How Long to Save for a Home in Raleigh, NC
Median home price, average rent, and a personalized savings timeline for Raleigh — updated 2026-Q1.
Median Home Price
$420,000
Average Rent
$1,650/mo
Median Income
$78,000/yr
5yr Price Growth
+30%
Calculate for Raleigh
Invest this % of your rent ($1,650/mo)
Down payment
Down Payment Scenarios in Raleigh
| Scenario | Down Payment | With Bricks | Savings Acct |
|---|---|---|---|
| 3.5% FHA | $14,700 | 5.9 years | 6.6 years |
| 10% Down | $42,000 | 12.5 years | 15.4 years |
| 20% Down | $84,000 | 18.6 years | 24.9 years |
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Buying a Home in Raleigh, North Carolina
Raleigh is one of the South's growing metro areas with a population of 480,000. The median home price of $420,000 is near the national average.
With average rent at $1,650/month, a renter in Raleigh investing 10% of their rent ($165/month) into diversified REITs could accumulate a 20% down payment of $84,000 in approximately 18.6 years. The same monthly contribution in a high-yield savings account would take about 24.9 years.
Home prices in Raleigh have grown 30% over the past five years, outpacing the national average. For renters, this means the down payment target continues to move — making it even more important to invest rather than just save, so your money grows alongside home prices.