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

Showing 1 - 44 of 250
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
1,913 Sqft | Built in 2001
New
1 of 5 933 Rand Road
2 Beds, 2 Baths
Rent To Own
 
Single Family Home
Smithfield, NC 27577
1,105 Sqft | Built in 1948
1 of 4 909 Blount St
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Smithfield, NC 27577
864 Sqft | Built in 1950
2257 Brown Rd
2 Beds, 2 Baths
Rent To Own
 
Single Family Home
Sanford, NC 27330
3,017 Sqft | Built in 1995
102 Trappers Wood Dr
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Goldsboro, NC 27530
1,572 Sqft | Built in 1940
1 of 24 416 Chatterson Drive
4 Beds, 2.5 Baths
Rent To Own
 
Multifamily (2 - 4 Units)
Raleigh, NC 26715
2,967 Sqft | Built in 1996
1 of 23 1511 Anthology Dr
2 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Durham, NC 27703
2,145 Sqft | Built in 2016
Rent to own homes offer low monthly payments and flexible terms
1 of 26 449 Cross Country Way
3 Beds, 3.5 Baths
Rent To Own
 
Townhouse/Condo
Durham, NC 27703
2,332 Sqft | Built in 2020
Hot
1 of 18 1806 Creighton Hall Way
5 Beds, 3.5 Baths
Rent To Own
 
Single Family Home
Durham, NC 27703
3,855 Sqft | Built in 2016
1 of 5 3531 Gibson Rd
4 Beds, 2 Baths
Rent To Own
 
Single Family Home
Durham, NC 27703
1,840 Sqft | Built in 1967
1 of 3 4137 Nc 55
3 Beds, 2 Baths
Rent To Own
 
Multifamily (2 - 4 Units)
Cary, NC 27519
1,644 Sqft | Built in 1963
1 of 16 105 Jackson Rd
4 Beds, 3 Baths
Rent To Own
 
Single Family Home
Youngsville, NC 27596
2,715 Sqft | Built in 2008
1210 Holloway St
5 Beds, 3 Baths
Rent To Own
East Durham
Townhouse/Condo
Durham, NC 27701
2,030 Sqft | Built in 1918
Hot
1 of 3 517 Waterford Dr
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Clayton, NC 27520
1,427 Sqft | Built in 1998
Hot
1 of 33 140 Wolf Creek Dr
4 Beds, 3.5 Baths
Rent To Own
 
Single Family Home
Wendell, NC 27591
2,823 Sqft | Built in 2008
1 of 7 614 S Buchanan Blvd
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Durham, NC 27701
2,584 Sqft | Built in 1930
Hot
1 of 13 2714 Lexington St
3 Beds, 1.5 Bath
Rent To Own
 
Single Family Home
Durham, NC 27707
1,352 Sqft | Built in 1997
1 of 13 123 Glasgow Dr
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Clayton, NC 27520
1,946 Sqft | Built in 1999
1 of 26 777 Southwick Ave
3 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Clayton, NC 27527
1,802 Sqft | Built in 1999
Hot
1 of 43 2900 Harriman Rd
3 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Durham, NC 27705
2,997 Sqft | Built in 1965
1 of 13 56 Argonaut Dr
3 Beds, 3.5 Baths
Rent To Own
 
Townhouse/Condo
Durham, NC 27705
1,968 Sqft | Built in 2013
1 of 25 35 Pocono Dr
2 Beds, 2.5 Baths
Rent To Own
 
Townhouse/Condo
Durham, NC 27705
1,352 Sqft | Built in 2013
Hot
1 of 33 4 Syston Ct
4 Beds, 3.5 Baths
Rent To Own
 
Single Family Home
Chapel Hill, NC 27517
2,785 Sqft | Built in 2006
Hot
1 of 11 101 Wagon Trl
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Willow Spring, NC 27592
1,269 Sqft | Built in 2002
Hot
1 of 14 5204 Marcella Ct
3 Beds, 3 Baths
Rent To Own
 
Townhouse/Condo
Durham, NC 27707
2,202 Sqft | Built in 2005
5403 George King Rd
4 Beds, 2.5 Baths
Rent To Own
Farrington
Single Family Home
Durham, NC 27707
2,200 Sqft | Built in 1959
Hot
1 of 44 56 Turtle Point Dr
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Fuquay Varina, NC 27526
1,256 Sqft | Built in 2000
1 of 12 305 Old Franklin Grove Dr
3 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Chapel Hill, NC 27514
3,076 Sqft | Built in 2005
1 of 25 103 Claris Ct
5 Beds, 3 Baths
Rent To Own
 
Single Family Home
Chapel Hill, NC 27514
3,559 Sqft | Built in 2000
Hot
1 of 45 1001 Covered Bridge Trl
5 Beds, 4.5 Baths
Rent To Own
 
Single Family Home
Chapel Hill, NC 27517
4,072 Sqft | Built in 2015
1 of 30 194 Ridge Trl
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Chapel Hill, NC 27516
1,406 Sqft | Built in 1975
1 of 63 101 Antler Point Rd
6 Beds, 5 Baths
Rent To Own
 
Single Family Home
Chapel Hill, NC 27516
3,658 Sqft | Built in 1990
1 of 8 Lake Royal ,514 Shawnee Drive
3 Beds, 2 Baths
Rent To Own
 
Multifamily (2 - 4 Units)
Louisburg, NC 27549
1,600 Sqft | Built in 2020
1 of 17 9136 U.s. Highway 301 South
4 Beds, 3 Baths
Rent To Own
 
Multifamily (2 - 4 Units)
Four Oaks, NC 27524
2,948 Sqft | Built in 1978
Hot
1 of 11 21 Irbin Dr
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Coats, NC 27521
1,306 Sqft | Built in 1994
1 of 10 32 Wilson Creek Dr
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Benson, NC 27504
2,054 Sqft | Built in 2007
1 of 22 1725 Nc Highway 50 N
4 Beds, 4 Baths
Rent To Own
 
Single Family Home
Benson, NC 27504
3,541 Sqft | Built in 2005
1 of 14 424 Vernon St
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Broadway, NC 27505
2,420 Sqft | Built in 1970
1 of 27 81 May Farm Rd
3 Beds, 2.5 Baths
Rent To Own
Potterstone Village
Single Family Home
Pittsboro, NC 27312
2,036 Sqft | Built in 2005
1 of 26 193 Crane Way
3 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Bunnlevel, NC 28323
2,672 Sqft | Built in 2015
1 of 8 178 Schloss Rd
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Louisburg, NC 27549
2,342 Sqft | Built in 1985
Hot
1 of 8 511 Denim Dr
5 Beds, 2 Baths
Rent To Own
 
Single Family Home
Erwin, NC 28339
2,310 Sqft | Built in 1934
1 of 17 2114 Traceway South
3 Beds, 2 Baths
Rent To Own
 
Multifamily (2 - 4 Units)
Sanford, NC 27332
1,425 Sqft | Built in 1984
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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 2022 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 2022 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.

Raleigh, NC has a walk score of

Raleigh, NC has a bike score of

The state tax rate is 4.99% on top of the federal tax rate of 10 to 37%.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Some data might be from tax-rates.org
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