The Most Affordable Neighborhoods in Falls of Neuse, Raleigh, NC by Home Value

 

Falls of Neuse, Raleigh, NC Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Falls of Neuse area can be challenging. Home prices in Falls of Neuse are now at a median cost of $348,741, higher than the Raleigh average of $307,435.

The average cost of rent is $1,278/mo in Falls of Neuse, primarily driven by the current value of real estate in the Falls of Neuse area. While nearly 34.18% of residents own their homes outright in Falls of Neuse, 51.30% rent.

Housing affordability isn’t just about home prices, though. The average household income in Falls of Neuse is $5,626 per month. Households that rent pay about 22.71% of their income on rent here. Falls of Neuse's most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the neighborhood.


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