Raleigh FHA Loan Rates, Closing Costs & Stats

RALEIGH-CARY, NC

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    • 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 195 lenders originated 3,131 FHA loans during 2023. The total origination value was $1,015,715,000, with an average FHA loan value of $324,406.

    Raleigh FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Raleigh averaged 6.41% for the week of 2025-02-14, compared to the national average (all FHA variants) of 6.515% for the same period.

    Raleigh's average FHA mortgage closing costs are $8,629.

    The average rate for the prior week (2025-02-07) was 6.02% and one month ago for the week of 2025-01-10, the average rate was 6.08%.

    The average rate one year ago was 6.21%.

    For refis of the same type during the week of 2025-02-14, the average rate was 5.94%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    QUICKEN LOANS, LLC 328 6.18% $13,315
    UNITED WHOLESALE MORTGAGE, LLC 205 6.17% $13,504
    MOVEMENT MORTGAGE, LLC 157 6.50% $13,657
    LOANDEPOT.COM, LLC 139 6.24% $11,887
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 95 6.76% $10,333
    NVR Mortgage Finance, Inc. 90 6.04% $13,075
    CORNERSTONE HOME LENDING, INC. 76 6.67% $13,787
    CROSSCOUNTRY MORTGAGE, LLC 69 6.72% $13,825
    DHI MORTGAGE COMPANY, LTD. 64 5.48% $8,927
    American Security Mortgage Corp. 64 6.31% $12,978
    EAGLE HOME MORTGAGE, LLC 63 6.16% $8,904
    PULTE MORTGAGE LLC 61 5.47% $8,427
    NFM, INC. 52 6.53% $14,708
    PENNYMAC LOAN SERVICES, LLC 51 6.23% $15,458
    BROKER SOLUTIONS, INC. 45 6.67% $13,110
    VANDERBILT MORTGAGE AND FINANCE, INC. 43 5.87% $17,725
    FREEDOM MORTGAGE CORPORATION 43 6.79% $16,387
    PRIMELENDING, A PLAINSCAPITAL COMPANY 38 6.05% $16,777
    PRIMARY RESIDENTIAL MORTGAGE, INC. 36 6.46% $14,560
    NEWREZ LLC 36 6.30% $12,784
    CARDINAL FINANCIAL 35 6.17% $12,911
    North State Bank 34 6.44% $10,794
    ZILLOW HOME LOANS, LLC 34 6.11% $13,132
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 34 6.67% $14,017
    KBHS HOME LOANS, LLC 32 6.00% $14,375
    GoPrime Mortgage, Inc. 30 6.68% $13,149
    Mr. Cooper ( Nationstar Mortgage ) 27 6.19% $17,792
    First Heritage Mortgage, LLC 27 6.35% $13,259
    Truist 26 6.14% $11,582
    Prosperity Home Mortgage, LLC 26 6.51% $12,487
    MATTAMY HOME FUNDING, LLC 26 6.09% $10,392
    Carrington Mortgage Services, LLC 24 6.32% $12,090
    Blue Ridge Bank 23 6.39% $11,434
    Alcova Mortgage LLC 22 6.80% $10,455
    The Federal Savings Bank 22 6.61% $12,904
    CMG MORTGAGE, INC. 21 6.57% $13,338
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 20 6.62% $15,034
    AMERISAVE MORTGAGE CORPORATION 19 6.10% $16,326
    Towne Mortgage of the Carolinas, LLC 19 6.76% $12,737
    GUARANTEED RATE, INC. 19 6.40% $11,805
    RELIANCE FIRST CAPITAL, LLC 18 6.61% $15,951
    INTERCOASTAL MORTGAGE COMPANY 17 6.79% $9,547
    MUTUAL OF OMAHA MORTGAGE, INC. 17 6.40% $15,345
    JET HOMELOANS, LLC 17 5.94% $11,122
    Towne Bank 16 6.23% $12,669
    Equity Prime Mortgage LLC 15 6.25% $15,558
    FIRST HOME MORTGAGE CORPORATION 15 6.62% $13,395
    ACADEMY MORTGAGE CORPORATION 15 6.42% $12,356
    VILLAGE CAPITAL MORTGAGE 14 6.02% $13,605
    VELOCIO MORTGAGE L.L.C. 14 5.98% $13,951
    AMERICAN FINANCIAL NETWORK, INC. 13 6.79% $13,977
