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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 $127,775, lower than the Mississippi average of $183,008.
The average cost of rent is $559/mo in Raleigh, primarily driven by the current value of real estate in the Raleigh area. In Raleigh, 12.54% of households rent, and 70.83% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Raleigh is $5,453 per month. Households that rent pay about 10.26% of their income on rent here. Raleigh’s most expensive areas are in the northern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Cohay, MS: less expensive homes
- Sylvarena, MS: less expensive homes
- Martinville, MS: higher priced homes
- Lemon, MS: higher priced homes
- Mayton, MS: higher priced homes
- Puckett, MS: higher priced homes
- Polkville, MS: higher priced homes
- Montrose, MS: equally priced homes
- Waldrup, MS: less expensive homes
- Bay Springs, MS: equally priced homes
Cities with Similar Populations
- Britt, IA: less expensive homes
- Walnut Grove, GA: higher priced homes
- Vanderbilt, PA: higher priced homes
- Tremont, PA: less expensive homes
- Thornton, IL: higher priced homes
- Terre du Lac, MO: higher priced homes
- Ten Mile, TN: higher priced homes
- Sugar Grove, NC: higher priced homes
- Stanley, NY: higher priced homes
- Springfield, SD: equally priced homes
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