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Raleigh, Cary Metro Area Housing

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As of 2010-2014, median price of a house in Raleigh, Cary Area is $206,600, which is higher than the state average of $153,600 and is higher than the national average of $175,700. The median year that a house in Raleigh, Cary Area was built is 1993, which is newer than the median year for a house built in the state which is 1986 and is newer than the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 291,842 Owner Occupied Houses in Raleigh, Cary Area, #105

Raleigh, Cary Area	206,600 USD
North Carolina	153,600 USD
U.S.	175,700 USD

Median House Price Growth Since 2005-2009, see rank

Raleigh, Cary Area	8.62%
North Carolina	41.83%
U.S.	46.91%

*The Raleigh, Cary Area median house price growth rate is since 2005-2009. The North Carolina and U.S population growth rate is since 2000.

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	Raleigh, Cary Area	North Carolina	U.S.
Total Housing Units	480,522, see rank, 100%	4,385,668	132,741,033
Occupied Housing Units	440,375, 91.65%, see rank	85.34%	87.55%
Owner Occupied	291,842, 60.73%, see rank	56.13%	56.34%
Renter Occupied	148,533, 30.91%, see rank	29.20%	31.21%
Vacant Housing Units	40,147, 8.35%, see rank	14.66%	12.45%
For Rent	11,349, 2.36%, see rank	2.65%	2.34%
For Sale Only	5,948, 1.24%, see rank	1.41%	1.20%
Rented or Sold, Not Occupied	4,839, 1.01%, see rank	0.78%	0.92%
For Seasonal, Recreational, or Occasional Use	3,794, 0.79%, see rank	4.81%	3.97%
For Migrant Workers	223, 0.05%, see rank	0.03%	0.03%
Other Vacant	13,994, 2.91%, see rank	4.98%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #9

Raleigh, Cary Area	North Carolina	U.S.
1993	1986	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	Raleigh, Cary Area	%	North Carolina	U.S.
Owner-Occupied Units	291,842	100%	2,461,741	74,787,460
With a Mortgage	227,212	77.85%, see rank	66.10%	65.58%
Without a Mortgage	64,630	22.15%, see rank	33.90%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

Raleigh, Cary Area	1,492 USD
North Carolina	1,272 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	Raleigh, Cary Area	%	North Carolina	U.S.
$299 or Less	397	0.17%, see rank	0.29%	0.20%
$300 to $499	2,572	1.13%, see rank	2.34%	1.59%
$500 to $699	7,061	3.11%, see rank	6.85%	5.01%
$700 to $999	27,540	12.12%, see rank	20.33%	14.32%
$1,000 to $1,499	77,226	33.99%, see rank	34.42%	27.90%
$1,500 to $1,999	55,533	24.44%, see rank	18.69%	20.35%
$2,000 to $2,999	42,596	18.75%, see rank	12.57%	19.52%
$3,000 or More	14,287	6.29%, see rank	4.51%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Raleigh, Cary Area	21.10% of the Total Income
North Carolina	22.60% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Raleigh, Cary Area	%	North Carolina	U.S.
10% or Less	14,775	6.50%, see rank	6.41%	5.86%
10% to 20%	90,414	39.79%, see rank	34.98%	31.95%
20% to 30%	61,851	27.22%, see rank	27.06%	27.64%
30% to 40%	26,607	11.71%, see rank	12.56%	13.74%
40% or More	32,683	14.38%, see rank	18.39%	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

