the past 12 months, at $613k (September 2026). Values are 3% below their January 2025 peak of $632k.
Is the Cary housing market crashing?
Home values are 3% below their January 2025 peak and down 1.3% over the past year - a gradual decline, not a sudden collapse. Whether that continues isn't knowable from the data - this page updates every month when new figures come out.
How much is rent in Cary, NC?
Typical rent in Cary is $1,768 a month (September 2026), +1.5% over 12 months.
Is Cary more expensive than the rest of the Raleigh area?
The typical Cary home ($613k) is 43% above the Raleigh metro typical of $428k (September 2026).
More of the Raleigh area
Sources: Data Provided by Zillow Group (Zillow Home Value Index and Zillow Observed Rent Index for the city of Cary, September 2026; days to contract for the metro area). 30-year mortgage rate: Freddie Mac PMMS. How we calculate.