Rent to own Homes in Raleigh, NC

The capital of North Carolina, Raleigh is the second largest city in the state. Nicknamed the "City of Oaks" because of its abundance of oak trees, Raleigh is especially famous for the beauty of its residential areas that are abound with tree-lined boulevards and historic houses. Home to North Carolina State University and the prestigious Progress Energy Center for the Performing Arts, it's considered to be one of the fastest-growing cities in the nation, yet it also boasts areas of pristine natural beauty such as Umstead State Park, which is famous for its quiet scenic trails and bridle paths.

Raleigh, NC is a great place for affordable rent-to-own homes! With a median household income of over $69,720 and a median rent of $1,175, the Raleigh, NC rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Raleigh, NC. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.

Check out Raleigh, NC rent to own homes for sale, which may include auction properties, for sale by owner, and more.

Showing 1 - 44 of 176
Hot
140 PARKHAVEN LN
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Garner, NC 27529
1,223 Sqft | Built in 1996
202 BRITTANY PL
6 Beds, 6.5 Baths
Rent To Own
 
Single Family Home
Cary, NC 27511
7,099 Sqft | Built in 1999
6900 GLENDOWER RD
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Raleigh, NC 27613
1,400 Sqft | Built in 1983
Hot
4921 UNIVERSAL DR
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Wake Forest, NC 27587
1,500 Sqft | Built in 1972
1821 STROUP ST
4 Beds, 4 Baths
Rent To Own
 
Townhouse/Condo
Apex, NC 27502
2,450 Sqft | Built in 2021
917 Dacian Ave APT 9
1 Bed, 1 Bath
Rent To Own
 
Single Family Home
Durham, NC 27701
470 Sqft
Hot
1 of 8 133 TAST DR
3 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Wendell, NC 27591
1,727 Sqft | Built in 2001
Hot New
8072 NC HIGHWAY 42
4 Beds, 2 Baths
Rent To Own
 
Single Family Home
Holly Springs, NC 27540
Built in 2003
Rent to own homes offer low monthly payments and flexible terms.
2257 BROWN RD
2 Beds, 2 Baths
Rent To Own
 
Single Family Home
Sanford, NC 27330
3,400 Sqft | Built in 1995
102 TRAPPERS WOOD DR
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Goldsboro, NC 27530
1,631 Sqft | Built in 1940
New
307 MAYMONT DR
3 Beds, 2.5 Baths
Rent to Own Eligible
 
Single Family Home
Durham, NC 27703
1,640 Sqft | Built in 1996
103 YOUNG ST
3 Beds, 3 Baths
Rent to Own Eligible
 
Townhouse/Condo
Durham, NC 27703
1,800 Sqft | Built in 1984
1222 BALLERINA LN
3 Beds, 3 Baths
Rent to Own Eligible
 
Single Family Home
Durham, NC 27703
2,373 Sqft | Built in 2020
5 AFTON PL
3 Beds, 2.5 Baths
Rent to Own Eligible
 
Single Family Home
Durham, NC 27703
2,286 Sqft | Built in 1996
153 NIGHT TULIP PL
3 Beds, 2.5 Baths
Rent to Own Eligible
 
Townhouse/Condo
Durham, NC 27703
1,984 Sqft
323 ANDREWS CHAPEL RD
2 Beds, 1 Bath
Rent to Own Eligible
 
Single Family Home
Durham, NC 27703
2,411 Sqft | Built in 1934
7249 TERREGLES DR
3 Beds, 2.5 Baths
Rent to Own Eligible
 
Townhouse/Condo
Raleigh, NC 27617
1,693 Sqft | Built in 2012
1008 POPLAR ST
3 Beds, 2.5 Baths
Rent to Own Eligible
 
Single Family Home
Durham, NC 27703
2,480 Sqft | Built in 2015
1213 NEIGHBORLY WAY
4 Beds, 2 Baths
Rent to Own Eligible
 
