The typical home in Raleigh, NC is worth about $440,000.
With 20% down that's a loan near $352,000 — the calculator
is pre-filled with that figure. The Research Triangle pairs strong tech and university incomes with prices that, while rising, remain reasonable for the Sun Belt. Low property tax rates help keep monthly costs manageable.
$2,285.41 / month
Total interest
$470,743
Total paid
$822,743
Payoff
30.0 years
How much you need to earn
Raleigh, NC's median household income is about
$85,000 a year. Under standard 28/36
lending rules that supports a home price around
$321,342 with 20% down —
below the $440,000 typical price, so many buyers need a larger down payment, a co-borrower, or a longer commute.
Typical asking rent in Raleigh, NC is about $1,650 a month, so owning the median home costs roughly
$1,104 more per month before tax
effects, maintenance, and any change in home value.
Frequently asked questions
What is a typical mortgage payment in Raleigh, NC?
On the metro's roughly $440,000 typical home with 20% down, the loan is about $352,000. Principal and interest run near $2,285 a month at today's rate, and Raleigh, NC's property tax plus insurance add about $468, for a full payment near $2,754.
Can I afford a home in Raleigh, NC on the median income?
The median household income is about $85,000 a year. Under standard 28/36 lending rules that supports a home price around $321,342 with 20% down — below the $440,000 typical price, so buyers often need a larger down payment or a co-borrower.
Is it cheaper to rent or buy in Raleigh, NC?
Typical asking rent is about $1,650 a month. The full owner payment on a median home is near $2,754, so owning costs roughly $1,104 more per month before tax effects, maintenance, and any appreciation.
How much are property taxes in Raleigh, NC?
The effective property tax rate in the core county is about 0.80% of market value — roughly $3,520 a year on the typical home. Your exact rate depends on the municipality and any exemptions.
Are home prices in Raleigh, NC rising or falling?
Home values are up about 3% over the past year. The Research Triangle pairs strong tech and university incomes with prices that, while rising, remain reasonable for the Sun Belt. Low property tax rates help keep monthly costs manageable.