Single-family Foreclosures in Raleigh, NC 27616

Current Market Conditions in Raleigh, NC

The real estate market in Raleigh is currently experiencing a surge in demand, driven by an influx of new residents attracted by job opportunities and the city's appealing lifestyle. Home prices have seen steady increases as more buyers enter the market, leading to a competitive landscape where multiple offers on homes are becoming commonplace.

With the growth of the tech industry in the area, particularly in the Research Triangle, Raleigh is seeing more young professionals relocating to the city. This has resulted in a thriving rental market as well as a steady increase in home values, indicating a positive trend for homeowners and investors alike.

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.