Raleigh, Cary Area	448 USD
North Carolina	373 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	Raleigh, Cary Area	%	North Carolina	U.S.
$199 or Less	3,179	4.92%, see rank	10.23%	7.76%
$200 to $299	9,207	14.25%, see rank	21.81%	14.70%
$300 to $499	26,608	41.17%, see rank	41.59%	34.63%
$500 to $699	15,862	24.54%, see rank	16.79%	21.16%
$700 or More	9,774	15.12%, see rank	9.58%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Raleigh, Cary Area	10.30% of the Total Income
North Carolina	11.90% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Raleigh, Cary Area	%	North Carolina	U.S.
10% or Less	31,380	48.55%, see rank	41.92%	40.19%
10% to 20%	18,861	29.18%, see rank	31.16%	31.47%
20% to 30%	6,329	9.79%, see rank	12.06%	12.24%
30% to 40%	3,129	4.84%, see rank	5.28%	5.64%
40% or More	4,324	6.69%, see rank	8.16%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	Raleigh, Cary Area	North Carolina	U.S.
Total Housing Units	480,522, 100%	4,385,668	132,741,033
1-unit, Detached	302,313, 62.91%, see rank	65.33%	61.65%
1-unit, Attached	37,715, 7.85%, see rank	3.82%	5.82%
2 Units	6,852, 1.43%, see rank	2.14%	3.75%
3 or 4 Units	12,799, 2.66%, see rank	2.74%	4.43%
5 to 9 Units	24,955, 5.19%, see rank	4.44%	4.78%
10 or More Units	62,210, 12.95%, see rank	7.98%	13.08%
Mobile Home, Boat, RV, Van, etc.	33,678, 7.01%, see rank	13.55%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	Raleigh, Cary Area	North Carolina	U.S.
Total Housing Units	480,522, 100%	4,385,668	132,741,033
1 Room	5,475, 1.14%, see rank	1.18%	1.95%
2 Rooms	7,548, 1.57%, see rank	1.51%	2.48%
3 Rooms	34,970, 7.28%, see rank	6.93%	9.13%
4 Rooms	72,152, 15.02%, see rank	17.44%	16.60%
5 Rooms	93,552, 19.47%, see rank	23.63%	20.41%
6 Rooms	76,916, 16.01%, see rank	18.81%	18.06%
7 Rooms	63,664, 13.25%, see rank	12.36%	12.27%
8 Rooms	48,403, 10.07%, see rank	8.08%	8.48%
9 Rooms or More	77,842, 16.20%, see rank	10.08%	10.60%
Median Rooms	5.80, see rank	5.50	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	Raleigh, Cary Area	North Carolina	U.S.
Total Housing Units	480,522, 100%	4,385,668	132,741,033
No Bedroom	5,907, 1.23%, see rank	1.26%	2.17%
1 Bedroom	36,649, 7.63%, see rank	6.61%	11.16%
2 Bedrooms	104,874, 21.83%, see rank	26.47%	26.69%
3 Bedrooms	212,333, 44.19%, see rank	47.54%	39.70%
4 Bedrooms	94,476, 19.66%, see rank	14.55%	16.05%
5 or More Bedrooms	26,283, 5.47%, see rank	3.57%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	Raleigh, Cary Area	North Carolina	U.S.
Total Housing Units	440,375, 100%	3,742,514	116,211,092
Utility Gas	158,647, 36.03%, see rank	24.68%	48.85%
Bottled, Tank, or LP Gas	27,508, 6.25%, see rank	8.00%	4.86%
Electricity	247,477, 56.20%, see rank	60.27%	36.68%
Fuel Oil, Kerosene, etc.	3,457, 0.79%, see rank	4.34%	5.86%
Coal or Coke	25, 0.01%, see rank	0.01%	0.12%
Wood	1,970, 0.45%, see rank	2.17%	2.12%
Solar Energy	81, 0.02%, see rank	0.03%	0.05%
Other Fuel	229, 0.05%, see rank	0.15%	0.47%
No Fuel Used	981, 0.22%, see rank	0.35%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	Raleigh, Cary Area	North Carolina	U.S.
Occupied Units Paying Rent	143,058, 100%	1,186,631	39,201,928
$199 or Less	1,201, 0.84%, see rank	1.77%	1.50%
$200 to $299	2,650, 1.85%, see rank	3.01%	3.18%
$300 to $499	5,948, 4.16%, see rank	9.02%	7.37%
$500 to $699	18,107, 12.66%, see rank	23.78%	16.01%
$700 to $999	60,128, 42.03%, see rank	35.90%	29.17%
$1,000 to $1,499	43,132, 30.15%, see rank	21.06%	26.88%
$1,500 to $1,999	8,563, 5.99%, see rank	3.82%	9.79%
$2,000 or More	3,329, 2.33%, see rank	1.64%	6.10%
Median	$912, see rank	$790	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	Raleigh, Cary Area	North Carolina	U.S.
Occupied Housing Units	440,375, 100%	3,742,514	116,211,092
No Vehicles Available	20,560, 4.67%, see rank	6.54%	9.12%
1 Vehicles Available	140,031, 31.80%, see rank	32.77%	33.80%
2 Vehicles Available	187,424, 42.56%, see rank	38.61%	37.48%
3 or More Vehicles Available	92,360, 20.97%, see rank	22.08%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.