    HOMESPIRE MORTGAGE CORPORATION 13 6.50% $9,407
    Integrity Home Mortgage Corp 13 6.47% $11,777
    HOMESIDE FINANCIAL, LLC 13 6.40% $11,634
    United Community Bank 13 6.09% $13,417
    LOANPAL, LLC 12 5.95% $13,830
    Paramount Residential Mortgage Group, Inc. 12 6.49% $10,652
    MORTGAGE SOLUTIONS OF COLORADO, LLC 11 6.90% $16,090
    MICHIGAN MUTUAL, INC. 11 5.47% $14,516
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 10 6.63% $14,558
    T2 FINANCIAL LLC 9 6.82% $14,522
    Flagstar Bank, FSB 9 6.49% $12,542
    TIDEWATER MORTGAGE SERVICES, INC. 9 6.38% $12,043
    Plains Commerce Bank 9 6.24% $11,730
    First-Citizens Bank & Trust Company 9 6.19% $10,462
    Wells Fargo Bank 9 6.56% $10,397
    LAKEVIEW LOAN SERVICING, LLC 9 5.90% $13,418
    Bank of England 8 6.63% $13,435
    EMM LOANS LLC 8 5.97% $15,046
    Corporate Investors Mortgage Group, Inc. 8 6.64% $11,038
    SUN WEST MORTGAGE COMPANY, INC. 7 6.28% $15,546
    TOP FLITE FINANCIAL, INC. 7 6.54% $17,851
    Mortgage Research Center, LLC 7 6.50% $9,957
    HOMEBRIDGE FINANCIAL SERVICES, INC. 7 5.93% $11,175
    SOUTHERN TRUST MORTGAGE, LLC 7 6.30% $13,554
    FBC MORTGAGE, LLC 6 5.78% $8,150
    BAY EQUITY LLC 6 6.48% $13,402
    Northpointe Bank 6 6.52% $10,937
    Nations Lending Corporation 6 6.31% $12,255
    UNION HOME MORTGAGE CORP. 6 6.33% $11,784
    MILEND, INC. 6 6.94% $16,743
    PNC Bank 5 6.95% $9,128
    ENVOY MORTGAGE, LTD 5 6.53% $10,928
    CITY FIRST MORTGAGE SERVICES, L.L.C. 4 6.53% $13,958
    Shamrock Home Loans, Inc. 4 6.31% $13,417
    SWBC MORTGAGE CORPORATION 4 6.00% $12,423
    ALLIED MORTGAGE GROUP, INC. 4 5.81% $10,677
    Keystone Funding, Inc. 4 6.22% $18,805
    TOWNE MORTGAGE COMPANY 4 6.81% $18,394
    Lakeview Community Capital, LLC 4 6.03% $12,729
    AmeriHome Mortgage Company, LLC 4 6.28% $11,416
    AMERICAN PACIFIC MORTGAGE CORPORATION 4 6.38% $16,766
    PHH Mortgage Corporation 4 6.28% $9,130
    DELMAR FINANCIAL COMPANY 4 6.69% $10,516
    EVERETT FINANCIAL, INC. 4 7.28% $10,113
    AMERICAN FINANCING CORPORATION 4 6.13% $14,988
    ABSOLUTE HOME MORTGAGE CORPORATION 4 7.13% $16,253
    GUILD MORTGAGE COMPANY 4 6.50% $17,677
    EQUITY RESOURCES, INC. 4 6.72% $9,444
    PLANET HOME LENDING, LLC 4 5.78% $9,259
    CALCON MUTUAL MORTGAGE LLC 4 6.69% $11,783
    DAS Acquisition Company, LLC 3 6.88% $17,594
    Ameris Bank 3 6.08% $11,047
    Century Mortgage Company DBA Century Lending Company 3 6.21% $13,218
    Encompass Lending Group, LP 3 6.54% $15,067
    LIBERTY HOME MORTGAGE CORPORATION 3 6.58% $15,156
    PANORAMA MORTGAGE GROUP, LLC 3 6.92% $11,539
    POLARIS HOME FUNDING CORP. 3 6.92% $11,721
    RUOFF MORTGAGE COMPANY, INC. 3 5.83% $7,323
    SeaTrust Mortgage Company 3 7.13% $9,827
    South Pacific Financial Corporation 3 6.13% $11,355
    Victorian Finance, LLC 3 6.67% $9,605
    FIRST ALLIANCE HOME MORTGAGE, LLC 2 6.69% $17,009
    Paramount Bank 2 6.69% $8,421
    ACOPIA, LLC 2 6.68% $14,628
    M&T Bank 2 6.13% $13,101
    BAYSHORE MORTGAGE FUNDING, LLC 2 6.94% $11,227
    Barrington Bank & Trust Company, N.A. 2 6.75% $10,920
    OCMBC, INC. 2 7.88% $15,019
    PENTAGON FEDERAL CREDIT UNION 2 6.31% $9,331
    FIRST EQUITY MORTGAGE INCORPORATED 2 6.44% $10,714
    FIRST CONTINENTAL MORTGAGE, LTD. 2 6.12% $8,572
