West Raleigh, Raleigh, NC—27607
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — West Raleigh, Raleigh, NC
As of Oct '25, the median home price in West Raleigh, Raleigh, NC is $700,000, with a year-over-year change of -0.3%. This indicates that home prices in West Raleigh, Raleigh, NC are flat. 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 | $700,000 | -0.3% |
| Single Family | $706,000 | -0.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $469,000 | -6.0% |
3 Bed | $601,000 | -1.3% |
4 Bed | $878,000 | -0.2% |
| 5 Bed | $1,410,000 | -0.8% |
% of Housing Stock
Rental Trends — West Raleigh, Raleigh, NC
As of July '25, Rentcast reports the average rent in West Raleigh, Raleigh, NC is $1,800, with a year-over-year rent change of -1.6%. Per bedroom, the median rent as of July '25 in West Raleigh, Raleigh, NC is studios: $1,400, 1-bedrooms: $1,530, 2-bedrooms: $1,860, 3-bedrooms: $2,280, 4-bedrooms: $3,480. The most common rental property sizes in West Raleigh, Raleigh, NC are 2-bedroom and 1-bedroom, accounting for 37.0% and 33.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,800 |
| Studio Rent | $1,400 | $1,400 |
| 1 Bed Rent | $1,510 | $1,530 |
| 2 Bed Rent | $1,820 | $1,860 |
| 3 Bed Rent | $2,270 | $2,280 |
| 4 Bed Rent | $2,750 | $3,480 |
% of Rental Stock
Property Listings — West Raleigh, Raleigh, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in West Raleigh, Raleigh, NC is 74. This is a increase of 6.0% 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.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,020,000 | -1.0% |
Listing Count | 94 | -7.0% |
| Listings as % of Homes | 0.5% | -7.0% |
Days on Market | 74 | 6.0% |
Demographics — West Raleigh, Raleigh, NC
As of the latest ACS Survey released in 2023, West Raleigh, Raleigh, NC has a population of 26,100, which has decreased by -11.8% over the past 5 years. West Raleigh, Raleigh, NC is a less popular place for families, as children make up 12.6% of the population. The area has a highly educated workforce, with 70.7% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 27.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,100 | -11.8% |
% Under 18 | 12.6% | -2.3% |
% Seniors | 8.5% | 0.0% |
% WFH | 27.3% | 217.4% |
% w/ College Degree | 70.7% | 4.9% |
As of the latest ACS Survey released in 2023, West Raleigh, Raleigh, NC is a predominantly white area, with 75.4% of the population identifying as white. The white population has shrunk by 1.6% in the last 5 years. The second most common race or ethnicity in West Raleigh, Raleigh, NC is black, making up 11.8% of the population. Foreign-born residents account for 8.0% of the population in West Raleigh, Raleigh, NC, and this percentage has decreased by 13.0% 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 | 75.4% | -1.6% |
% Black | 11.8% | 15.7% |
% Hispanic | 6.1% | 35.6% |
% Asian | 4.3% | -27.1% |
% Foreign Born | 8.0% | -13.0% |
Mortgage and Risk — West Raleigh, Raleigh, NC
According to HUD data as of 2023, there were 176 mortgage originations in West Raleigh, Raleigh, NC, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 7.0% above 90% LTV (normal). This implies small mortgage risk in West Raleigh, Raleigh, NC. Investor activity is low, as 3.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 176 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — West Raleigh, Raleigh, NC
As of 2024, the percent of homes in West Raleigh, Raleigh, NC under the Section 8 program is 1.1%. 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. 1-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in West Raleigh, Raleigh, NC, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 118 |
Total Units Section 8 | 54 |
% Rentals under Section 8 | 1.1% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $90 | $1,510 | $1,600 |
| 2 Bedroom | -$50 | $1,820 | $1,770 |
| 3 Bedroom | -$70 | $2,270 | $2,200 |
| 4 Bedroom | $220 | $2,750 | $2,970 |
Affordability — West Raleigh, Raleigh, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.8 |
| Median Home Price | $700,000 |
| Median Household Income | $95,200 |