Cities with the fastest growing home prices in Raleigh metro area

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January 19, 2023
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Cities with the fastest growing home prices in Raleigh metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Raleigh-Cary, NC metro area using data from Zillow. Cities are ranked by 1-year price change as of December 2022. The typical home value in the United States increased over the last year by +8.4%% to $356,819. All 25 cities and towns with data available were included in the list.

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1 / 25
Stacker

#25. Kenly, NC

- 1-year price change: +$24,578 (+11.8%)
- 5-year price change: +$100,438 (+75.8%)
- Typical home value: $232,937 (#24 most expensive city in metro)
2 / 25
Stacker

#24. Newton Grove, NC

- 1-year price change: +$29,546 (+19.4%)
- 5-year price change: +$71,746 (+65.1%)
- Typical home value: $181,905 (#25 most expensive city in metro)
3 / 25
Stacker

#23. Selma, NC

- 1-year price change: +$31,320 (+14.0%)
- 5-year price change: +$120,307 (+89.7%)
- Typical home value: $254,438 (#22 most expensive city in metro)
4 / 25
Stacker

#22. Knightdale, NC

- 1-year price change: +$33,660 (+10.2%)
- 5-year price change: +$160,615 (+78.7%)
- Typical home value: $364,824 (#12 most expensive city in metro)
5 / 25
Stacker

#21. Princeton, NC

- 1-year price change: +$34,397 (+16.1%)
- 5-year price change: +$107,746 (+76.5%)
- Typical home value: $248,658 (#23 most expensive city in metro)

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6 / 25
Stacker

#20. Zebulon, NC

- 1-year price change: +$35,684 (+11.5%)
- 5-year price change: +$154,706 (+80.7%)
- Typical home value: $346,327 (#15 most expensive city in metro)
7 / 25
Stacker

#19. Wendell, NC

- 1-year price change: +$35,955 (+11.1%)
- 5-year price change: +$160,362 (+80.7%)
- Typical home value: $358,958 (#13 most expensive city in metro)
8 / 25
Stacker

#18. Raleigh, NC

- 1-year price change: +$37,467 (+9.4%)
- 5-year price change: +$177,182 (+68.6%)
- Typical home value: $435,554 (#7 most expensive city in metro)
9 / 25
Stacker

#17. Four Oaks, NC

- 1-year price change: +$38,410 (+16.0%)
- 5-year price change: +$129,015 (+86.0%)
- Typical home value: $278,973 (#19 most expensive city in metro)
10 / 25
Stacker

#16. Benson, NC

- 1-year price change: +$38,853 (+15.0%)
- 5-year price change: +$136,824 (+84.9%)
- Typical home value: $298,040 (#17 most expensive city in metro)

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11 / 25
Stacker

#15. Smithfield, NC

- 1-year price change: +$38,906 (+15.9%)
- 5-year price change: +$132,791 (+87.8%)
- Typical home value: $284,031 (#18 most expensive city in metro)
12 / 25
Stacker

#14. Wilsons Mills, NC

- 1-year price change: +$39,203 (+16.7%)
- 5-year price change: +$130,654 (+91.1%)
- Typical home value: $274,102 (#20 most expensive city in metro)
13 / 25
Stacker

#13. Garner, NC

- 1-year price change: +$40,078 (+11.6%)
- 5-year price change: +$172,418 (+81.3%)
- Typical home value: $384,455 (#10 most expensive city in metro)
14 / 25
Stacker

#12. Bunn, NC

- 1-year price change: +$41,256 (+18.7%)
- 5-year price change: +$120,785 (+85.6%)
- Typical home value: $261,815 (#21 most expensive city in metro)
15 / 25
Stacker

#11. Willow Spring, NC

- 1-year price change: +$43,798 (+12.5%)
- 5-year price change: +$174,275 (+79.6%)
- Typical home value: $393,220 (#9 most expensive city in metro)

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16 / 25
Stacker

#10. Rolesville, NC

- 1-year price change: +$44,626 (+10.0%)
- 5-year price change: +$194,122 (+65.1%)
- Typical home value: $492,483 (#6 most expensive city in metro)
17 / 25
Stacker

#9. Louisburg, NC

- 1-year price change: +$45,315 (+17.3%)
- 5-year price change: +$155,981 (+103.1%)
- Typical home value: $307,309 (#16 most expensive city in metro)
18 / 25
Stacker

#8. Wake Forest, NC

- 1-year price change: +$50,486 (+10.8%)
- 5-year price change: +$205,940 (+66.0%)
- Typical home value: $517,984 (#4 most expensive city in metro)
19 / 25
Stacker

#7. Clayton, NC

- 1-year price change: +$50,696 (+15.2%)
- 5-year price change: +$170,791 (+80.3%)
- Typical home value: $383,551 (#11 most expensive city in metro)
20 / 25
Stacker

#6. Franklinton, NC

- 1-year price change: +$54,911 (+18.6%)
- 5-year price change: +$169,360 (+94.0%)
- Typical home value: $349,621 (#14 most expensive city in metro)

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21 / 25
Stacker

#5. Holly Springs, NC

- 1-year price change: +$58,785 (+12.2%)
- 5-year price change: +$216,890 (+66.7%)
- Typical home value: $542,243 (#3 most expensive city in metro)
22 / 25
Stacker

#4. Morrisville, NC

- 1-year price change: +$59,870 (+13.6%)
- 5-year price change: +$202,339 (+67.6%)
- Typical home value: $501,629 (#5 most expensive city in metro)
23 / 25
Stacker

#3. Youngsville, NC

- 1-year price change: +$65,550 (+18.0%)
- 5-year price change: +$207,693 (+93.8%)
- Typical home value: $429,119 (#8 most expensive city in metro)
24 / 25
Stacker

#2. Cary, NC

- 1-year price change: +$68,242 (+12.9%)
- 5-year price change: +$237,591 (+65.9%)
- Typical home value: $598,209 (#1 most expensive city in metro)
25 / 25
Stacker

#1. Apex, NC

- 1-year price change: +$68,477 (+13.0%)
- 5-year price change: +$235,631 (+65.8%)
- Typical home value: $593,709 (#2 most expensive city in metro)

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