    NBKC BANK 2 6.06% $9,571
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 7.13% $14,060
    ANGEL OAK HOME LOANS LLC 2 7.19% $13,234
    SOUTHEAST MORTGAGE OF GEORGIA, INC. 2 7.19% $12,078
    PLAZA HOME MORTGAGE, INC. 2 6.88% $14,021
    RAPID MORTGAGE COMPANY 2 7.00% $19,397
    Regions Bank 2 6.19% $8,682
    Strong Home Mortgage, LLC 2 6.19% $12,035
    SUCCESS MORTGAGE PARTNERS, INC. 2 6.56% $11,683
    Colonial Savings, F.A. 2 6.69% $16,090
    MID AMERICA MORTGAGE, INC. 2 6.44% $7,461
    CAPITAL CENTER, L.L.C. 2 6.81% $5,670
    M/I FINANCIAL, LLC 2 6.69% $12,746
    Residential Mortgage Solutions, Inc. 2 6.19% $11,775
    The Central Trust Bank 2 6.56% $11,884
    CONTOUR MORTGAGE CORPORATION 1 6.50% $18,637
    RESOURCE FINANCIAL SERVICES, INC. 1 6.13% $13,200
    ROYAL UNITED MORTGAGE LLC 1 7.25% $5,291
    AMCAP MORTGAGE, LTD. 1 7.13% $16,993
    SECURITYNATIONAL MORTGAGE COMPANY 1 6.63% $13,540
    SFMC, LP 1 6.99% $16,929
    Citizens Bank 1 5.50% $14,855
    SHELTER HOME MORTGAGE, LLC 1 6.63% $17,105
    SIRVA MORTGAGE, INC. 1 7.50% $7,598
    CHURCHILL MORTGAGE CORPORATION 1 7.25% $15,273
    Allen Tate Mortgage Partners, LLC 1 6.75% $8,593
    SOVEREIGN LENDING GROUP INCORPORATED 1 5.50% $13,700
    Capital City Home Loans, LLC 1 6.75% $14,788
    CALIBER HOME LOANS, INC. 1 6.25% $12,051
    Bell Bank 1 6.63% $12,343
    The Fidelity Bank 1 6.75% $13,306
    The Freedom Bank of Virginia 1 5.63% $10,379
    THE MORTGAGE FIRM, INC. 1 6.75% $11,802
    TOTAL MORTGAGE SERVICES, LLC 1 6.88% $19,325
    Bank of America 1 7.00% $6,976
    Atlantic Union Bank 1 6.13% $14,411
    Atlantic Coast Mortgage, LLC 1 5.75% $14,245
    Arvest Bank 1 6.00% $14,398
    UNITED NORTHERN MORTGAGE BANKERS LIMITED 1 7.50% $14,432
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 6.75% $10,333
    U.S. Bank 1 6.75% $10,665
    Uwharrie Bank 1 5.75% $12,226
    AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. 1 6.25% $9,652
    VAN DYK MORTGAGE CORPORATION 1 7.63% $15,101
    Meridian Bank Corporation 1 6.75% $11,694
    MIDLAND MORTGAGE CORPORATION 1 6.63% $18,468
    MEMBER FIRST MORTGAGE, LLC 1 7.13% $11,173
    Leader Bank 1 6.75% $8,408
    LOANFLIGHT LENDING, LLC 1 6.99% $12,000
    LAND HOME FINANCIAL SERVICES, INC. 1 7.50% $15,926
    Kwik Mortgage Corporation 1 5.75% $14,021
    JPMorgan Chase Bank 1 7.63% $8,197
    NATION ONE MORTGAGE CORPORATION 1 6.75% $22,738
    NATIONS DIRECT MORTGAGE, LLC 1 6.99% $16,094
    Ixonia Bank 1 7.50% $19,881
    NETWORK CAPITAL FUNDING CORPORATION 1 6.75% $4,980
    INTERCAP LENDING INC. 1 6.50% $11,911
    HOMESTAR FINANCIAL CORPORATION 1 7.50% $10,279
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 6.75% $17,515
    GUARANTEED RATE AFFINITY, LLC 1 7.73% $7,573
    NORWICH COMMERCIAL GROUP, INC. 1 6.25% $9,807
    GENEVA FINANCIAL, LLC 1 7.13% $11,438
    Vellum Mortgage, Inc. 1 7.50% $9,177
    Gateway First Bank 1 6.75% $15,623
    First Horizon Bank 1 6.25% $11,172
    First Bank 1 6.25% $13,967
    AMERICAN FINANCIAL RESOURCES, INC. 1 7.25% $10,544
    PREMIA MORTGAGE, LLC 1 6.25% $8,305
    PREMIER LENDING, INC. 1 6.50% $13,563
    Fifth Third Bank 1 6.13% $7,208
    Evolve Bank & Trust 1 5.75% $21,743
    EMBRACE HOME LOANS, INC. 1 7.75% $9,079
    DRAPER AND KRAMER MORTGAGE CORP. 1 6.13% $9,916

