Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Central area can be challenging. Home prices in Central are now at a median cost of $426,573, higher than the Raleigh average of $307,435.
The average cost of rent is $1,265/mo in Central, primarily driven by the current value of real estate in the Central area. While nearly 16.81% of residents own their homes outright in Central, 73.42% rent.
Housing affordability isn’t just about home prices, though. The average household income in Central is $6,208 per month. Households that rent pay about 20.37% of their income on rent here. Central's most expensive areas are in the western regions, while the cheapest areas are in the southwestern parts of the neighborhood.
Nearby Neighborhoods
- South Central, Raleigh, NC: less expensive homes
- North Central, Raleigh, NC: equally priced homes
- Mordecai, Raleigh, NC: equally priced homes
- Hillsborough, Raleigh, NC: equally priced homes
- Southwest Raleigh, Raleigh, NC: less expensive homes
- Five Points, Raleigh, NC: higher priced homes
- Wade, Raleigh, NC: higher priced homes
- East Raleigh, Raleigh, NC: less expensive homes
- South, Raleigh, NC: less expensive homes
- Glenwood, Raleigh, NC: higher priced homes
Neighborhoods with Similar Populations
- Gross Point, Wilmette, IL: higher priced homes
- Sierra Springs, San Antonio, TX: less expensive homes
- Scenic Heights, Arvada, CO: higher priced homes
- Coomer Creek, Garland, TX: less expensive homes
- Crest Drive, Eugene, OR: equally priced homes
- Riverside, Wichita, KS: less expensive homes
- Downtown Modesto, Modesto, CA: less expensive homes
- Palmer, Newport News, VA: less expensive homes
- Elmwood Park, Detroit, MI: less expensive homes
- Alki, Seattle, WA: higher priced homes
All Local Stats
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