Raleigh housing market: home prices, trends and forecast
Raleigh home prices: the Zillow Home Value Index valued a typical Raleigh, North Carolina home at $424,663 in September 2026, down 1.7% from a year earlier and 5.0% under its July 2022 peak of $447,137.
- What a typical home is worth
- $424,663September 2026, Zillow ZHVI
- Change over 12 months
- −1.7%. Compared with September 2025.
Raleigh home prices since 2000
The grey line shows the United States, and the steel line shows Raleigh. Since January 2000, the typical home in Raleigh has risen from $172,757 to $424,663, ×2.46, while the US figure is ×2.99 over the same months. Prices reached their boom high of $225,680 in December 2007, then fell to a low of $194,077 in March 2012, −14.0%.
Yearly median home prices for Raleigh
Each yearly figure averages the twelve monthly values, and 2026 uses the latest month.
| Year | Raleigh | Change on the year | United States |
|---|---|---|---|
| 2000 | $175,436 | $125,745 | |
| 2001 | $180,456 | +2.9% | $134,899 |
| 2002 | $183,389 | +1.6% | $144,276 |
| 2003 | $185,988 | +1.4% | $155,308 |
| 2004 | $190,235 | +2.3% | $169,891 |
| 2005 | $197,593 | +3.9% | $189,732 |
| 2006 | $209,084 | +5.8% | $206,531 |
| 2007 | $221,404 | +5.9% | $208,449 |
| 2008 | $222,012 | +0.3% | $195,574 |
| 2009 | $214,220 | −3.5% | $177,542 |
| 2010 | $210,367 | −1.8% | $171,462 |
| 2011 | $200,264 | −4.8% | $162,508 |
| 2012 | $195,191 | −2.5% | $161,137 |
| 2013 | $202,444 | +3.7% | $171,420 |
| 2014 | $212,973 | +5.2% | $182,996 |
| 2015 | $224,820 | +5.6% | $192,738 |
| 2016 | $241,684 | +7.5% | $204,509 |
| 2017 | $257,375 | +6.5% | $216,767 |
| 2018 | $272,024 | +5.7% | $230,541 |
| 2019 | $287,108 | +5.5% | $242,088 |
| 2020 | $303,104 | +5.6% | $257,151 |
| 2021 | $352,008 | +16.1% | $295,959 |
| 2022 | $429,783 | +22.1% | $340,014 |
| 2023 | $433,526 | +0.9% | $348,160 |
| 2024 | $443,749 | +2.4% | $359,751 |
| 2025 | $435,897 | −1.8% | $362,959 |
| September 2026 | $424,663 | −1.7% | $366,157 |
Current value of Raleigh homes bought in any year
An estimate based on an index for a typical home, not an appraisal.
For each year, the figure averages its twelve monthly index values, and the current value is September 2026. Other options: the appreciation calculator for your home.
Thinking about selling? Compare local agents through Realtor.com. Advertising disclosure: this site may receive payment for links like this one, but it never changes a number. Disclosure.
Raleigh housing market forecast
For the Raleigh, NC metro, Zillow's forecast is −0.5% for the 12 months starting September 2026 and −0.2% for the next three months. That would put Raleigh's typical value of $424,663 near $422,500 one year on.
This metro number comes from Zillow's central estimate, restated here; the site itself publishes no forecast. Forecasts of this kind over 12 months have typically landed several percentage points away from the realised change, in both directions. No investment advice is provided.
All metro forecasts in one table: housing market forecast.
Raleigh housing market crash risk score
High: 65 of 100
Using five conditions that were running high before earlier price falls, the score places Raleigh against the 292 cities. Every input gets a score from 0 to 100 when compared with the other cities; the five results are averaged with equal weight. It shows current conditions but does not predict a crash.
| Input | Value | Sub-score | Weight |
|---|---|---|---|
| Active listings vs 2019 | +18.1% | 68 | 20% |
| How long homes take to sell vs 2019 | +1.7% | 44 | 20% |
| Price-to-rent ratio | 22.5 | 74 | 20% |
| Price-to-income ratio | 5.0 | 54 | 20% |
| 12-month price change | −1.7% | 87 | 20% |
Investment advice is not offered. The scoring of the inputs: methodology. Ranking of all 292 cities: city crash risks.
Inventory and days on market for Raleigh
In September 2026 the Raleigh, NC metro's homes for sale numbered 6,125. The total was +7.6% above a year earlier and +18.1% above the same month of 2019. Listings sold in a median of 59 days (+1.7% against 2019), with 24.1% of listings getting a price cut.
| Raleigh, NC metro, September 2026 | Value | On a year |
|---|---|---|
| Active listings | 6,125 | +7.6% |
| New listings | 2,296 | |
| Median days on market | 59 | +0.9% |
| Median list price | $445,000 | −2.6% |
| Share with a price cut | 24.1% |
Realtor.com® Economic Research, metro inventory. Data from Realtor.com. All metros: days on market by city.
Living costs and rent in Raleigh
The Zillow Observed Rent Index puts the typical monthly asking rent in Raleigh at $1,572 a month, +1.3% on a year. That rent would cover the typical home in 22.5 years. Median household income comes to $85,060 (Census ACS 2024), which makes the typical home 5.0 times a year's income. Metro prices stand at 98.2 on the BEA scale, against a US average of 100, with housing costs at 103.5.
Other North Carolina housing markets
- $389,648 for Charlotte.
- $260,573 for Greensboro.
- $384,724 for Durham.
- $260,047 for Winston-Salem.
- Fayetteville, North Carolina $221,511
- Wilmington, North Carolina $416,464
- $444,478 for Asheville.
- Chapel Hill $621,909
The state as a whole: North Carolina housing market.
How the chart works
On the chart, each point plots the Zillow Home Value Index for Raleigh, which tracks what a typical home in the market's middle third was worth, smoothed and seasonally adjusted, in that month's dollars. The hollow dot shows the month picked on the slider, and the terracotta dot shows the most recent month. No inflation adjustment is applied to these figures, and the index follows the typical home instead of a single house: to find what one home is worth, take its own sale price and then use the card above it, or the appreciation calculator.