Southeast Raleigh, Raleigh, NC—27610
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Southeast Raleigh, Raleigh, NC
As of Oct '25, the median home price in Southeast Raleigh, Raleigh, NC is $317,000, with a year-over-year change of -4.8%. This indicates that home prices in Southeast Raleigh, Raleigh, NC are decreasing. 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 | $317,000 | -4.8% |
| Single Family | $318,000 | -4.8% |
| Condos | $248,000 | -3.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $277,000 | -5.5% |
3 Bed | $314,000 | -4.8% |
4 Bed | $361,000 | -4.5% |
| 5 Bed | $444,000 | -2.6% |
% of Housing Stock
Rental Trends — Southeast Raleigh, Raleigh, NC
As of July '25, Rentcast reports the average rent in Southeast Raleigh, Raleigh, NC is $1,700, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Southeast Raleigh, Raleigh, NC is studios: $1,270, 1-bedrooms: $1,260, 2-bedrooms: $1,400, 3-bedrooms: $1,910, 4-bedrooms: $2,210. The most common rental property sizes in Southeast Raleigh, Raleigh, NC are 2-bedroom and 3-bedroom, accounting for 37.9% and 36.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,700 |
| Studio Rent | $1,220 | $1,270 |
| 1 Bed Rent | $1,300 | $1,260 |
| 2 Bed Rent | $1,350 | $1,400 |
| 3 Bed Rent | $1,900 | $1,910 |
| 4 Bed Rent | $2,150 | $2,210 |
% of Rental Stock
Property Listings — Southeast Raleigh, Raleigh, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Southeast Raleigh, Raleigh, NC is 63. This is a increase of 16.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $357,000 | -3.0% |
Listing Count | 338 | -3.0% |
| Listings as % of Homes | 0.9% | -3.0% |
Days on Market | 63 | 16.0% |
Demographics — Southeast Raleigh, Raleigh, NC
As of the latest ACS Survey released in 2023, Southeast Raleigh, Raleigh, NC has a population of 80,200, which has increased by 2.2% over the past 5 years. Southeast Raleigh, Raleigh, NC is a popular place for families, as children make up 25.3% of the population. The area has a moderately educated workforce, with 28.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 80,200 | 2.2% |
% Under 18 | 25.3% | -10.0% |
% Seniors | 10.5% | 23.5% |
% WFH | 17.3% | 214.5% |
% w/ College Degree | 28.4% | 10.9% |
As of the latest ACS Survey released in 2023, Southeast Raleigh, Raleigh, NC is a predominantly black area, with 59.9% of the population identifying as black. The black population has shrunk by 5.8% in the last 5 years. The second most common race or ethnicity in Southeast Raleigh, Raleigh, NC is hispanic, making up 19.9% of the population. Foreign-born residents account for 13.8% of the population in Southeast Raleigh, Raleigh, NC, and this percentage has increased by 12.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 15.3% | -2.5% |
% Black | 59.9% | -5.8% |
% Hispanic | 19.9% | 10.6% |
% Asian | 1.2% | -20.0% |
% Foreign Born | 13.8% | 12.2% |
Mortgage and Risk — Southeast Raleigh, Raleigh, NC
According to HUD data as of 2023, there were 1891 mortgage originations in Southeast Raleigh, Raleigh, NC, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Southeast Raleigh, Raleigh, NC. Investor activity is low, as 11.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,891 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 11.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Southeast Raleigh, Raleigh, NC
As of 2024, the percent of homes in Southeast Raleigh, Raleigh, NC under the Section 8 program is 14.7%. 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 Southeast Raleigh, Raleigh, NC, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 1,810 |
Total Units Section 8 | 1,731 |
% Rentals under Section 8 | 14.7% |
% Occupied Section 8 | 91.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $90 | $1,300 | $1,390 |
| 2 Bedroom | $190 | $1,350 | $1,540 |
| 3 Bedroom | $10 | $1,900 | $1,910 |
| 4 Bedroom | $440 | $2,150 | $2,590 |
Affordability — Southeast Raleigh, Raleigh, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $317,000 |
| Median Household Income | $66,200 |