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Raleigh, North Carolina

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Data-driven estimates for Raleigh — with the methodology behind every number.

Raleigh market snapshot

Median Sale Price
$575K
Median Days on Market
61 days
Active Listings
120

RentCast market data · Wake County County, North Carolina

About Raleigh, North Carolina

Raleigh ( RAH-lee) is the capital city of the U.S. state of North Carolina. It is the second-most populous city in the state (after Charlotte), tenth most populous city in the Southeast, the largest city in the Research Triangle area, and the 39th-most populous city in the U.S. Known as the "City of Oaks" for its oak-lined streets, Raleigh covers 148.54 square miles (384.7 km2) and had a population of 467,665 at the 2020 census. It is the county seat of Wake County and is named after Sir Walter Raleigh, who founded the lost Roanoke Colony.

Raleigh is home to North Carolina State University and is part of the Research Triangle, which includes Durham (home to Duke University and North Carolina Central University) and Chapel Hill (home to the University of North Carolina at Chapel Hill). The Research Triangle area, centered around Research Triangle Park, has a population of over 2.37 million people. The Raleigh–Cary metropolitan statistical area alone has an estimated population of 1.51 million. Raleigh lies primarily in Wake County, with a small portion of the city extending into Durham County. Nearby suburbs include Apex, Cary, Clayton, Fuquay-Varina, Garner, Holly Springs, Knightdale, Morrisville, Rolesville, Wake Forest, Wendell, and Zebulon.

Raleigh is an early example in the United States of a planned city. Following the American Revolutionary War when the U.S. gained independence, the area was chosen as the site of the state capital in 1788 and incorporated in 1792 as such. The city was originally laid out in a grid pattern with the North Carolina State Capitol at the center, in Union Square. During the American Civil War, the city was spared from any significant battle. It fell to the Union in the closing days of the war and struggled with the economic hardships in the postwar period, related to the reconstitution of labor markets, over-reliance on agriculture, and the social unrest of the Reconstruction Era. The establishment of the Research Triangle Park in 1959 helped create thousands of jobs in the fields of science and technology.

Raleigh by the numbers

Population 470,763 · Median age 34.7 yrs · Census ACS 2023

Median household income

Raleigh's median household income of $82,424 compares to $69,904 statewide and $78,538 nationally, per Census ACS 2023 5-year estimates.

Median age (years)

The median age in Raleigh is 34.7 yrs, compared to 39.1 yrs for North Carolina and 38.7 yrs nationally.

Gender split

Raleigh is 48.5% male and 51.5% female, per Census ACS estimates.

Population trend — Raleigh

Raleigh's population grew 1.4% from 2019 to 2023, per Census ACS 5-year estimates.

Source: U.S. Census Bureau, American Community Survey 2023 5-year estimates.

North Carolina government

Source: Congress.gov, Wikidata. Federal legislators represent North Carolina statewide or by congressional district.

Raleigh economy

Raleigh's industrial base includes financial services, electrical, medical, electronic and telecommunications equipment, clothing and apparel, food processing, paper products, and pharmaceuticals. Raleigh is part of North Carolina's Research Triangle, one of the country's largest and most successful research parks, and a major center in the United States for high-tech and biotech research, as well as advanced textile development. The city is a major retail shipping point for eastern North Carolina and a wholesale distributing point for the grocery industry. The healthcare and pharmaceutical industry has experienced major growth in recent years with many companies based in Raleigh including PRA Health Sciences, Chiesi USA (subsidiary of Chiesi Farmaceutici), formerly Mallinckrodt prior to tax inversion to Ireland, MAKO Surgical Corp., Metabolon, Inc., TearScience, and American Board of Anesthesiology. Companies based in Raleigh include Advance Auto Parts, Bandwidth, Building Materials Holding Corporation, Capitol Broadcasting Company, First Citizens BancShares, Golden Corral, Japan Tobacco International, Martin Marietta Materials, PRA Health Sciences, Red Hat, Vontier, Waste Industries, and Lulu.

Source: Wikipedia article on Raleigh under CC BY-SA 4.0.

Climate in Raleigh

Monthly climate — Raleigh

Source: NOAA Climate Data Online, 1991–2020 climate normals, station GHCND:USC00310212.

Average annual rainfall: 0.5 inches across 0 days per year.

Raleigh real estate — frequently asked questions

What is the median home price in Raleigh?
The median home sale price in Raleigh, NC is $575,000, based on the most recent available sales data.
How long do homes stay on the market in Raleigh?
Homes in Raleigh sell in a median of 61 days.
What is the cost of living like in Raleigh?
Raleigh has a median household income of $82,424, per U.S. Census Bureau ACS estimates.
Who lives in Raleigh?
Raleigh has a population of 470,763 with a median age of 34.7 years, per U.S. Census Bureau ACS estimates.
How do I sell my home in Raleigh?
Start with a free, no-obligation home value estimate. Enter your address above and we'll connect you with a licensed local real-estate professional familiar with the Raleigh market within 24 hours.

How it works

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ForSaleAmerica.com is an online marketplace and is not a real estate brokerage in North Carolina. Property valuations shown are automated estimates based on public data and are not appraisals, comparative market analyses, or guarantees of sale price. We connect homeowners with top local agents and partners — we do not represent buyers or sellers.