Property Prices in Raleigh, NC, United States

Index Info
Price to Income Ratio: 3.16
Mortgage as Percentage of Income: 22.48%
Loan Affordability Index: 4.45
Price to Rent Ratio - City Centre: 13.37
Price to Rent Ratio - Outside of Centre: 7.88
Gross Rental Yield (City Centre): 7.48%
Gross Rental Yield (Outside of Centre): 12.69%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,379.10 $ 1,200.00-1,800.00
Apartment (1 bedroom) Outside of Centre 1,007.00 $ 900.00-1,300.00
Apartment (3 bedrooms) in City Centre 1,985.37 $ 1,474.00-3,000.00
Apartment (3 bedrooms) Outside of Centre 1,483.06 $ 1,300.00-2,100.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 340.00 $ 180.00-734.71
Price per Square Feet to Buy Apartment Outside of Centre 147.66 $ 125.00-204.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,154.94 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.75 3.25-4.80

These data are based on 257 entries in the past 18 months from 55 different contributors.
Last update: February 2021

Sources and References
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