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 440
Hot
1 of 39 4921 UNIVERSAL DR
Rent To Own
 
Single Family Home
Wake Forest, NC 27587
3
2
1500 ft2
1972
202 BRITTANY PL
Rent To Own
 
Single Family Home
Cary, NC 27511
6
7
7099 ft2
1999
6900 GLENDOWER RD
Rent To Own
 
Single Family Home
Raleigh, NC 27613
3
2
1400 ft2
1983
Hot
140 PARKHAVEN LN
Rent To Own
 
Single Family Home
Garner, NC 27529
3
2
1223 ft2
1996
1821 STROUP ST
Rent To Own
 
Townhouse/Condo
Apex, NC 27502
4
4
2450 ft2
2021
917 Dacian Ave APT 9
Rent To Own
 
Single Family Home
Durham, NC 27701
1
1
470 ft2
Hot
1 of 8 133 TAST DR
Rent To Own
 
Single Family Home
Wendell, NC 27591
3
3
1727 ft2
2001
2257 BROWN RD
Rent To Own
 
Single Family Home
Sanford, NC 27330
2
2
3400 ft2
1995
102 TRAPPERS WOOD DR
Rent To Own
 
Single Family Home
Goldsboro, NC 27530
3
2
1631 ft2
1940
1 of 18 811 DANIELS ST
Rent to Own Eligible
 
Townhouse/Condo
Raleigh, NC 27605
1
1
566 ft2
1953
1 of 8 5930 SUNCREEK CT
Rent to Own Eligible
 
Townhouse/Condo
Raleigh, NC 27606
2
2
886 ft2
1984
1 of 102 910 Oberlin Rd
Rent to Own Eligible
 
Townhouse/Condo
Raleigh, NC 27605
3
3
2576 ft2
2019
319 FAYETTEVILLE ST
Rent to Own Eligible
 
Townhouse/Condo
Raleigh, NC 27601
2
2
1510 ft2
2005
1 of 14 615 DANIELS ST
Rent to Own Eligible
 
Townhouse/Condo
Raleigh, NC 27605
2
2
1019 ft2
2022
701 W LANE ST
Rent to Own Eligible
 
Townhouse/Condo
Raleigh, NC 27603
3
4
2020 ft2
1998
1 of 22 2502 SAINT MARYS ST
Rent to Own Eligible
 
Single Family Home
Raleigh, NC 27609
4
5
4000 ft2
1940
1 of 160 225 ELLWOOD DR
Rent to Own Eligible
North Hills
Single Family Home
Raleigh, NC 27609
5
5
7004 ft2
1966
910 JASON CT
Rent to Own Eligible
 
Townhouse/Condo
Cary, NC 27511
4
3
2208 ft2
1977
1 of 24 3811 Lunceston Way
Rent to Own Eligible
 
Townhouse/Condo
Raleigh, NC 27613
2
2
1427 ft2
2006
1 of 179 317 W MORGAN ST
Rent to Own Eligible
 
Townhouse/Condo
Raleigh, NC 27601
1
1
838 ft2
2005
1 of 25 12508 HONEYCHURCH ST
Rent to Own Eligible
 
Single Family Home
Raleigh, NC 27614
4
3
2560 ft2
2006
New
1211 Canyon Rock Ct
Rent to Own Eligible
 
Townhouse/Condo
Raleigh, NC 27610
3
3
1740 ft2
2006
1 of 66 3504 SPARROWWOOD DR
Rent to Own Eligible
 
Single Family Home
Wake Forest, NC 27587
4
3
3390 ft2
2002
1 of 31 618 N BOYLAN AVE
Rent to Own Eligible
 
Townhouse/Condo
Raleigh, NC 27603
2
2
1472 ft2
2005
1031 WIREWOOD DR
Rent to Own Eligible
 
Townhouse/Condo
Raleigh, NC 27605
2
2
910 ft2
1985
New
1 of 41 2079 WESTON GREEN LOOP
Rent to Own Eligible
 
Townhouse/Condo
Cary, NC 27513
3
3
1685 ft2
2010
1 of 52 5108 LADY OF THE LAKE DR
Rent to Own Eligible
 
Townhouse/Condo
Raleigh, NC 27612
3
4
2180 ft2
2006
New
1 of 24 312 WOODS REAM DR
Rent to Own Eligible
 
Single Family Home
Raleigh, NC 27615
4
3
2350 ft2
1971
1 of 10 1928 LOST LN
Rent to Own Eligible
 
Townhouse/Condo
Raleigh, NC 27603
2
2
1100 ft2
2001
1 of 7 1420 COLLEGIATE CIR
Rent to Own Eligible
 
Townhouse/Condo
Raleigh, NC 27606
4
4
1200 ft2
1999
3313 HARDEN RD
Rent to Own Eligible
 
Single Family Home
Raleigh, NC 27607
4
4
2900 ft2
1971
1 of 122 717 PENN RD
Rent to Own Eligible
 
Single Family Home
Raleigh, NC 27604
5
7
5501 ft2
2022
1 of 26 607 Smedes Pl
Rent to Own Eligible
 
Townhouse/Condo
Raleigh, NC 27605
1
1
650 ft2
2021
New
2628 ROYAL FORREST DR
Rent to Own Eligible
Bedford At Falls River
Single Family Home
Raleigh, NC 27614
5
4
3770 ft2
2007
1 of 24 5819 MAPLERIDGE RD
Rent to Own Eligible
 
Townhouse/Condo
Raleigh, NC 27609
3
3
1480 ft2
1974
1 of 4 6512 JEAN DR
Rent to Own Eligible
 
Single Family Home
Raleigh, NC 27612
4
3
3193 ft2
2022
115 TEE PEE TRL
Rent to Own Eligible
 
Single Family Home
Durham, NC 27703
2
2
1645 ft2
2017
New
1 of 35 4208 STONEFORD TRACE DR
Rent to Own Eligible
 
Single Family Home
Raleigh, NC 27616
3
3
1535 ft2
2002
1 of 16 3108 ORTON PL
Rent to Own Eligible
 
Single Family Home
Raleigh, NC 27607
4
2
2046 ft2
1974
New
1 of 141 1208 KIMBERLY DR
Rent to Own Eligible
North Hills
Single Family Home
Raleigh, NC 27609
4
5
5052 ft2
2023
1 of 23 444 S Blount St
Rent to Own Eligible
 
Townhouse/Condo
Raleigh, NC 27601
2
3
1457 ft2
2006
707 DANIELS ST
Rent to Own Eligible
 
Townhouse/Condo
Raleigh, NC 27605
1
1
566 ft2
1953
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Rent to own Homes in Cities Near Raleigh, NC

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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 2024 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 2024 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.