Northwest Raleigh Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$249,400

  • 2.8% 1-year change
  • 2.5% 1-year forecast

The median home value in Northwest Raleigh is $249,400. Northwest Raleigh home values have gone up 2.8% over the past year and Zillow predicts they will rise 2.5% within the next year. The median rent price in Northwest Raleigh is $1,450, which is higher than the Raleigh median of $1,275.

Foreclosures will be a factor impacting home values in the next several years. In Northwest Raleigh 1.7 homes are foreclosed (per 10,000). This is lower than the Raleigh value of 3.0 and also lower than the national value of 3.6

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Relative ZHVI
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Northwest Raleigh Market Overview

Data through Jul 31, 2015
  • $249,400 ZHVI
  • 2.5% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Jul 31, 2016)
  • No data Median listing price
  • $235,625 Median sale price
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Northwest Raleigh Market Health

Data through Jul 31, 2015
  • 5.7/10 Healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • No data Homes with negative equity (15.4% US Avg)
  • No data Delinquent on mortgage (6.0% US Avg)

Homes foreclosed (per 10,000)

2 Northwest Raleigh
3 Raleigh
4 United States
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Nearby Neighborhoods

Name Median ZHVI
Glenwood $524,800
Wade $384,600
Five Points $326,300
Name Median ZHVI
Six Forks $316,300
Mordecai $257,700
Falls of Neuse $240,300
Name Median ZHVI
North Raleigh $229,900
Hillsborough $213,600
West Raleigh $143,600

Listings & Sales

Data through Jul 31, 2015
  • No recent data Median list price / sq ft
  • $128 Median sale price / sq ft
  • No data Listings with price cut
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Northwest Raleigh Rentals

Data through Jul 31, 2015
  • Zillow Rent Index

  • $1,536 Northwest Raleigh
    $1,343 Raleigh
    $1,376 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Mar 31, 2015)
  • $1,450 Rent list price
  • $0.85 Rent list price / sq ft
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