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These days, finding an affordable place to live in the Southwest Raleigh area can be challenging. Home prices in Southwest Raleigh are now at a median cost of $368,967, lower than the Raleigh average of $448,953.
The average cost of rent is $1,416/mo in Southwest Raleigh, primarily driven by the current value of real estate in the Southwest Raleigh area. In Southwest Raleigh, 64.44% of households rent, and 35.00% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Southwest Raleigh is $4,813 per month. Households that rent pay about 29.43% of their income on rent here. Southwest Raleigh’s most expensive areas are in the southwestern regions, while the cheapest areas are in the central parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Central, Raleigh, NC: higher priced homes
- Hillsborough, Raleigh, NC: higher priced homes
- South Central, Raleigh, NC: higher priced homes
- West, Raleigh, NC: higher priced homes
- Wade, Raleigh, NC: higher priced homes
- North Central, Raleigh, NC: higher priced homes
- Mordecai, Raleigh, NC: higher priced homes
- Five Points, Raleigh, NC: higher priced homes
- South, Raleigh, NC: less expensive homes
- East Raleigh, Raleigh, NC: higher priced homes
Neighborhoods with Similar Populations
- Theater District, Manhattan, NY: higher priced homes
- Lake Murray, San Diego, CA: higher priced homes
- Lents, Portland, OR: higher priced homes
- Liliha-Kapalama, Honolulu, HI: higher priced homes
- Linda Vista, San Diego, CA: higher priced homes
- Northampton, Hampton, VA: less expensive homes
- Northeast Dallas, Carrollton, TX: higher priced homes
- Northshore, Houston, TX: less expensive homes
- South Phoenix, Phoenix, AZ: equally priced homes
- Southeast Boulder, Boulder, CO: higher priced homes
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