Latest available · Census ACS 5-Year (2024)
What Is the Average Rent in Raleigh city, North Carolina?
City · Census ACS 5-Year estimates
The median gross rent in Raleigh city, North Carolina is $1,572/month (±$23), based on Census ACS 5-Year estimates (2024). The median home value is $415,800 (±$7,720), and the median household income is $85,395/year. The unemployment rate in Wake County, North Carolina was 3% as of April 2026 (preliminary). Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Housing Metrics for Raleigh city, North Carolina
| Metric | Value |
|---|---|
| Median Gross Rent | $1,572 |
| Median Home Value | $415,800 |
| Median Household Income | $85,395 |
| Total Housing Units | 203,443 |
| Renter-Occupied Units | 100,202 |
| Renter-Occupied Share | 49% |
| Households Paying 50%+ Income | 23,543 households |
| Unemployment Rate(April 2026) | 3% |
How does Raleigh city, North Carolina compare?
Median gross rent ranked against all cities in North Carolina.
Higher rent than 90% of cities in North Carolina · 60th of 614
| # | City | Value |
|---|---|---|
| 1 | Carolina Meadows CDP | $3,501 |
| 1 | Fearrington Village CDP | $3,501 |
| 3 | Wesley Chapel village | $3,191 |
| … 56 more … | ||
| 60 | Raleigh city(you are here) | $1,572 |
| … 551 more … | ||
| 612 | Kenansville town | $384 |
| 613 | Robbinsville town | $364 |
| 614 | Elk Park town | $241 |
More data for Raleigh city, North Carolina
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Frequently asked questions
What is the average rent in Raleigh city, North Carolina?
The median gross rent in Raleigh city, North Carolina is $1,572/month, based on Census ACS 5-Year estimates (2024). Gross rent includes contract rent plus utilities. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent for a 2-bedroom in Raleigh city, North Carolina?
The median rent for a 2-bedroom in Raleigh city, North Carolina is not available based on Census ACS 5-Year estimates (2024). Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the median home value in Raleigh city, North Carolina?
The median home value in Raleigh city, North Carolina is $415,800 according to Census ACS 5-Year estimates (2024).
What percentage of renters in Raleigh city are rent-burdened?
In Raleigh city, North Carolina, 23,543 households pay 50% or more of their income for rent. A household is considered rent-burdened when it spends more than 30% of income on housing costs.
What is the median household income in Raleigh city, North Carolina?
The median household income in Raleigh city, North Carolina is $85,395/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median rent of $1,572 has a margin of error of ±$23. In very small areas, MOEs can be large relative to the estimate.
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