Raleigh FHA Loan Rates, Closing Costs & Stats

RALEIGH-CARY, NC

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Loan Limits
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

    FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

    While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

    For additional requirements as defined by the FHA, click here.

    Raleigh's 206 lenders originated 3,667 FHA loans during 2024. The total origination value was $1,255,105,000, with an average FHA loan value of $342,270.

    Raleigh FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Raleigh averaged 0.09% for the week of 2025-07-04, compared to the national average (all FHA variants) of 0% for the same period.

    Raleigh's average FHA mortgage closing costs are $9,197.

    The average rate for the prior week (2025-06-27) was 6.28% and one month ago for the week of 2025-05-30, the average rate was 6.45%.

    The average rate one year ago was 6.57%.

    For refis of the same type during the week of 2025-07-04, the average rate was -0.18%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Raleigh FHA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Raleigh level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    QUICKEN LOANS, LLC 270 6.17% $13,297
    NVR Mortgage Finance, Inc. 206 5.99% $13,655
    UNITED WHOLESALE MORTGAGE, LLC 200 6.04% $13,701
    DHI MORTGAGE COMPANY, LTD. 121 4.85% $9,047
    LOANDEPOT.COM, LLC 112 5.60% $13,502
    VELOCIO MORTGAGE L.L.C. 111 4.87% $9,047
    MOVEMENT MORTGAGE, LLC 111 6.31% $13,488
    FREEDOM MORTGAGE CORPORATION 104 6.36% $14,641
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 100 6.61% $11,163
    EAGLE HOME MORTGAGE, LLC 97 5.65% $8,300
    VANDERBILT MORTGAGE AND FINANCE, INC. 79 5.57% $17,119
    American Security Mortgage Corp. 77 6.25% $11,990
    CROSSCOUNTRY MORTGAGE, LLC 68 6.50% $13,095
    CORNERSTONE HOME LENDING, INC. 66 6.38% $14,932
    PENNYMAC LOAN SERVICES, LLC 66 6.09% $12,132
    NFM, INC. 65 6.38% $13,737
    BROKER SOLUTIONS, INC. 51 6.48% $12,809
    KBHS HOME LOANS, LLC 49 5.50% $11,334
    PULTE MORTGAGE LLC 47 5.32% $8,540
    ZILLOW HOME LOANS, LLC 42 6.11% $13,271
    Truist 41 6.19% $12,324
    FIRST HOME MORTGAGE CORPORATION 40 6.49% $12,663
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 39 6.45% $12,675
    NEWREZ LLC 37 6.30% $12,281
    Mr. Cooper ( Nationstar Mortgage ) 32 6.43% $15,062
    North State Bank 32 6.20% $10,837
    Towne Bank 27 5.79% $13,885
    First-Citizens Bank & Trust Company 27 5.41% $11,327
    SeaTrust Mortgage Company 24 6.41% $11,662
    INTERCOASTAL MORTGAGE COMPANY 24 6.70% $9,359
    GUILD MORTGAGE COMPANY 23 6.37% $12,991
    Alcova Mortgage LLC 23 6.41% $10,056
    GoPrime Mortgage, Inc. 23 6.72% $12,635
    FBC MORTGAGE, LLC 23 5.59% $11,387
    Lakeview Community Capital, LLC 22 6.26% $8,999
    GUARANTEED RATE, INC. 22 6.37% $13,152
    LAKEVIEW LOAN SERVICING, LLC 22 6.28% $9,526
    JET HOMELOANS, LLC 22 5.54% $11,036
    Carrington Mortgage Services, LLC 21 6.37% $12,146
    Towne Mortgage of the Carolinas, LLC 21 6.36% $12,717
    First Heritage Mortgage, LLC 21 6.12% $12,890
    United Community Bank 21 6.42% $10,150
    VILLAGE CAPITAL MORTGAGE 21 6.53% $8,151
    SUMMIT FUNDING, INC. 20 6.42% $12,364
    CMG MORTGAGE, INC. 20 6.26% $12,583
    Prosperity Home Mortgage, LLC 18 6.33% $12,585
    CARDINAL FINANCIAL 17 6.27% $11,375
    UNION HOME MORTGAGE CORP. 17 6.28% $13,342
    AMERISAVE MORTGAGE CORPORATION 17 6.01% $15,038
    RELIANCE FIRST CAPITAL, LLC 17 6.54% $14,217
