House Charts

Raleigh Housing Market: Home Prices & Rent

Updated September 2026 data · metro area
Raleigh home values are down 1.7% over the past year, to a typical $428k - 5% below the August 2022 peak. Typical rent is $1,669 a month (+1.4% in a year).
Typical home value
$428k
-1.7% (-$7,477) in 12 months
From the peak
-5%
Peak $452k, Aug 2022
Since Dec 2019
+47%
from $291k
Typical rent
$1,669/mo
+1.4% in 12 months
Income needed to buy
$115k/yr
20% down, 30% of income
Days to go under contract
55
September 2026

Raleigh home values since 2000

$200k$300k$400k2000200420082012201620202024Peak $452k (Aug 2022)Now $428k

Last few years

$300k$350k$400k$450k20192020202120222023202420252026Peak $452k (Aug 2022)Now $428k

Rent in Raleigh

$1,000$1,200$1,400$1,600201520172019202120232025Now $1,669

Owning vs renting, monthly

Buying the typical Raleigh home with 20% down at this week's 7.32% 30-year rate costs about $2,889/month (principal, interest plus ~1.5% a year for tax and insurance) vs $1,669/month typical rent.

Rate: Freddie Mac, week of Oct 22, 2026. Estimate for comparison only.

What changed this month

Raleigh vs North Carolina vs the U.S.

Typical home12-month changeTypical rent
This 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 Raleigh?

Yes - the typical Raleigh-area home value is down 1.7% over the past 12 months, at $428k (September 2026). Values are 5% below their August 2022 peak of $452k.

Is the Raleigh housing market crashing?

Home values are 5% below their August 2022 peak and down 1.7% 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 Raleigh?

Typical rent in the Raleigh metro is $1,669 a month (September 2026), +1.4% over 12 months.

How much income do you need to buy a home in Raleigh?

About $115k a year to afford the typical home with 20% down, spending no more than 30% of income on housing (September 2026).

Nearby and similar metros

Charlotte, NC · Greensboro, NC · Winston, NC · Durham, NC · Las Vegas, NV · Charleston, SC · Phoenix, AZ · Spokane, WA

Sources: Data Provided by Zillow Group (Zillow Home Value Index and Zillow Observed Rent Index, September 2026; income needed and listing data). 30-year mortgage rate: Freddie Mac PMMS. Figures are for the Raleigh, NC metro area. How we calculate.