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Real Estate Prices & Overview

North Raleigh median real estate price is $433,595, which is more expensive than 67.8% of the neighborhoods in North Carolina and 56.5% of the neighborhoods in the U.S.

The average rental price in North Raleigh is currently $2,357, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 80.6% of the neighborhoods in North Carolina.

North Raleigh is a suburban neighborhood (based on population density) located in Raleigh, North Carolina.

North Raleigh real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) townhomes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the North Raleigh neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

North Raleigh has a 12.5% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 73.5% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Raleigh, the North Raleigh neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

Many people dream of living along a street lined with row houses or other attached homes. Such places do often have an abundance of charm. If you are one of these people, the North Raleigh neighborhood could be your paradise. With 41.9% of the homes and real estate here classified as rowhouses or other attached homes, this neighborhood brims with opportunity to find the right place for you. Only 1.7% of U.S. neighborhoods have more row houses than this neighborhood, making it one of the most interesting things about this special neighborhood.

Occupations

The North Raleigh neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 95.2% of the neighborhoods in America. In fact, 70.7% of the employed people here make a living as an executive, a manager, or other professional. With such a high concentration, this truly shapes the character of this neighborhood, and to a large degree defines what this neighborhood is about.

People

According to NeighborhoodScout's research, North Raleigh is better suited for first-time home buyers than 88.8% of neighborhoods in the state. Most homes here are priced below the state's median house value, yet maintain comparably good appreciation rates over the last decade relative to other neighborhoods in North Carolina. Along with an exclusive multi-metric measure of neighborhood quality developed by NeighborhoodScout that scores high here in this neighborhood, this means that buying into the neighborhood is not only an accessible option but considered a decent first time home buyer choice for building equity in your first home, while being in a quality neighborhood

Diversity

Did you know that the North Raleigh neighborhood has more Russian and Portuguese ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.9% of this neighborhood's residents have Russian ancestry and 2.3% have Portuguese ancestry.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the North Raleigh neighborhood in Raleigh are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 57.1% of the neighborhoods in America. With 21.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 72.0% of U.S. neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the North Raleigh neighborhood, 70.7% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 12.4% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (8.5%), and 8.3% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

Languages

The most common language spoken in the North Raleigh neighborhood is English, spoken by 83.9% of households. Some people also speak Spanish (5.7%).

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the North Raleigh neighborhood in Raleigh, NC, residents most commonly identify their ethnicity or ancestry as English (18.9%). There are also a number of people of German ancestry (14.9%), and residents who report Irish roots (14.0%), and some of the residents are also of Polish ancestry (10.4%), along with some Russian ancestry residents (3.9%), among others. In addition, 14.1% of the residents of this neighborhood were born in another country.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in North Raleigh neighborhood spend between 15 and 30 minutes commuting one-way to work (41.4% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (65.1%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.

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