    LOANPAL, LLC 16 5.85% $12,895
    PRIMARY RESIDENTIAL MORTGAGE, INC. 16 6.41% $14,685
    Flagstar Bank, FSB 16 5.98% $13,071
    MUTUAL OF OMAHA MORTGAGE, INC. 16 6.56% $16,689
    MATTAMY HOME FUNDING, LLC 16 5.69% $10,153
    PRIMELENDING, A PLAINSCAPITAL COMPANY 14 5.28% $10,489
    AmeriHome Mortgage Company, LLC 13 6.60% $9,326
    South Pacific Financial Corporation 11 5.52% $8,255
    MILEND, INC. 11 6.43% $19,675
    CITY FIRST MORTGAGE SERVICES, L.L.C. 11 6.25% $13,803
    Corporate Investors Mortgage Group, Inc. 11 6.14% $12,864
    T2 FINANCIAL LLC 11 6.67% $11,380
    DELMAR FINANCIAL COMPANY 10 6.38% $11,246
    M/I FINANCIAL, LLC 9 5.51% $19,013
    Equity Prime Mortgage LLC 9 6.50% $12,552
    The Federal Savings Bank 9 6.82% $10,237
    HOMESIDE FINANCIAL, LLC 9 6.11% $13,228
    AMERICAN FINANCIAL NETWORK, INC. 8 7.03% $17,245
    PLAZA HOME MORTGAGE, INC. 8 6.23% $12,429
    Blue Ridge Bank 8 6.63% $11,571
    EQUITY RESOURCES, INC. 7 6.68% $10,676
    SUN WEST MORTGAGE COMPANY, INC. 7 6.20% $16,499
    City Lending Inc. 7 6.82% $14,069
    V.I.P. MORTGAGE, INC. 7 6.54% $10,251
    Northpointe Bank 7 6.20% $9,995
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 6 5.89% $13,962
    NBKC BANK 6 6.25% $8,844
    BAYSHORE MORTGAGE FUNDING, LLC 6 6.73% $12,039
    Wells Fargo Bank 6 5.81% $17,307
    UNIVERSITY Federal Credit Union 6 6.02% $13,615
    Century Mortgage Company DBA Century Lending Company 6 6.50% $14,196
    The Central Trust Bank 6 6.52% $10,769
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 6 5.95% $12,425
    AMERICAN FINANCING CORPORATION 6 5.52% $15,271
    MORTGAGE SOLUTIONS OF COLORADO, LLC 6 6.69% $17,229
    HOMESPIRE MORTGAGE CORPORATION 6 6.71% $18,441
    PENTAGON FEDERAL CREDIT UNION 5 6.08% $14,068
    Plains Commerce Bank 5 6.08% $12,137
    Bank of America 5 6.18% $13,371
    ALLIED MORTGAGE GROUP, INC. 5 6.10% $10,814
    Fifth Third Bank 5 6.67% $9,043
    MID AMERICA MORTGAGE, INC. 5 6.85% $8,025
    EMM LOANS LLC 5 6.04% $14,859
    BAY EQUITY LLC 5 6.22% $12,346
    SFMC, LP 5 6.80% $17,190
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 4 6.31% $11,813
    Encompass Lending Group, LP 4 6.53% $12,390
    ABSOLUTE HOME MORTGAGE CORPORATION 4 7.06% $19,441
    HOMEBRIDGE FINANCIAL SERVICES, INC. 4 6.06% $11,387
    Integrity Home Mortgage Corp 4 6.59% $10,567
    LAND HOME FINANCIAL SERVICES, INC. 4 7.50% $17,056
    Mortgage Research Center, LLC 4 6.59% $8,743
    Nations Lending Corporation 4 6.09% $14,447
    OCMBC, INC. 4 6.72% $16,048
    Paramount Residential Mortgage Group, Inc. 4 6.34% $17,101
    PLANET HOME LENDING, LLC 4 6.63% $17,231
    SOUTHERN TRUST MORTGAGE, LLC 4 6.38% $13,138
    The Loan Store, Inc. 4 6.34% $11,176
    FIRST COMMUNITY MORTGAGE, INC. 3 6.58% $18,181
    CHURCHILL MORTGAGE CORPORATION 3 6.67% $15,311
    Strong Home Mortgage, LLC 3 5.96% $11,071
    CAPITAL CENTER, L.L.C. 3 6.13% $7,848
    BETTER MORTGAGE CORPORATION 3 6.17% $9,882
    ACOPIA, LLC 3 6.54% $16,252
    AMERICAN FINANCIAL RESOURCES, INC. 3 6.38% $11,990
    Franklin Loan Corporation 3 5.83% $17,406
    MICHIGAN MUTUAL, INC. 3 5.75% $12,617
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 6.46% $10,088
    VERITAS FUNDING, LLC 3 6.54% $18,726
    American Mortgage & Equity Consultants, Inc. 3 6.83% $15,287
    PNC Bank 3 6.71% $12,450
    JMAC LENDING, INC. 2 6.44% $18,034
    OPEN MORTGAGE, LLC 2 7.25% $14,886
    FIRST ALLIANCE HOME MORTGAGE, LLC 2 5.38% $15,740
    PANORAMA MORTGAGE GROUP, LLC 2 7.25% $9,781
    Cornerstone First Mortgage, Inc 2 5.88% $16,669