Townhouse/Condo
Morrisville, NC 27560
2,268 Sqft | Built in 2018
1137 ARBOR EDGE LN
3 Beds, 2.5 Baths
Rent to Own Eligible
 
Townhouse/Condo
Durham, NC 27703
1,948 Sqft
2106 HEMLOCK HILL DR
4 Beds, 2.5 Baths
Rent to Own Eligible
 
Single Family Home
Durham, NC 27703
2,932 Sqft | Built in 2008
3822 NORTHLAKE DR
3 Beds, 2 Baths
Rent to Own Eligible
 
Single Family Home
Durham, NC 27703
1,227 Sqft | Built in 1998
1105 WILLOWCREST RD
4 Beds, 2.5 Baths
Rent to Own Eligible
 
Single Family Home
Durham, NC 27703
2,557 Sqft | Built in 2017
111 ELMSFORD ST
5 Beds, 3.5 Baths
Rent to Own Eligible
 
Single Family Home
Durham, NC 27703
3,160 Sqft | Built in 2015
4202 HAMPSTEAD VILLAGE DR
5 Beds, 2.5 Baths
Rent to Own Eligible
 
Single Family Home
Durham, NC 27703
2,820 Sqft | Built in 2004
904 WOOD CHAPEL LN
4 Beds, 3.5 Baths
Rent to Own Eligible
 
Single Family Home
Durham, NC 27703
2,519 Sqft | Built in 2014
8510 DUNLEE FALLS RD
1 Bed, 2 Baths
Rent to Own Eligible
 
Single Family Home
Raleigh, NC 27613
1,649 Sqft | Built in 1996
405 COURTSHIP CV
3 Beds, 3.5 Baths
Rent to Own Eligible
 
Single Family Home
Durham, NC 27703
3,190 Sqft | Built in 2020
New
1725 TW ALEXANDER DR #101
3 Beds, 2.5 Baths
Rent to Own Eligible
 
Townhouse/Condo
Durham, NC 27703
1,520 Sqft | Built in 2006
New
11 COLLINSWOOD CT
3 Beds, 2.5 Baths
Rent to Own Eligible
Greysons Green
Single Family Home
Durham, NC 27703
1,570 Sqft | Built in 2000
126 HIDDEN SPRINGS DR
3 Beds, 2.5 Baths
Rent to Own Eligible
 
Townhouse/Condo
Durham, NC 27703
1,488 Sqft | Built in 2004
805 GRANDVIEW DR
3 Beds, 2.5 Baths
Rent to Own Eligible
Greysons Green
Single Family Home
Durham, NC 27703
1,418 Sqft | Built in 1989
New
811 GRANDVIEW DR
3 Beds, 2 Baths
Rent to Own Eligible
Greysons Green
Single Family Home
Durham, NC 27703
1,118 Sqft | Built in 1993
2033 WILLOW HILL LN
3 Beds, 3 Baths
Rent to Own Eligible
 
Townhouse/Condo
Clayton, NC 27520
2,204 Sqft | Built in 1989
127 MARSHAY MEADOWS RD
3 Beds, 2 Baths
Rent to Own Eligible
 
Single Family Home
Youngsville, NC 27596
1,291 Sqft | Built in 1991
60 BALLAST PT
5 Beds, 4.5 Baths
Rent to Own Eligible
 
Single Family Home
Clayton, NC 27520
4,084 Sqft | Built in 2017
New
406 PEBBLESTONE DR
4 Beds, 2.5 Baths
Rent to Own Eligible
 
Single Family Home
Durham, NC 27703
2,203 Sqft | Built in 2005
906 BENGEL DR
4 Beds, 2.5 Baths
Rent to Own Eligible
 
Single Family Home
Durham, NC 27703
2,177 Sqft | Built in 2005
497 BALLAST PT
4 Beds, 3 Baths
Rent to Own Eligible
 
