Chicago · Registered nurse · $98,500 · One adult, renting a 1-bedroomSaved on this device

Chicago · Registered nurse · $98,500 · One adult, renting a 1-bedroom

Raleigh, NC

Housing in Raleigh, NC: Rent, Home Prices & Property Tax

$1,252/mo (1 bd) in Raleigh. Median home $381,000. Property tax 0.83%.

Compare vs Chicago Rank metros from RaleighHow we figure this

Rent (1 bd): $1,252; /mo
Buy: $2,539; Mortgage, tax, insurance
Buying costs more: $1,287; /mo

State tax and rent

To buy

20% down payment$76,200
Mortgage at 6.5%$1,927
Property tax (0.83% of value)$264/mo · $3,162/yr
Insurance and upkeep$349
Monthly total$2,539

45.2% of renters spend 30% or more of income on rent. Census ACS 2023.

Months to 20% down

$2,751 left each month. About 28 months (2.3 years) to save $76,200.

Asking rent. Census median home price. 30-year fixed, 6.5%, 20% down. Not lending advice.

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