    NATIONWIDE MORTGAGE BANKERS, INC. 2 6.69% $11,883
    TOWNE MORTGAGE COMPANY 2 5.63% $9,459
    BECKAM FUNDING CORP. 2 7.75% $17,550
    Loan Simple, Inc. 2 7.00% $14,752
    Performance Financial, Inc. 2 6.81% $12,549
    RESIDENTIAL BANCORP 2 6.19% $11,799
    FIRST EQUITY MORTGAGE INCORPORATED 2 5.50% $12,230
    SIRVA MORTGAGE, INC. 2 6.69% $8,012
    FIRST COLONY MORTGAGE CORPORATION 2 6.38% $8,042
    PHH Mortgage Corporation 2 6.24% $13,110
    STOCKTON MORTGAGE CORPORATION 2 6.69% $12,247
    Ameris Bank 2 6.13% $15,674
    SUCCESS MORTGAGE PARTNERS, INC. 2 7.00% $13,351
    U.S. Bank 2 6.06% $14,534
    Presidential Bank, FSB 2 6.69% $13,464
    Victorian Finance, LLC 2 6.69% $11,630
    CALCON MUTUAL MORTGAGE LLC 2 6.25% $20,342
    HOWARD HANNA FINANCIAL SERVICES, INC. 2 6.00% $12,670
    ENVOY MORTGAGE, LTD 2 6.94% $14,077
    S1L, Inc. 1 5.99% $7,388
    SECURITYNATIONAL MORTGAGE COMPANY 1 6.63% $9,728
    SENTE MORTGAGE, INC. 1 6.63% $21,684
    CLIFFCO, INC. 1 7.25% $12,132
    MASON MCDUFFIE MORTGAGE CORPORATION 1 6.25% $11,491
    Advisors Mortgage Group, L.L.C. 1 6.13% $20,762
    CANOPY MORTGAGE, LLC 1 5.88% $21,292
    SWBC MORTGAGE CORPORATION 1 6.50% $6,044
    BOND STREET MORTGAGE, LLC 1 6.25% $12,462
    THE EQUITABLE MORTGAGE CORPORATION 1 6.25% $12,558
    The Freedom Bank of Virginia 1 6.25% $9,787
    TIDEWATER MORTGAGE SERVICES, INC. 1 5.75% $17,457
    TOP FLITE FINANCIAL, INC. 1 6.88% $14,965
    Bethpage Federal Credit Union 1 6.88% $3,498
    Atlantic Union Bank 1 6.13% $9,687
    Trustmark National Bank 1 6.50% $11,301
    Atlantic Coast Mortgage, LLC 1 6.63% $18,411
    AmRes Corporation 1 6.13% $11,091
    US MORTGAGE CORPORATION 1 5.50% $33,837
    LADERA LENDING, INC. 1 5.75% $15,772
    Keystone Funding, Inc. 1 6.25% $17,650
    JPMorgan Chase Bank 1 6.25% $8,809
    LEGEND LENDING CORPORATION 1 6.63% $20,174
    JAMS-01, INC. 1 5.63% $11,740
    Sierra Pacific Mortgage Company, Inc. 1 6.25% $20,199
    INTERCAP LENDING INC. 1 5.63% $17,030
    Mid-Continent Funding, Inc. 1 6.75% $11,466
    HOMESTEAD FUNDING CORP. 1 6.50% $9,570
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 6.63% $14,122
    MORIA DEVELOPMENT, INC. 1 6.75% $10,293
    MORTGAGE ACCESS CORP. 1 5.50% $12,304
    Mortgage Assurance Inc. 1 6.13% $9,948
    Home Mortgage Alliance Corp 1 6.75% $21,227
    GSF Mortgage Corporation 1 5.49% $12,080
    GENEVA FINANCIAL, LLC 1 7.25% $16,878
    NATIONS DIRECT MORTGAGE, LLC 1 7.25% $16,426
    FIRST SAVINGS MORTGAGE CORPORATION 1 6.63% $8,083
    NETWORK CAPITAL FUNDING CORPORATION 1 6.13% $6,737
    NEW DAY FINANCIAL, LLC 1 7.74% $3,509
    First National Bank of Pennsylvania 1 6.13% $12,361
    First Federal Bank 1 6.63% $8,260
    NJ LENDERS CORP. 1 6.13% $12,995
    ON Q FINANCIAL, INC. 1 6.25% $17,699
    AMERICAN FEDERAL MORTGAGE CORPORATION 1 6.13% $8,157
    FirstBank 1 6.50% $11,802
    First Bank 1 6.13% $7,976
    Pinnacle Bank 1 6.50% $12,941
    ALLIANT CREDIT UNION 1 6.63% $11,383
    FIDELITY DIRECT MORTGAGE, LLC 1 7.13% $17,290
    POLARIS HOME FUNDING CORP. 1 5.75% $15,482
    PREMIA MORTGAGE, LLC 1 6.25% $7,460
    EVERETT FINANCIAL, INC. 1 7.13% $9,447
    EVANSVILLE TEACHERS 1 6.75% $13,374
    EMBRACE HOME LOANS, INC. 1 6.75% $10,243
    DIRECT MORTGAGE LOANS, LLC 1 5.50% $12,360
    RANLIFE, INC. 1 5.99% $8,063
    RAPID MORTGAGE COMPANY 1 6.75% $13,206
    DATA MORTGAGE, INC. 1 6.75% $11,047
    Residential Acceptance Corporation 1 7.50% $10,069
    Residential Mortgage Solutions, Inc. 1 6.00% $7,695
    RESOURCE FINANCIAL SERVICES, INC. 1 6.75% $11,042

