Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Raleigh area can be challenging. Home prices in Raleigh are now at a median cost of $92,076, lower than the Memphis average of $186,591.
The average cost of rent is $1,059/mo in Raleigh, primarily driven by the current value of real estate in the Raleigh area. While nearly 38.19% of residents own their homes outright in Raleigh, 58.09% rent.
Housing affordability isn’t just about home prices, though. The average household income in Raleigh is $3,771 per month. Households that rent pay about 28.09% of their income on rent here. Raleigh's most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern parts of the neighborhood.
Nearby Neighborhoods
- Berclair-Highland Heights, Memphis, TN: less expensive homes
- Shelby Forest-Frayser, Memphis, TN: equally priced homes
- Crosstown, Memphis, TN: higher priced homes
- Midtown-Memphis, Memphis, TN: higher priced homes
- East Memphis-Colonial-Yorkshire, Memphis, TN: higher priced homes
- Cordova-Appling, Cordova, TN: higher priced homes
- Medical District, Memphis, TN: higher priced homes
- River Oaks-Kirby-Balmoral, Memphis, TN: higher priced homes
- River Oaks, Memphis, TN: higher priced homes
- Downtown Memphis, Memphis, TN: higher priced homes
Neighborhoods with Similar Populations
- Belmont Cragin, Chicago, IL: higher priced homes
- Yorkville, Manhattan, NY: higher priced homes
- Woodward Park, Fresno, CA: higher priced homes
- Woodside, Queens, NY: higher priced homes
- Winnetka Heights, Dallas, TX: higher priced homes
- Williamsbridge, Bronx, NY: higher priced homes
- Westwood, Los Angeles, CA: higher priced homes
- Westchester, Los Angeles, CA: higher priced homes
- Westchase, Houston, TX: higher priced homes
- Crown Heights, Brooklyn, NY: higher priced homes
All Local Stats
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