Glenwood, Raleigh, NC—27612
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Glenwood, Raleigh, NC
As of Oct '25, the median home price in Glenwood, Raleigh, NC is $563,000, with a year-over-year change of -0.8%. This indicates that home prices in Glenwood, Raleigh, NC are flat. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $563,000 | -0.8% |
| Single Family | $582,000 | -0.7% |
| Condos | $264,000 | -5.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $305,000 | -5.3% |
3 Bed | $481,000 | -1.6% |
4 Bed | $733,000 | -0.9% |
| 5 Bed | $1,064,000 | -1.0% |
% of Housing Stock
Rental Trends — Glenwood, Raleigh, NC
As of July '25, Rentcast reports the average rent in Glenwood, Raleigh, NC is $1,670, with a year-over-year rent change of -4.0%. Per bedroom, the median rent as of July '25 in Glenwood, Raleigh, NC is studios: $1,310, 1-bedrooms: $1,390, 2-bedrooms: $1,740, 3-bedrooms: $2,400, 4-bedrooms: $3,420. The most common rental property sizes in Glenwood, Raleigh, NC are 2-bedroom and 1-bedroom, accounting for 38.5% and 36.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,570 | $1,670 |
| Studio Rent | $1,320 | $1,310 |
| 1 Bed Rent | $1,380 | $1,390 |
| 2 Bed Rent | $1,670 | $1,740 |
| 3 Bed Rent | $2,300 | $2,400 |
| 4 Bed Rent | $3,060 | $3,420 |
% of Rental Stock
Property Listings — Glenwood, Raleigh, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Glenwood, Raleigh, NC is 48. This is a increase of 10.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $504,000 | -16.0% |
Listing Count | 212 | 35.0% |
| Listings as % of Homes | 0.4% | 35.0% |
Days on Market | 48 | 10.0% |
Demographics — Glenwood, Raleigh, NC
As of the latest ACS Survey released in 2023, Glenwood, Raleigh, NC has a population of 40,500, which has increased by 4.5% over the past 5 years. Glenwood, Raleigh, NC is a moderately popular place for families, as children make up 17.8% of the population. The area has a highly educated workforce, with 65.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 40,500 | 4.5% |
% Under 18 | 17.8% | -3.3% |
% Seniors | 15.8% | 4.6% |
% WFH | 23.6% | 174.4% |
% w/ College Degree | 65.7% | 2.2% |
As of the latest ACS Survey released in 2023, Glenwood, Raleigh, NC is a predominantly white area, with 70.9% of the population identifying as white. The white population has shrunk by 5.8% in the last 5 years. The second most common race or ethnicity in Glenwood, Raleigh, NC is black, making up 13.1% of the population. Foreign-born residents account for 9.5% of the population in Glenwood, Raleigh, NC, and this percentage has decreased by 10.4% 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 | 70.9% | -5.8% |
% Black | 13.1% | 13.9% |
% Hispanic | 7.5% | -6.2% |
% Asian | 4.7% | 20.5% |
% Foreign Born | 9.5% | -10.4% |
Mortgage and Risk — Glenwood, Raleigh, NC
According to HUD data as of 2023, there were 564 mortgage originations in Glenwood, Raleigh, NC, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Glenwood, Raleigh, NC. Investor activity is low, as 1.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 564 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Glenwood, Raleigh, NC
As of 2024, the percent of homes in Glenwood, Raleigh, NC under the Section 8 program is 2.0%. 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 Glenwood, 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 | 181 |
Total Units Section 8 | 175 |
% Rentals under Section 8 | 2.0% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $440 | $1,380 | $1,820 |
| 2 Bedroom | $340 | $1,670 | $2,010 |
| 3 Bedroom | $200 | $2,300 | $2,500 |
| 4 Bedroom | $320 | $3,060 | $3,380 |
Affordability — Glenwood, Raleigh, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.5 |
| Median Home Price | $563,000 |
| Median Household Income | $95,600 |