    The top Raleigh FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 270 FHA loans originated. Their average total fees are $13,297, which is $358 lower than the next largest lender, NVR Mortgage Finance, Inc..

    The lowest fee Raleigh FHA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE ($8,151), South Pacific Financial Corporation ($8,255), EAGLE HOME MORTGAGE, LLC ($8,300), PULTE MORTGAGE LLC ($8,540) and Lakeview Community Capital, LLC ($8,999).

    The lowest rate Raleigh FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (4.85%), VELOCIO MORTGAGE L.L.C. (4.87%), PRIMELENDING, A PLAINSCAPITAL COMPANY (5.28%), PULTE MORTGAGE LLC (5.32%) and First-Citizens Bank & Trust Company (5.41%).

    Raleigh FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    RALEIGH-CARY, NC FRANKLIN 2022 $420,680 $538,650 $651,050 $809,150
    RALEIGH-CARY, NC JOHNSTON 2022 $420,680 $538,650 $651,050 $809,150
    RALEIGH-CARY, NC WAKE 2022 $420,680 $538,650 $651,050 $809,150
    RALEIGH-CARY, NC FRANKLIN 2023 $502,550 $643,350 $777,650 $966,450
    RALEIGH-CARY, NC JOHNSTON 2023 $502,550 $643,350 $777,650 $966,450
    RALEIGH-CARY, NC WAKE 2023 $502,550 $643,350 $777,650 $966,450

