Raleigh, NC

Population: 431,746
Average annual home appreciation rate: 9.17%
Total of homes for sale in this market: 1,307
Median home price: $223,046
Median Rent: $1,054 per room
Home price range: 41.85% of homes are between $108,001 – $216,000
Median sales price: $131,200
Number of homes: 743
Median foreclosure sales price: $133,249
Foreclosure discount: N/A
Most common home type: 47.47% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 9.13%
Number of renters: 49.02%
Number of owner occupied: 50.98%
Number people living below poverty level: 16.24%
Unemployment rate: 4.50%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Raleigh area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

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