Compare Raleigh, NC mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Raleigh.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Raleigh. Plus, shopping lenders is free and there is no obligation.
August 28, 2025
Below we provide helpful information on the real estate market, home prices and housing affordability in Raleigh. Understand how much you need to earn to afford a home in Raleigh, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Raleigh fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Raleigh is right for you.
The median home value for Raleigh, NC (Wake County) is $447,315
Based on current mortgage rates and a 10% down payment, you need to make $93,317 per year to buy the median priced home in Raleigh
With this income, you could qualify for a $402,584 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Raleigh is $2,161
The median household income for Raleigh, NC (Wake County) is $92,632
Based on this income, you can afford a home valued at approximately $444,031
The home price you can afford to buy based on household income in Raleigh is 99% of the median home value which means housing prices are expensive. Raleigh (Wake County) ranks 84 out of 100 counties in North Carolina and 2,816 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Raleigh, NC is expensive
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Raleigh (Wake County) below.
Conforming loan limits for Raleigh, NC
FHA loan limits for Raleigh, NC