Single Family Home
Clayton, NC 27520
2,786 Sqft | Built in 2017
89 PLAZA DE LUKE SQ
5 Beds, 4.5 Baths
Rent to Own Eligible
 
Single Family Home
Clayton, NC 27527
4,019 Sqft | Built in 2007
1321 CANTLEMERE ST
4 Beds, 2.5 Baths
Rent to Own Eligible
 
Single Family Home
Wake Forest, NC 27587
2,832 Sqft | Built in 2009
314 E END AVE
3 Beds, 1 Bath
Rent to Own Eligible
 
Single Family Home
Durham, NC 27703
936 Sqft | Built in 1940
406 E END AVE
3 Beds, 2 Baths
Rent to Own Eligible
 
Single Family Home
Durham, NC 27703
1,381 Sqft | Built in 2020
New
100 COPPER CREEK DR
4 Beds, 2 Baths
Rent to Own Eligible
 
Single Family Home
Youngsville, NC 27596
1,699 Sqft | Built in 2013
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Buying a Home in Raleigh, NC

Raleigh, NC is seeing rapid growth and Raleigh, NC's' housing market remains not optimal with an average home price that is 23% above the 2023 national average. Raleigh, NC is part of Wake county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2023 for county Wake is 0.81% which is below the national average, which is 0.99%.

Median Home Price in Raleigh, NC

Median Rent in Raleigh, NC

Rent to own homes offer low monthly payments and flexible terms.

Average Cost of Living in Raleigh

Raleigh's housing expenses are 30% lower than the average US expenses, with 4% lower utility costs and 8% lower transportation costs.

Average Home Prices in Raleigh

The average cost for a home in Raleigh, NC, is $341,000, than the national average of $295,300.

Raleigh Statistics

If you're interested in Raleigh rent-to-own homes, don't forget to consider important factors in addition to monthly living costs, such as average commute, taxes, crime rates, etc. The following are some common Raleigh statistics compared to the U.S. national average.

Raleigh AveragesNational Averages
One-Way Commute23.4 minutes27.1 minutes
Violent Crime10.922.7
Property Crime17.935.4
Unemployment Rate4.3%4.7%
Income Tax Rate5.5%4.6%
Air QualityAQI 35AQI 40
Water QualitySafeSafe
Median Household Income$54,581$79,900
Median Property Taxes$2,327$2,471
Utilities$230.56$171.67
Monthly Rent$1,502$1,098
Median Home Cost$341,000$295,300
Median Home Age27 years37 years

Housing Statistics

The median sale price of a home in Raleigh is $199,400, which shows an increase of 5.1 percent percent over last year's figures. The median list price of a home in Raleigh is $212,500, which represents an increase of 10.7 percent over last year's list prices. A total of 18,944 houses and condominiums have recently sold in the Raleigh area. As of August 2013, 81.9 percent of Raleigh's residential properties are single family homes, 7.6 percent are condominiums, and 10.5 percent are other types of properties. Raleigh's annual residential turnover rate is 23.27 percent.

Local Dining

Raleigh is home to a wide range of eateries, from fine dining restaurants to barbecue palaces, cafes and diners. Here are a few favorites:

Local Shopping

North Hills is Raleigh's most popular suburban shopping area. This Midtown neighborhood features a number of large-scale malls and shopping plazas, including North Hills Mall, which has nearly 100 stores, as well as movie theaters, gyms, spas and other service providers.

Neighborhoods

Here are some neighborhoods in Raleigh you should know about:

Raleigh, NC Frequently Asked Questions

Raleigh is the state capital of North Carolina. It has both urban and rural areas. Most rural areas are on the outskirts of Raleigh.

Raleigh is one of the safest cities in the US. It ranks #9 on the list of US cities with low crime rates and low financial insecurity.

Hurricanes don't often reach as far inland as Raleigh. The Raleigh-Durham area typically receives a maximum of 7 inches per storm and rainfall and wind speed only reaches tropical storm level.

The average cost for a home in Raleigh, NC, is $341,000.

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