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Raleigh (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $350,639 (2.6%) $423,172 (3.3%) 1.30 4,013
    2018-02-01 $358,750 (3.3%) $427,364 (3.2%) 1.30 4,042
    2018-03-01 $368,454 (2.4%) $439,032 (2.7%) 1.29 4,254
    2018-04-01 $370,344 (0.4%) $440,454 (0.3%) 1.26 4,533
    2018-05-01 $369,945 (0.0%) $441,440 (-0.1%) 1.24 4,866
    2018-06-01 $369,000 (0.8%) $444,668 (1.8%) 1.23 4,953
    2018-07-01 $369,400 (0.9%) $447,943 (2.9%) 1.23 4,856
    2018-08-01 $369,214 (1.5%) $447,025 (3.4%) 1.24 4,946
    2018-09-01 $365,770 (0.7%) $442,064 (2.4%) 1.23 5,077
    2018-10-01 $357,771 (-0.6%) $431,461 (0.8%) 1.21 5,328
    2018-11-01 $354,950 (-1.3%) $429,709 (0.8%) 1.20 5,200
    2018-12-01 $353,815 (-0.6%) $426,176 (-0.1%) 1.22 4,951
    2019-01-01 $349,995 (-0.2%) $423,418 (0.1%) 1.21 4,666
    2019-02-01 $354,748 (-1.1%) $429,785 (0.6%) 1.20 4,626
    2019-03-01 $363,800 (-1.3%) $439,443 (0.1%) 1.19 4,640
    2019-04-01 $369,794 (-0.2%) $449,111 (2.0%) 1.17 4,762
    2019-05-01 $375,000 (1.4%) $455,636 (3.2%) 1.17 4,861
    2019-06-01 $376,250 (2.0%) $453,080 (1.9%) 1.18 4,963
    2019-07-01 $375,000 (1.5%) $451,761 (0.9%) 1.17 5,039
    2019-08-01 $371,969 (0.8%) $447,847 (0.2%) 1.18 5,120
    2019-09-01 $367,993 (0.6%) $444,312 (0.5%) 1.18 5,185
    2019-10-01 $364,645 (1.9%) $441,629 (2.4%) 1.18 5,229
    2019-11-01 $359,450 (1.3%) $439,881 (2.4%) 1.18 5,031
    2019-12-01 $359,950 (1.7%) $442,171 (3.8%) 1.20 4,565
    2020-01-01 $358,914 (2.6%) $442,183 (4.4%) 1.20 4,251
    2020-02-01 $364,500 (2.8%) $449,961 (4.7%) 1.19 4,146
    2020-03-01 $373,712 (2.7%) $461,132 (4.9%) 1.17 4,060
    2020-04-01 $364,445 (-1.5%) $451,353 (0.5%) 1.14 4,325
    2020-05-01 $370,900 (-1.1%) $465,358 (2.1%) 1.13 4,221
    2020-06-01 $381,248 (1.3%) $485,504 (7.2%) 1.12 3,602
    2020-07-01 $381,200 (1.7%) $486,439 (7.7%) 1.10 3,349
    2020-08-01 $385,000 (3.5%) $487,045 (8.8%) 1.10 3,225
    2020-09-01 $389,684 (5.9%) $493,964 (11.2%) 1.12 2,931
    2020-10-01 $389,320 (6.8%) $494,440 (12.0%) 1.12 2,887
    2020-11-01 $384,175 (6.9%) $490,890 (11.6%) 1.12 2,598
    2020-12-01 $385,774 (7.2%) $496,100 (12.2%) 1.15 2,222
    2021-01-01 $389,900 (8.6%) $506,703 (14.6%) 1.16 1,874
    2021-02-01 $395,000 (8.4%) $524,830 (16.6%) 1.15 1,484
    2021-03-01 $397,500 (6.4%) $527,992 (14.5%) 1.13 1,289
    2021-04-01 $401,826 (10.3%) $541,164 (19.9%) 1.09 1,209
    2021-05-01 $405,265 (9.3%) $550,160 (18.2%) 1.08 1,040
    2021-06-01 $409,063 (7.3%) $559,258 (15.2%) 1.08 1,049
    2021-07-01 $409,945 (7.5%) $545,236 (12.1%) 1.08 1,211
    2021-08-01 $424,873 (10.4%) $563,378 (15.7%) 1.13 1,255
    2021-09-01 $425,000 (9.1%) $554,278 (12.2%) 1.13 1,417
