The typical Raleigh home was worth $428,671 in August 2026, Zillow says, down 1.7% in a year and 4.9% below the 2022 peak. ZIP code and neighbor figures.
Last checked Oct. 11, 2026. Refreshed monthly when Zillow and the Federal Housing Finance Agency publish new numbers. Figures here are Zillow’s August 2026 release and FHFA’s second quarter 2026 index.
The typical home in Raleigh was worth $428,671 in August 2026, according to the Zillow Home Value Index for the city. That is down 1.7% from a year earlier, and about $22,000 below the peak of $450,542 in July 2022. Over five years values are still up 17.5%, and over 10 years they have climbed about 75%.
What this means for you
- Buyers have a little more room than in 2022: values are slipping, not soaring.
- Sellers who bought before 2021 are still well ahead.
- Your tax value changes Jan. 1, 2027, when Wake County’s revaluation takes effect. Questions: 919-857-3800. See our property taxes guide.
The trend
| August | Typical value | Change from a year earlier |
|---|---|---|
| 2020 | $305,595 | |
| 2021 | $364,785 | +19.4% |
| 2022 | $450,184 | +23.4% |
| 2023 | $440,980 | -2.0% |
| 2024 | $448,571 | +1.7% |
| 2025 | $436,286 | -2.7% |
| 2026 | $428,671 | -1.7% |
The Zillow index is a smoothed, seasonally adjusted estimate for homes in the middle third of the market. It is not the median sale price.
The wider Raleigh area
The FHFA House Price Index, which tracks repeat sales of the same homes, tells a slightly different story for the Raleigh-Cary metro area: up 1.1% from the second quarter of 2025 to the second quarter of 2026, and up 45% over five years. The FHFA index covers the whole metro area and only homes with Fannie Mae or Freddie Mac mortgages, so it moves differently from the city figure.
Raleigh ZIP codes
Zillow’s August 2026 typical values for ZIP codes with at least 10% of their land in the city:
| ZIP code | Typical value | 1 year | 5 years |
|---|---|---|---|
| 27608 | $1,046,124 | +2.6% | +33.4% |
| 27607 | $717,268 | +1.0% | +27.6% |
| 27614 | $678,013 | +0.2% | +30.8% |
| 27613 | $590,740 | +0.4% | +26.9% |
| 27612 | $572,805 | +1.3% | +26.0% |
| 27609 | $552,819 | +1.8% | +26.2% |
| 27615 | $540,327 | +0.2% | +25.3% |
| 27601 | $497,314 | -2.0% | +12.2% |
| 27606 | $437,368 | -1.4% | +16.6% |
| 27617 | $434,865 | -3.1% | +15.7% |
| 27603 | $410,844 | -2.1% | +17.1% |
| 27605 | $404,217 | -2.9% | +1.6% |
| 27616 | $350,666 | -3.4% | +11.9% |
| 27604 | $337,619 | -2.8% | +15.1% |
| 27610 | $313,331 | -2.5% | +15.9% |
The seven highest-value ZIP codes held their value or rose this year. The lower-value ZIP codes, the most affordable in the city, fell the most. Some ZIP codes reach outside the city limits.
Raleigh and its neighbors
| Place | Typical value, August 2026 | 1 year |
|---|---|---|
| Cary | $619,636 | -1.4% |
| Wake Forest | $507,240 | -1.0% |
| Rolesville | $493,311 | -1.2% |
| Wake County | $474,337 | -1.7% |
| Morrisville | $470,563 | -4.8% |
| Raleigh | $428,671 | -1.7% |
| Garner | $380,170 | -1.8% |
| Knightdale | $363,989 | -1.9% |
Every town in the table slipped over the year, the same pattern as Raleigh.
Where to look up a single house
- Recent sales near you: our weekly real estate transfers column, from Wake County deed records.
- Any property’s tax value and sale history: Wake County’s real estate search.
- The county’s own sales data: Wake County Tax Administration’s data files and reports.
The U.S. Census Bureau’s 2023 American Community Survey five-year estimates put the median value of owner-occupied homes in Raleigh at $377,800. That survey asks owners what their homes are worth, so it trails market figures.
Area by area, with ZIP codes, zoned schools and home values: our Raleigh neighborhoods guide.
Frequently asked questions
What is the average home price in Raleigh, NC?
Zillow’s Home Value Index puts the typical Raleigh home at $428,671 in August 2026. That is a modeled value for the middle third of homes, not an average sale price.
Are home prices going down in Raleigh?
Slightly. The typical value fell 1.7% from August 2025 to August 2026 and is about 4.9% below its July 2022 peak of $450,542. Over five years it is still up 17.5%.
Which Raleigh ZIP code has the highest home values?
Among Raleigh ZIP codes, 27608 has the highest typical value, $1,046,124 in August 2026, followed by 27607 at $717,268.
Is Raleigh cheaper than Cary?
Yes. Raleigh’s typical value of $428,671 is well below Cary’s $619,636 and Wake County’s $474,337, but above Garner and Knightdale, according to Zillow.
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