Reasons to Move to Wake County, NC
Prospective homebuyers are clearly taking advantage of the current interest rates and numerous government assistance programs. These interest rates mean homebuyers in Wake County can now afford much more house for the same monthly payment compared to when rates are higher. Motivated and opportunistic sellers in Wake County can field multiple offers from more qualified buyers, making it a dynamic market for both buyers and sellers.
What type of property to buy in Wake County,
Our extensive database in Wake County includes 19 preforeclosures, foreclosure auction properties, bankruptcies, REOs (real estate owned by lenders), and properties from HUD, VA, Fannie Mae, and other government agencies in Wake County. We also feature listings from over 100 corporate sellers. Our information is updated daily, sourced directly from these entities, ensuring you receive the freshest and most accurate data. This meticulously compiled and organized collection makes your search as straightforward as possible. Only www.foreclosure.com offers this unparalleled, trustworthy resource, backed by our commitment to providing expert, authoritative, and up-to-date information. Visit our FAQ section to read more about the different listing types and how to purchase them.
Pros and Cons of Living in Wake County, NC
How do you know that living in—or moving to— Wake County is the right choice for you? Perhaps you grew up in Wake County or already live nearby, making the decision to buy a home here a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Wake County for work or just looking for a fresh start, understanding the neighborhood from afar (online) can be challenging and exhausting.
Here are some expert tips to consider when shopping for foreclosed homes for sale in Wake County:
- Neighborhood Environment: Do you prefer a suburban, urban, or rural setting?
- Shopping and Dining: What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local), and businesses (small, big, mixed) would you like nearby?
- Leisure Activities: What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
- Commute: What type of commute (car, plane, home office) suits your lifestyle?
Creating a "Pros vs. Cons" list of what you need in a home and neighborhood is always a helpful step in making an informed decision. With expert insights and up-to-date market data from foreclosure.com, you can confidently explore the opportunities in Wake County, .
Raleigh, NC Foreclosures
How much do homes sell for in Raleigh, NC?
The average home price is currently $611,201.
In Raleigh, NC, how many homes are available?
There are currently 19 active home listings available in Raleigh.
What’s the average rental cost in Raleigh, NC?
The average rental price in Raleigh is $1,616.
What is the most expensive home in Raleigh?
The most expensive home sold in Raleigh had a price of $190,875,824.
What is currently the cheapest priced home in Raleigh, NC?
The cheapest home for sale in Raleigh is priced at $10,091.
Living in Raleigh, NC
Raleigh, NC is a vibrant city known for its historical significance and modern amenities. With a thriving job market and numerous educational institutions, Raleigh attracts individuals and families alike. The city's parks and recreational facilities provide ample opportunity for outdoor activities amidst a friendly community atmosphere.
Current Market Conditions in Raleigh, NC
The Raleigh real estate market has seen significant growth over the past year. Strong demand, fueled by an influx of new residents and job growth, has driven home prices upward while providing a range of options for buyers.
Raleigh has consistently been recognized as one of the best places to live and work in the U.S., which has led to increased interest from both local and out-of-state buyers. The market remains competitive with low inventory levels.
In addition to residential sales, the area has witnessed a surge in commercial developments, enhancing the overall economy and contributing to the area's appeal.
Home Value Estimator For Raleigh, NC
There are currently 170,626 real estate properties
in Raleigh, NC,
with a median automated valuation model (AVM) price
of $442,683.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Raleigh, NC, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Raleigh, NC,
is $611,201.00, with the most expensive house
in Raleigh, NC, topping out
at $190,875,824.00 and the cheapest home
in Raleigh, NC,
clocking in at $10,091.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Raleigh, NC!
Rent Prices
In Raleigh, NC
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Raleigh, NC, is on
a rollercoaster ride. The
average rent price in Raleigh, NC,
is $1,616.00. Indeed, when looking to rent in
Raleigh, NC, you can expect to pay as little
as $480.00 or as much
as $4,560.00,
with the average rent median estimated to
be $1,450.00. The good news is that finding
an affordable and desirable property to rent in Raleigh, NC
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
