Raleigh, NC home prices
Typical home $428,267 · -1.7% in a year · income needed $118,800
The Raleigh, NC metro area ranks 120 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed -1.7% in a year and +16.1% over five years. With 20% down at 7.11%, the typical home costs about $2,771 a month including 0.71% property tax (Wake County rate).
Mortgage on the typical Raleigh home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $85,653 | $342,613 | $2,305 | $0 | $466 | $2,771 | $118,800 |
| 10% down | $42,827 | $385,440 | $2,593 | $161 | $466 | $3,220 | $138,000 |
| 5% down | $21,413 | $406,853 | $2,737 | $170 | $466 | $3,373 | $144,500 |
| 3.5% down (FHA) | $14,989 | $420,510 | $2,829 | $189 | $466 | $3,485 | $149,300 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.71% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Raleigh area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Wake County, NC | $471,020 | -1.7% | 0.71% |
| Johnston County, NC | $339,986 | -0.6% | 0.62% |
| Franklin County, NC | $355,924 | -0.3% | 0.65% |
What can you afford in North Carolina on your salary? · North Carolina home prices · Salaries in North Carolina
Frequently asked questions
How much is a house in Raleigh?
The typical home in the Raleigh, NC metro area is worth $428,267 (Zillow, September 2026).
What salary do you need to buy a house in Raleigh?
About $118,800 a year for the typical home with 20% down at 7.11%.