7 Most Affordable Neighborhoods in Raleigh: Raleigh, NC Affordable Living Guide
Most Affordable Neighborhoods in Raleigh: Raleigh, NC Affordable Living Guide
Are you moving to Raleigh and are intersted in affordable living? Keep reading to learn more about the most affordable neighborhoods in Raleigh, NC.
Raleigh is a highly ranked and diverse city that has so many prime locations. Moving to Raleigh is a popular decision for families and retirees moving to North Carolina, and the city has exploded with growth recently and is only going to continue to grow. No matter the location of this city, it has so much to offer every resident.
Raleigh is a hub for various technology companies, academic institutions, and agriculture industries—regardless of career, Raleigh has it, mainly due to its booming economy. Depending on your taste and preferences, each and every neighborhood in Raleigh has something unique.
The City of Oaks offers growing, family-friendly communities with many safe and affordable options. The city's rich history and hot housing market make this a highly desirable location. From picturesque oak-lined streets to all the vibrant energy, Raleigh is a popular place for people to relocate to.
If you're looking for an affordable home or neighborhood to live in Raleigh, please reach out to a local real estate agent to help jumpstart the home-buying process and find you the perfect home.
Here are the most affordable neighborhoods in Raleigh, NC.
1. Mordecai
Mordecai is known for its charm and walkability of a neighborhood. This neighborhood is an excellent option for people who are searching to settle down in an affordable, friendly, tight-knit community. Just minutes outside the heart of downtown Raleigh, this area is home to some of the best shopping, restaurants, as well as top schools.
There are many things to do in and around Mordecai due to the neighborhood's central location. With the tour at the Mordecai Historic Park, the Oakwood Dog Park, and other highly ranked museums, cafes, and entertainment.
With over 180 pre-antebellum homes as well as renovated condos, this neighborhood is a prime location for convenience, tranquility, and affordable rent with urban nostalgia. The unique and historic charm this neighborhood offers is perfect for people moving to the city.
With a median purchasing price of about $287,626 and a median monthly rent of $806 monthly, this is a popular destination for students, singles, young professionals, and families to find a home. On the other hand, Mordecai is safer than 39% of Raleigh's neighbors.
So, if you are searching for an affordable option that is close in proximity to the heart of Raleigh but still is peaceful and safe, check out homes in Mordecai to find the pefect home for you.
2. Creedmoor
Creedmoor is a recognizable suburb of Raleigh with a median home price of $327,000. This great suburb is home to almost 4,700 residents who love the beautiful, affordable homes as well as the many local shops and restaurants nearby.
Known as a great area to raise a family; there is so much to do in the area, and it is just a few miles outside Raleigh. Creedmoor is quickly becoming one of the Triangle's most popular suburbs. It may be a small town, but it offers everything you do in such a close proximity.
One of the biggest perks to living here is you are just minutes from the famous Falls Lake. This recreational area covers over 5,000 acres and is perfect for those who love nature. Bring your boat out, go for a hike, watch the sunset, or enjoy the world around you.
Creedmoor may be small. However, it has so much to offer its residents and so much to do. If you are searching for a place to move to that is outside Raleigh but still close in proximity, check out Creedmoor.
3. Knightdale
Knightdale is a suburb of Raleigh with a population of about 18,000 residents and is one of the best places to live in North Carolina. The benefits of moving to Knightdale go far beyond the affordability, as well as the beautiful parks, top-rated returns, and many fun things to do.
With many beautiful new construction homes as well as townhomes and apartments, this area is home to some of the top-rated housing in the area. Just a couple minutes from downtown Raleigh, this is a perfect place for families and young professionals and has something for everyone.
Housing options vary throughout the area. From one-bedroom houses to larger homes with more secluded private areas, each one offers gorgeous, unique architectural styles. Homes in Knightdale range from $300K to upper $400K.
If you are searching for a quieter and more secluded area to live in but also want to be close to downtown Raleigh, moving to Knightdale may be the best option for you.
4. Rolesville
Rolesville may be perfect for you if you are looking for a home near Raleigh. This suburb of Raleigh is in the northeastern part of Wake County and is considered to be one of the fastest-growing towns in the state of North Carolina. Residents of Rolesville enjoy the small town and suburban feel of living.
Offering many affordable homes, this family-friendly environment is a perfect place for people who are raising a family or even young professionals. With all the amenities as well as the close proximity to Raleigh, this is a highly sought-after area to move to.
There are plenty of large homes with picturesque properties in Rolesville, making it a perfect place to call home. It is just a few minutes away from Downtown Raleigh, which offers many activities and attractions to explore.
Rolesville is known as one of the best places to relocate to. So, if you are considering moving to the Raleigh area, you should check out the real estate available in Rolesville to help with your decision-making process.
