According to statistics, the population in Raleigh, NC amounts to 470,509, which shows growth 1% compared to the previous year. The median age of the city’s residents is 34. The average household income is $65,695, shifting growth 2% from the past year, and the average property value in Raleigh, NC growth 12% to $268,900 throughout the year.
|Number Of Employees||261,800|
|Median Property Value||$268,900|
The average household income in Raleigh, NC grew from $64,660 to $65,695 in the past year. This data is an estimate based upon 188,941 households in Raleigh, NC . The chart below presents how household income is distributed in Raleigh, NC in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Raleigh, NC shifted from $239,700 to $268,900 throughout the year. The subsequent graph indicates the share of properties in the given price range in Raleigh, NC in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Raleigh, NC properties falls in the '$300,000 to $399,999' range, which is higher than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Raleigh, NC compared to median property taxes around the country. The prevalent amount of property taxes in Raleigh, NC equals $3000, which is less than the national average.
|Apartment Size||Jul||vs Last Month|
|Studio for sale||$758,333||+39.9%|
|1 bed for sale||$309,666||-1.9%|
|2 bed for sale||$329,018||-10.2%|
|3 bed for sale||$422,988||-4.3%|
|4+ bed for sale||$728,365||-11.2%|
During Jul 2022, the average price for an apartment in/near Raleigh, NC decreased by 10.7% to $516,851.
After collecting all data points, we now see that the average price for 1-bed apartment decreased by 1.9% to $309,666. Asking price for 2-bed apartment also decreased by 10.2% and a place of this size will now cost you $329,018. A 3-bed apartment goes for $422,988, it decreased by 4.3% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 11.2% and made it down to $728,365.
|Listing Type||Jul||vs Last Month|
|Houses for sale||$593,079||-10.7%|
|Condos for sale||$353,670||-11.3%|
|Other for sale||$252,000||N/A|
|Duplexes for sale||$900,000||+66.1%|
|Land for sale||$607,990||-2%|
|Townhouses for sale||$390,422||-1.4%|
Price reports demonstrate that house price decreased by 10.7% this month making it up to $593,079. Condos faced an upward trend these days. The median price for a condo decreased by 11.3%, it’s now available for $353,670. You can now purchase a duplex for just $900,000, duplex price increased by 66.1% this month. The property value of townhouses decreased by 1.4%, you’ll have to spend around $390,422 to get one.