    2021-10-01 $425,000 (9.2%) $550,233 (11.3%) 1.13 1,470
    2021-11-01 $426,724 (11.1%) $553,227 (12.7%) 1.14 1,346
    2021-12-01 $423,320 (9.7%) $551,073 (11.1%) 1.15 1,101
    2022-01-01 $425,500 (9.1%) $567,962 (12.1%) 1.15 902
    2022-02-01 $433,157 (9.7%) $588,872 (12.2%) 1.13 658
    2022-03-01 $450,250 (13.3%) $619,421 (17.3%) 1.13 695
    2022-04-01 $478,503 (19.1%) $620,202 (14.6%) 1.14 857
    2022-05-01 $494,500 (22.0%) $608,261 (10.6%) 1.13 1,444
    2022-06-01 $499,950 (22.2%) $626,098 (12.0%) 1.11 2,116
    2022-07-01 $495,000 (20.8%) $614,669 (12.7%) 1.12 2,783
    2022-08-01 $487,450 (14.7%) $605,691 (7.5%) 1.13 3,201
    2022-09-01 $464,450 (9.3%) $580,567 (4.7%) 1.09 3,779
    2022-10-01 $455,000 (7.1%) $576,086 (4.7%) 1.07 3,955
    2022-11-01 $449,950 (5.4%) $570,728 (3.2%) 1.08 3,901
    2022-12-01 $449,000 (6.1%) $569,135 (3.3%) 1.11 3,613
    2023-01-01 $446,347 (4.9%) $573,252 (0.9%) 1.11 3,218
    2023-02-01 $449,900 (3.9%) $583,811 (-0.9%) 1.09 2,853
    2023-03-01 $450,000 (-0.1%) $597,742 (-3.5%) 1.06 2,622
    2023-04-01 $465,000 (-2.8%) $629,907 (1.6%) 1.08 2,444
    2023-05-01 $474,950 (-4.0%) $639,746 (5.2%) 1.08 2,518
    2023-06-01 $480,200 (-4.0%) $641,879 (2.5%) 1.08 2,553
    2023-07-01 $470,000 (-5.1%) $634,278 (3.2%) 1.07 2,587
    2023-08-01 $466,500 (-4.3%) $628,818 (3.8%) 1.07 2,692
    2023-09-01 $459,950 (-1.0%) $624,227 (7.5%) 1.07 2,873
    2023-10-01 $459,394 (1.0%) $621,073 (7.8%) 1.08 3,140
    2023-11-01 $452,450 (0.6%) $615,583 (7.9%) 1.08 3,234
    2023-12-01 $448,685 (-0.1%) $615,526 (8.2%) 1.09 2,975
    2024-01-01 $440,500 (-1.3%) $622,803 (8.6%) 1.08 2,668
    2024-02-01 $442,665 (-1.6%) $634,236 (8.6%) 1.07 2,664
    2024-03-01 $449,995 (0.0%) $643,840 (7.7%) 1.06 2,775
    2024-04-01 $453,383 (-2.5%) $641,496 (1.8%) 1.05 2,947
    2024-05-01 $463,524 (-2.4%) $647,003 (1.1%) 1.05 3,214
    2024-06-01 $469,900 (-2.1%) $635,917 (-0.9%) 1.07 3,569
    2024-07-01 $464,950 (-1.1%) $636,410 (0.3%) 1.06 3,888
    2024-08-01 $455,000 (-2.5%) $625,150 (-0.6%) 1.06 3,986
    2024-09-01 $454,950 (-1.1%) $626,598 (0.4%) 1.07 4,240
    2024-10-01 $454,121 (-1.2%) $623,108 (0.3%) 1.07 4,368
    2024-11-01 $449,900 (-0.6%) $612,144 (-0.6%) 1.08 4,299
    2024-12-01 $444,995 (-0.8%) $605,679 (-1.6%) 1.11 3,777
    2025-01-01 $440,000 (-0.1%) $600,433 (-3.6%) 1.10 3,528
    2025-02-01 $435,962 (-1.5%) $598,053 (-5.7%) 1.06 3,772
    2025-03-01 $445,000 (-1.1%) $608,510 (-5.5%) 1.05 4,091
    2025-04-01 $451,245 (-0.5%) $617,059 (-3.8%) 1.05 4,663
    2025-05-01 $456,695 (-1.5%) $621,425 (-4.0%) 1.04 5,256
    Raleigh's median listing price for 2025-05-01 was $456,695, a difference of $-6,829 (-1.5%) versus the prior year and $5,450 versus the prior month.

