Mortgage Rates in Raleigh, North Carolina: 2026 Guide
30-year fixed: 6.68%. Median: $370,000.
Current Mortgage Rates in Raleigh
| Loan Type | Rate | APR | Monthly* |
|---|---|---|---|
| 30-Year Fixed | 6.68% | 6.760% | $1,906/mo |
| 15-Year Fixed | 6.16% | 6.230% | $2,523/mo |
| 5/1 ARM | 6.06% | 6.410% | $1,786/mo |
Raleigh Market Insights
Raleigh is part of the Research Triangle and offers a strong tech and biotech job market. The housing market has seen steady appreciation driven by population growth and high-paying jobs. Popular areas include North Hills, Cameron Village, and Five Points.
FAQs
What is the average mortgage rate in Raleigh?+
How much down payment is needed in Raleigh?+
What are property taxes in Raleigh?+
What a $370,000 Home Costs in Raleigh
At Raleigh's median home price of $370,000, a 20% down payment is $74,000. On a 30-year fixed loan at 6.68%, the monthly principal and interest payment works out to $1,906, and property taxes add roughly $259 per month at an effective rate of 0.84%. That puts the total PITI payment near $2,165 a month before homeowners insurance and HOA fees.
Keeping housing at or below 28% of gross income means a buyer in Raleigh typically needs to earn about $92,786 a year to carry this payment comfortably.
Tax & Rate Context in Raleigh
The effective property tax rate in Raleigh is 0.84%, which works out to roughly $3,108 a year on a median-priced home. The average 30-year fixed rate of 6.68% sits -0.03 points below the national average of 6.71%, giving local buyers a small payment advantage. Raleigh has an estimated population of 470K, and demand in the local market affects how quickly homes move and how often sellers negotiate on price.