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Southeast Raleigh, Raleigh, NC—27610

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$316,000
4.7% YoY Growth
Household Income
$66,200
32.2% YoY Growth
Days on Market
72
23.0% Longer YoY
Home Price Forecast
0.9%
Median Rent
$1,700
0.0% YoY Growth
1-Bed Rent
$1,300
2.4% YoY Growth
2-Bed Rent
$1,350
3.4% YoY Growth
3-Bed Rent
$1,900
0.5% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Southeast Raleigh, Raleigh, NC

As of Dec '25, the median home price in Southeast Raleigh, Raleigh, NC is $316,000, with a year-over-year change of -4.7%. This indicates that home prices in Southeast Raleigh, Raleigh, NC are decreasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$316,000-4.7%
Single Family $316,000-4.5%
Condos $246,000-3.9%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$274,000-4.9%
    3 Bed
    		$313,000-4.3%
    4 Bed
    		$358,000-4.3%
    5 Bed $441,154-2.5%
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    % of Housing Stock

    Studio
    0.9%
    1 Bedroom
    5.5%
    2 Bedrooms
    21.0%
    3 Bedrooms
    51.8%
    4 Bedrooms
    18.2%
    5+ Bedrooms
    2.7%

    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.

    TypeMedian RentAverage 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
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    % of Rental Stock

    Studio
    2.0%
    1 Bedroom
    12.3%
    2 Bedrooms
    37.9%
    3 Bedrooms
    36.4%
    4 Bedrooms
    9.9%
    5+ Bedrooms
    1.4%

    Property Listings — Southeast Raleigh, Raleigh, NC

    As of Dec '25, Realtor.com reports that the median days on market for a home in Southeast Raleigh, Raleigh, NC is 65. This is a increase of 20.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$342,000-2.0%
    Listing Count
    		324-4.0%
    Listings as % of Homes0.9%-4.0%
    Days on Market
    		7223.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		80,2002.2%
    % Under 18
    		25.3%-10.0%
    % Seniors
    		10.5%23.5%
    % WFH
    		17.3%214.5%
    % w/ College Degree
    		28.4%10.9%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio4.9
    Median Home Price$316,000
    Median Household Income$66,200

    Southeast Raleigh, Raleigh, NC — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Brentwood, Raleigh, NC

    27604

    Knightdale, NC

    27545

    Downtown Raleigh, Raleigh, NC

    27601

    Garner, NC

    27529

    Cameron Village, Raleigh, NC

    27605

    Frequently Asked Questions