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These days, finding an affordable place to live in the East Raleigh area can be challenging. Home prices in East Raleigh are now at a median cost of $425,217, lower than the Raleigh average of $448,953.
The average cost of rent is $1,260/mo in East Raleigh, primarily driven by the current value of real estate in the East Raleigh area. In East Raleigh, 51.70% of households rent, and 16.94% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in East Raleigh is $4,801 per month. Households that rent pay about 26.24% of their income on rent here. East Raleigh’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- North Central, Raleigh, NC: higher priced homes
- Mordecai, Raleigh, NC: higher priced homes
- South Central, Raleigh, NC: higher priced homes
- Central, Raleigh, NC: higher priced homes
- Five Points, Raleigh, NC: higher priced homes
- Southeast, Raleigh, NC: less expensive homes
- South, Raleigh, NC: less expensive homes
- Hillsborough, Raleigh, NC: higher priced homes
- Falls of Neuse, Raleigh, NC: higher priced homes
- Wade, Raleigh, NC: higher priced homes
Neighborhoods with Similar Populations
- Rose Park, Salt Lake City, UT: equally priced homes
- Hough, Cleveland, OH: less expensive homes
- Lawncrest, Philadelphia, PA: less expensive homes
- Beresford, San Mateo, CA: higher priced homes
- West Beaverton, Beaverton, OR: higher priced homes
- Grayland, Chicago, IL: equally priced homes
- Glendale-Heatherdowns, Toledo, OH: less expensive homes
- Moanalua, Honolulu, HI: higher priced homes
- South Central Westminster, Westminster, CO: equally priced homes
- Russian Jack Park, Anchorage, AK: less expensive homes
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