The housing market in Rolesville is considered to be competitive, while the median home price in Roelsville is about $535,233, which varies depending on the location you are at. With homes receiving multiple offers, this is a popular place to move to.
5. Wakefield
Wakefield is a dream location in North Raleigh that has a median home price of $317,000 and is best for people searching for suburbs. If you like living in a suburban neighborhood that has easy access to downtown Raleigh, Wakefield may be the place for you to look at.
Located just 30 minutes outside downtown, there are many highly ranked stores, facilities, and public schools, making this a popular place for people raising families. Wakefield is a tight-knit community that is near the heart of it all. With a unique experience throughout the community, this is a perfect place to relocate to.
If you are searching for a place that is highly affordable as well as is close to many things to do but is safe and family-friendly, Wakefield may be the perfect place for you.
6. Bryson Village
Bryson Village is one of the newest neighborhoods in Raleigh. With the median home price of $376,946 here, this is an excellent place for people who want to maximize their budgets. This D.R. Horton community offers fantastic homes and good-sized lots at reasonable prices.
Located near Interstate 540, Bryson Village allows easy access to many things in and around the Triangle area. This neighborhood is made up of single-family homes and townhomes, as well as some newly added homes. Each home offers many different floor plans with spacious rooms and modern features.
Just minutes away from downtown Raleigh, this neighborhood is close to many shops and dining options as well as the neighborhood features a gorgeous pond, community center, pool, playground, and many other things. Being close to other top-rated schools makes this a popular place for families.
If you are searching for a newer yet affordable place to live in that is outside Raleigh, Bryson Village may be the place for you to find your perfect forever home.
7. Stonehenge
Stonehenge is a great neighborhood that is located North of Raleigh and below Interstate 540. This community is home to some beautiful and affordable real estate. Varying from single-family homes to townhomes, you can choose from many different options. The median home price for Stonehenge is about $470,000, and this area is best for retirees.
From the easy access to Raleigh, this area also offers easy transportation around the Research Triangle area. There are a few retirement communities in and around this area, making it a popular place for older folks.
This residential community is perfect for families and has almost 1,400 single-family residences. The area is popular due to its proximity to many amenities, making it an ideal location for settling down.
The properties in Stonehenge have well-sized lots with mature and beautiful landscaping, and the neighborhood is close to many shopping and dining options, as well as other activities.
FAQS
Is Raleigh a safe place to live?
Raleigh ranks as one of the safest cities in the nation. Due to the low violent crime and property rates, this is a relatively safe place to live. Raleigh is 72% safer than other North Carolina cities. So, if you are looking for a place that is safe, Raleigh is an option.
What is the safest suburb of Raleigh?
The best and safest parts of Raleigh vary depending on the type of area you are searching to live in. Overall, North Raleigh, which has neighborhoods like North Hills, Wakefield, and Crossroads, tends to be the safest.
How much money do I need to make to live in Raleigh?
The median income in Raleigh is about $40,520, with the cost of living in Raleigh being below the national average. Generally, the number of people who can live comfortably in Raleigh varies depending on your family's size and location.
What is life like in Raleigh, NC?
Living in Raleigh, you will be living in one of the best cities in the South. It offers affordable living costs, local culture, and high education options. This is an ideal place for young professionals as well as families. This city is booming in many ways and is continuing to grow.
Most Affordable Neighborhoods in Raleigh - The Bottom Line
Finding a place that you love, as well as being affordable, is something most people look for. Thankfully, in Raleigh, there are so many different unique neighborhoods, suburbs, and nearby cities that all offer many different types of living, so anyone and everyone can find a place that fits all of their needs.
Raleigh is a highly diverse city that provides excellent living opportunities. The city has recently experienced significant growth and is expected to continue to grow. Every resident can find something to enjoy in Raleigh, regardless of their location. That's why moving to Raleigh is a popular decision for many.
No matter what your profession is, Raleigh offers something for everyone. Each neighborhood in Raleigh has its unique charm and character, catering to different tastes and preferences.
If you are considering moving, contact us or visit our website. Our team at Raleigh Realty is here to help you with any home buying or selling needs.
Ryan Fitzgerald
Hi there! Nice to 'meet' you and thanks for visiting our Raleigh Real Estate Blog! My name is Ryan Fitzgerald, and I'm a REALTOR® in Raleigh-Durham, NC, the owner of Raleigh Realty. I work alongside some of the best Realtors in Raleigh. You can find more of my real estate content on Forbes, Wall Street Journal, U.S. News and more. Realtor Magazine named me a top 30 under 30 Realtor in the country (it was a long time ago haha). Any way, that's enough about me. I'd love to learn more about you if you'd like to connect with me on Facebook and Instagram or connect with our team at Raleigh Realty. Looking forward to connecting!
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