Housing
Raleigh at a Glance
While working and playing in Raleigh is the ultimate, living in Raleigh is what sets this place apart from all others. Whatever the taste – center city condo, penthouse, warehouse; a bungalow nestled in the dense and eclectic mix of established, walk able neighborhoods; the comfort of the suburban; the privacy of the rolling terrain of the exurban – Raleigh offers it all with the most extensive municipal services at the lowest tax rate of any major North Carolina city, and terrific public and private schools to boot. And housing is affordable in Raleigh with the median home sale price being just over $296,000 and the median contract rent at $734 per month. The mix of housing opportunities also is accommodating with 51.6 percent of the housing stock owner-occupied and 48.4 percent renter-occupied. With Raleigh’s “best of” and ultra-cool reputation, it may be somewhat surprising how affordable it really is overall. The latest cost of living index composite gave Raleigh a 99.1 rating. (The national cost of living average is 100.)
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