Raleigh Real Estate

With inflation rising 8.6% since this time last year, Americans worry about nationwide price hikes for necessities across the board. It’s tempting to jump right into a new neighborhood when you move, but you need to consider if you can afford your new lifestyle.

In this guide, we’re covering the cost of living in Raleigh, North Carolina with data from 2022 that covers prices for all major necessities. These categories give you a better idea of what you’ll need to budget to live comfortably in Raleigh.

Table of Contents:

• Cost of Living in Raleigh

• Income

• Housing costs

• Utilities

• Food

• Healthcare 

• Transportation

• Taxes

• FAQ

Cost of Living in Raleigh

The cost of

A healthy housing market indicates a healthy national economy. In fact, it’s estimated that owner-occupied real estate accounts for over a quarter of American households’ net worth.

It’s no secret Raleigh is an up-and-coming city, but how’s the local real estate market doing? Let’s take a deep dive into emerging data in Wake County from 2022 and narrow down on key Raleigh real estate trends.

Table of Contents:

• Raleigh Real Estate Trends

• Real Estate Demand

• Real Estate Supply

• Pricing Trends

• Raleigh Housing Market Predictions

5 Key Raleigh Real Estate Trends

There’s no question Raleigh’s real estate market is booming. 1,200 experts surveyed by PwC rated the Raleigh/Durham area

Home Appreciation in Raleigh, North Carolina Area

This data compares home appreciation from the timeframe of July 2012-2013 to the timeframe of July 2017-2018

Raleigh

In Raleigh, homes have appreciated by 32% over the last 5 years. The average sales price between July 2012-2013 was $243,489 and five years later (July 2017-2018) it's $321,715. This represents a total appreciation of $78,226 for homeowners in Raleigh over the last five years.

The average days on market in Raleigh has decreased from 88 to 35. This is a significant decrease and only shows just how much buyer demand has increased locally.

Cary

Cary is largely a similar story to Raleigh in the fact that homes have appreciated by 26% over the last five years. While this