Five Points, Raleigh, NC—27608
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Five Points, Raleigh, NC
As of Oct '25, the median home price in Five Points, Raleigh, NC is $1,003,000, with a year-over-year change of 1.8%. This indicates that home prices in Five Points, Raleigh, NC are increasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,003,000 | 1.8% |
| Single Family | $1,036,000 | 1.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $475,000 | -0.4% |
3 Bed | $824,000 | 0.4% |
4 Bed | $1,315,000 | 1.9% |
| 5 Bed | $1,649,000 | -0.4% |
% of Housing Stock
Rental Trends — Five Points, Raleigh, NC
As of July '25, Rentcast reports the average rent in Five Points, Raleigh, NC is $2,210, with a year-over-year rent change of -3.5%. Per bedroom, the median rent as of July '25 in Five Points, Raleigh, NC is studios: $1,580, 1-bedrooms: $1,850, 2-bedrooms: $2,150, 3-bedrooms: $3,130, 4-bedrooms: $4,760. The most common rental property sizes in Five Points, Raleigh, NC are 2-bedroom and 3-bedroom, accounting for 58.0% and 24.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,210 |
| Studio Rent | $1,580 | $1,580 |
| 1 Bed Rent | $1,810 | $1,850 |
| 2 Bed Rent | $2,200 | $2,150 |
| 3 Bed Rent | $3,200 | $3,130 |
| 4 Bed Rent | $4,900 | $4,760 |
% of Rental Stock
Property Listings — Five Points, Raleigh, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Five Points, Raleigh, NC is 51. This is a decrease of -3.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,350,000 | -12.0% |
Listing Count | 106 | 30.0% |
| Listings as % of Homes | 0.7% | 30.0% |
Days on Market | 51 | -3.0% |
Demographics — Five Points, Raleigh, NC
As of the latest ACS Survey released in 2023, Five Points, Raleigh, NC has a population of 12,500, which has increased by 13.3% over the past 5 years. Five Points, Raleigh, NC is a popular place for families, as children make up 25.9% of the population. The area has a highly educated workforce, with 82.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,500 | 13.3% |
% Under 18 | 25.9% | 23.3% |
% Seniors | 16.6% | 0.6% |
% WFH | 23.0% | 152.7% |
% w/ College Degree | 82.2% | 6.5% |
As of the latest ACS Survey released in 2023, Five Points, Raleigh, NC is a predominantly white area, with 88.2% of the population identifying as white. The white population has shrunk by 9.3% in the last 5 years. The second most common race or ethnicity in Five Points, Raleigh, NC is hispanic, making up 5.5% of the population. Foreign-born residents account for 2.7% of the population in Five Points, Raleigh, NC, and this percentage has decreased by 27.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 88.2% | -9.3% |
% Black | 3.4% | 126.7% |
% Hispanic | 5.5% | 511.1% |
% Asian | 0.2% | 0.0% |
% Foreign Born | 2.7% | -27.0% |
Mortgage and Risk — Five Points, Raleigh, NC
According to HUD data as of 2023, there were 261 mortgage originations in Five Points, Raleigh, NC, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 47.0%, with 7.0% above 90% LTV (normal). This implies small mortgage risk in Five Points, Raleigh, NC. Investor activity is low, as 2.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 261 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Five Points, Raleigh, NC
As of 2024, the percent of homes in Five Points, Raleigh, NC under the Section 8 program is 0.8%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Five Points, Raleigh, NC, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 11 |
Total Units Section 8 | 11 |
% Rentals under Section 8 | 0.8% |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$200 | $1,810 | $1,610 |
| 2 Bedroom | -$420 | $2,200 | $1,780 |
| 3 Bedroom | -$990 | $3,200 | $2,210 |
| 4 Bedroom | -$1,910 | $4,900 | $2,990 |
Affordability — Five Points, Raleigh, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.8 |
| Median Home Price | $1,003,000 |
| Median Household Income | $155,000 |