Most Affordable Neighborhoods in Raleigh: Raleigh, NC Affordable Living Guide

Raleigh Most Affordable Neighborhoods

When choosing Raleigh as a new place to call home, residents will enjoy a variety of benefits beginning with the city being ranked as #1 in the U.S. and #2 in the world for its quality of life. The city is also a popular destination due to its location and proximity to Durham, Chapel Hill, and Cary. For entertainment and fun, Raleigh has plenty to offer, including scenic state and local parks, botanical gardens, hiking trails, shopping and dining venues, and a variety of museums. Moving to Raleigh means living life to the fullest each and every day, and the following affordable neighborhoods within the city are great places to call home.

Brier Creek

Brier Creek Amenities

  • Near Brier Creek Country Club
  • Interstates 540 and 40 are nearby
  • Convenient access to the Raleigh-Durham International Airport
  • Nearby schools include Brier Creek Elementary, Pine Hollow Middle School, and Leesville Road High School

For potential homeowners interested in affordable housing plus easy and convenient access to Raleigh and Durham, the Brier Creek neighborhood may be the ideal location. Once an area devoted to golf courses, it has become a fast-growing neighborhood in Wake County for anyone looking for a quality lifestyle near the Research Triangle, schools, and medical facilities.

Homes in the community include single-family residences and condominiums. Currently, prices range from $153,300 for a one-bedroom, one-bathroom condo and $495,000 and up for a split-level home with three bedrooms and two bathrooms. Homes may include traditional brick construction, brick and vinyl construction, single or double garages, hardwood floors, a fireplace, and updated kitchens.

Five Points

Five Points Amenities

  • Pedestrian-friendly sidewalks and streets
  • Close to the 1942 Rialto Theatre
  • Near Underwood Elementary, Daniels Middle School, and Broughton High School
  • Convenient access to businesses, restaurants, and attractions

Residents interested in living in a historic neighborhood will want to consider Five Points. Located near Whitaker Mill and Fairview roads and Glenwood Avenue, the vintage community is composed of several up-and-coming neighborhoods, making it a prime destination for those relocating to Raleigh.

Just two miles from downtown, residents can take advantage of the city's attractions while enjoying the ambiance and character of the 1920s community. Five Points is within close proximity to a variety of things to do such as parks, playgrounds, a farmers market, art galleries, antique shops, and more.

The types of homes that can be found in this neighborhood include single-family dwellings, cozy bungalows, and tri-level new construction homes. Prices range from the mid $300,000s to over $1 million. The median home value in Five Points is $516,550.

North Hills

North Hills Amenities

  • Across from the North Hills shopping area
  • Easy access to I-440
  • North Carolina State University is five miles away
  • Near North Hills Club for recreational activities

Uptown, upscale, and upbeat best describes the North Hills neighborhood comprised of luxury homes and apartments, high-end shopping venues, specialty boutiques, and fine dining restaurants. Residents have access to all that Raleigh has to offer in entertainment, fun activities, and historical destinations as well as a vibrant nightlife scene. However, that doesn't mean there aren't any affordable housing options in this lively neighborhood.

The community is conveniently located near the Beltline, shopping, live entertainment, parks, restaurants, and opportunities for runners, bikers, and dog walkers along the Greenway. It is also home to the Carolina Country Club.

Home styles include ranch, single-family detached, split-level, two-story, and luxury residences with three to five bedrooms and three bathrooms. Features may include a multi-car garage, fireplace, hardwood flooring, and a basement. Prices in North Hills generally range from $435,000 to $775,000.

Village District

Village District Amenities

  • Six minutes to downtown
  • Twenty minutes to Research Triangle Park
  • Eighteen minutes to Raleigh-Durham International Airport
  • Close to Cameron Village Shopping District

Village District, recently renamed from Cameron Village, is a hidden gem when it comes to discovering homes at affordable prices. The neighborhood hosts single-family homes, condominiums, and ranch-style homes. Condominiums are predominant and have been part of the neighborhood landscape since 1949.

Residents enjoy a quiet and laid-back atmosphere in a suburban setting while still having access to cafés and restaurants, boutiques, the museum district, the Village District Library, and local business services. Schools servicing the area include Wiley Elementary, Daniels Middle School, and Needham Broughton High School.

Listing prices vary from $185,000 for a one-bedroom, one-bath home to $1,385,000. The median listing price for a home is $355,000.

Historic Oakwood

Historic Oakwood Amenities

  • Easy access to downtown Raleigh
  • Close by historic Oakwood Cemetery
  • Tree-lined sidewalks

Step back in time when choosing a home in Historic Oakwood. Added to the National Register of Historic Places in 1974, this neighborhood is visually appealing with its many examples of Victorian homes. Potential residents will find that the community is filled with a variety of architectural styles that include Italianate, minimal traditional, colonial, Queen Anne, American Craftsman, and Second Empire dwellings on spacious lots.

Homes and lawns in this long-established neighborhood are well-maintained, with many having been restored to reflect their original design. Floor plans generally include three to four bedrooms with three to four bathrooms and square footage between 1,100 and 3,000. Current homes are listed from $415,000 to $985,000.

Along with vintage homes, there are also newly constructed homes built to blend with the historic vibe. With beautifully detailed homes, the community is within close proximity of dining, parks, shopping, and attractions.


Stonehenge Amenities

  • Near Northern Wake Expressway.
  • Wildwood Green Golf Club minutes away.
  • Close to Seven Oaks Swim and Racquet Club.
  • Planned neighborhood events.

Close to North Raleigh and Midtown, Stonehenge offers residents a convenient location to access area activities and attractions. Its easy access to I-540 and I-440 make it an ideal community for those who will be commuting to work. Residents can visit several restaurants and shopping venues without ever using a car, and only have a short drive to downtown. For outdoor enthusiasts, biking and hiking offers scenic views at Umstead Park.

Stonehenge offers townhouses, single-family homes, and retirement communities. Buyers can find a wide variety in home styles from quaint to modern and sizes with two to four bedrooms and two to four bathrooms and square footage from 1,167 to 3,423. Prices for homes also vary, with current sale prices ranging from $225,000 to $450,000. The average sale price is $300,000.

Come Home to Raleigh

If relocating to Raleigh, there are many reasons why the move can be beneficial to new residents, starting with it being a top city in the U.S. Residents making the move to Raleigh can expect a quality lifestyle, an affordable cost of living, diverse work opportunities, world-class healthcare, and a bustling economy. Add to that a solid education system, plus college sports, a vibrant nightlife, and a vivid arts and culture scene. Living in Raleigh, residents also have access to scenic mountain trails for hiking, snow skiing in the winter, and catching some rays on a weekend getaway to the beach.

If you're looking for a home in Raleigh, contact Triangle Real Estate Group at ERA Live Moore at (919) 523-4912 to talk to our local real estate agents, who can help you find your ideal Raleigh home today.

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