    Raleigh's median listing price comes in at 104% of the national average.

    Raleigh's average listing price for 2025-05-01 was $621,425, a difference of $-25,578 (-4.0%) versus the prior year and $4,366 versus the prior month.

    For the 2025-05-01 period, Raleigh had 5,256 MLS listings, a difference of 593 listings (13%) versus the prior month and 2,042 listings (64%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Raleigh (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 82 days 2,666 sqft
    2018-02-01 69 days 2,656 sqft
    2018-03-01 53 days 2,700 sqft
    2018-04-01 51 days 2,675 sqft
    2018-05-01 50 days 2,676 sqft
    2018-06-01 53 days 2,665 sqft
    2018-07-01 60 days 2,651 sqft
    2018-08-01 62 days 2,655 sqft
    2018-09-01 65 days 2,623 sqft
    2018-10-01 68 days 2,587 sqft
    2018-11-01 71 days 2,577 sqft
    2018-12-01 78 days 2,563 sqft
    2019-01-01 84 days 2,557 sqft
    2019-02-01 74 days 2,560 sqft
    2019-03-01 61 days 2,594 sqft
    2019-04-01 50 days 2,627 sqft
    2019-05-01 50 days 2,652 sqft
    2019-06-01 50 days 2,630 sqft
    2019-07-01 56 days 2,605 sqft
    2019-08-01 57 days 2,580 sqft
    2019-09-01 58 days 2,557 sqft
    2019-10-01 59 days 2,542 sqft
    2019-11-01 61 days 2,503 sqft
    2019-12-01 69 days 2,505 sqft
    2020-01-01 72 days 2,485 sqft
    2020-02-01 59 days 2,523 sqft
    2020-03-01 47 days 2,554 sqft
    2020-04-01 50 days 2,500 sqft
    2020-05-01 58 days 2,518 sqft
    2020-06-01 59 days 2,543 sqft
    2020-07-01 48 days 2,490 sqft
    2020-08-01 40 days 2,471 sqft
    2020-09-01 45 days 2,459 sqft
    2020-10-01 44 days 2,430 sqft
    2020-11-01 44 days 2,388 sqft
    2020-12-01 50 days 2,377 sqft
    2021-01-01 45 days 2,354 sqft
    2021-02-01 33 days 2,309 sqft
    2021-03-01 25 days 2,259 sqft
    2021-04-01 20 days 2,300 sqft
    2021-05-01 17 days 2,275 sqft
    2021-06-01 16 days 2,261 sqft
    2021-07-01 18 days 2,255 sqft
    2021-08-01 20 days 2,258 sqft
    2021-09-01 19 days 2,247 sqft
    2021-10-01 20 days 2,228 sqft
    2021-11-01 22 days 2,218 sqft
    2021-12-01 34 days 2,199 sqft
    2022-01-01 33 days 2,130 sqft
    2022-02-01 16 days 2,137 sqft
    2022-03-01 11 days 2,183 sqft
    2022-04-01 10 days 2,250 sqft
    2022-05-01 12 days 2,319 sqft
    2022-06-01 16 days 2,354 sqft
    2022-07-01 23 days 2,338 sqft
    2022-08-01 30 days 2,336 sqft
    2022-09-01 42 days 2,287 sqft
    2022-10-01 47 days 2,270 sqft
    2022-11-01 56 days 2,271 sqft
    2022-12-01 68 days 2,284 sqft
    2023-01-01 74 days 2,287 sqft
    2023-02-01 66 days 2,290 sqft
    2023-03-01 52 days 2,308 sqft
    2023-04-01 47 days 2,331 sqft
    2023-05-01 43 days 2,339 sqft
    2023-06-01 43 days 2,351 sqft
    2023-07-01 42 days 2,319 sqft
    2023-08-01 40 days 2,303 sqft
    2023-09-01 43 days 2,278 sqft
    2023-10-01 44 days 2,262 sqft
    2023-11-01 49 days 2,234 sqft
    2023-12-01 63 days 2,205 sqft
    2024-01-01 63 days 2,166 sqft
    2024-02-01 44 days 2,174 sqft
    2024-03-01 41 days 2,187 sqft
    2024-04-01 38 days 2,170 sqft
    2024-05-01 36 days 2,180 sqft
    2024-06-01 40 days 2,220 sqft
    2024-07-01 43 days 2,209 sqft
    2024-08-01 47 days 2,176 sqft
    2024-09-01 51 days 2,158 sqft
    2024-10-01 51 days 2,157 sqft
    2024-11-01 57 days 2,130 sqft
    2024-12-01 70 days 2,118 sqft
    2025-01-01 71 days 2,102 sqft
    2025-02-01 53 days 2,072 sqft
    2025-03-01 44 days 2,103 sqft
    2025-04-01 43 days 2,138 sqft
    2025-05-01 45 days 2,170 sqft
    Raleigh's median listing age (time on market) for 2025-05-01 was 45 days. This is 27% longer than the same period one year ago.

    Raleigh's median square footage for active listings during the 2025-05-01 period was 2,170 sqft. One year prior, the average listing was 2,180 sqft.

    FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).