    The top Raleigh FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 328 FHA loans originated. Their average total fees are $13,315, which is $190 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Raleigh FHA lenders (with over 10 loans originated) are PULTE MORTGAGE LLC ($8,427), EAGLE HOME MORTGAGE, LLC ($8,904), DHI MORTGAGE COMPANY, LTD. ($8,927), HOMESPIRE MORTGAGE CORPORATION ($9,407) and INTERCOASTAL MORTGAGE COMPANY ($9,547).

    The lowest rate Raleigh FHA lenders (with over 10 loans originated) are MICHIGAN MUTUAL, INC. (5.47%), PULTE MORTGAGE LLC (5.47%), DHI MORTGAGE COMPANY, LTD. (5.48%), VANDERBILT MORTGAGE AND FINANCE, INC. (5.87%) and JET HOMELOANS, LLC (5.94%).

    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%) 1.25 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%) 1.17 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%) 1.12 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%) 1.11 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%) 1.13 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%) 1.08 1,209
    2021-05-01 $405,265 (9.3%) $550,160 (18.2%) 1.07 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%) 1.12 3,201
    2022-09-01 $464,450 (9.3%) $580,567 (4.7%) 1.08 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%) 1.10 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%) 1.07 2,668
    2024-02-01 $442,665 (-1.6%) $634,236 (8.6%) 1.06 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%) 1.04 3,214
    2024-06-01 $469,900 (-2.1%) $635,917 (-0.9%) 1.06 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%) 1.06 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%) 1.10 3,777
    2025-01-01 $440,000 (-0.1%) $600,433 (-3.6%) 0.00 3,528
    Raleigh's median listing price for 2025-01-01 was $440,000, a difference of $-500 (-0.1%) versus the prior year and $-4,995 versus the prior month.

    Raleigh's median listing price comes in at 0% of the national average.

    Raleigh's average listing price for 2025-01-01 was $600,433, a difference of $-22,370 (-3.6%) versus the prior year and $-5,246 versus the prior month.

    For the 2025-01-01 period, Raleigh had 3,528 MLS listings, a difference of -249 listings (-7%) versus the prior month and 860 listings (32%) 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 83 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 58 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 49 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 48 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 42 days 2,187 sqft
    2024-04-01 38 days 2,170 sqft
    2024-05-01 32 days 2,180 sqft
    2024-06-01 36 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 0 days 2,102 sqft
    Raleigh's median listing age (time on market) for 2025-01-01 was 0 days. This is -100% shorter than the same period one year ago.

    Raleigh's median square footage for active listings during the 2025-01-01 period was 2,102 sqft. One year prior, the average listing was 2,166 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).