andrewbrady16
Region: US
Tuesday 11 August 2026 02:05:39 GMT
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Babybinx :
Raleigh real estate agent here. As someone who has shown that exact townhouse, you hit it right on the nail!
2026-08-19 12:31:15
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jellybeanbicycle :
Another consideration is housing quality at these prices. At $1800-1900 for rent, I can get a pretty high quality/new build apartment. Whereas at $315k home purchase price, I might get a fixer upper with high maintenance cost.
2026-08-11 09:47:40
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SouthernSpeedStars :
currently looking for a home in the market, pre-approved for a VA loan so no down payment, looking at 315k range. is renting still better? 👀
2026-08-20 01:28:34
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CGI_663892 :
$315k in the Raleigh market will not only limit you to a condo or townhouse, but an older townhouse that will be 2 bedrooms more likely than 3. In the nicer suburbs, newer 3-4 bedroom townhouses are going to run from $425-$600k depending on the quality of construction.
2026-08-11 21:14:40
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C/ :
Raleigh renter here, our household makes 200% AMI. We aren’t buying soon. The math doesn’t make sense, because when you take into account commute, there really isn’t anything truly under $500K inside the beltline. So you’re looking at a 30+ minute commute for what? An extra hour of travel time, wear and tear, and you get to build a little more equity if absolutely everything goes right. If the HVAC goes, there’s $15K. If the roof needs replacing, another $10K. Before you know it, that equity math becomes way less attractive, especially if you value your time.
2026-08-20 00:41:40
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Rebecca Jackson-Artis :
Where are the high paying jobs? Please let me know.
2026-08-11 22:27:55
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presidenteaddy :
I live in Raleigh, and as a native who has been looking, the $315k will probably require a ton of fixes + in a not preferable area. To get something in a solid area and with 2+ bedrooms, easily $400k+. I don’t prefer to buy a home built before 2010
2026-08-12 16:41:41
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Ariana Miller :
really hit the nail right on the head - i’m trying to buy as a first time homeowner with approx $70k down payment, and there is still not much available within my budget. anything under $350k is either falling apart or in the worst part of town. renting has truly been the cheaper option for me, which is CRAZY!!! paying $1400 now for an older 2bd2bth and trying to stack up as much as possible.
2026-08-11 18:30:41
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lymeadvise :
The vast majority of homes in and around the area have HOA so that’s something to consider also
2026-08-11 15:09:51
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Victoria Rosado :
This is why I rather rent
2026-08-11 20:17:32
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Zay Houdini :
I just bought my townhouse for 270k. 3bd 3br with a 2 car garage. I feel like I got lucky.
2026-08-11 22:03:08
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Jetwack4 :
This checks out as a Raleigh local
2026-08-11 18:04:25
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Mike McCarty52 :
Property tax in Raleigh is closer to $1 per $1000 of value so about $3000yr vs the $1750 in your assumption
2026-08-17 21:03:06
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Lillian :
My fiancé and I fit pretty well into your figures. We currently rent a 3 bedroom, 2.5 bath townhouse outside the I-40 loop for $1,825 per month, and we pay all of the utilities. We have looked into buying (with a larger down payment/closing reserve) and couldn’t make it make sense for our budget and the type of house we want. We like like to remain in 3 bedroom, at least 2 bath. But everything less than $350,000 was in terrible condition. I actually spoke to the NYT about this exact problem. Great analysis!
2026-08-11 17:49:58
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Walbeard :
I purchased a three story townhouse (3bd, 2.5bath) at 2100 per month mortgage, and I have two renters (bedrooms) at $700 -$750 per month. I manage but still curious in that return
2026-08-11 21:50:37
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slandts :
Also to remember in Wake County there is the "Wake County Tax" that makes things like gas more expensive
2026-08-11 21:55:22
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Love&Thunder :
Keep it close and do Fayetteville Nc
2026-08-14 22:28:45
1
Pablo :
Raleigh native and homeowner. This sounds pretty accurate to me. I want to buy a bigger house but seems impossible to do so even with an income well over the median
2026-08-12 12:44:52
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meg_kwi :
This seems right! Lots of helpful info. Thank you
2026-08-11 22:43:21
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Megan Olin :
Wow this was dead on!
2026-08-18 05:00:27
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AllLaChoy :
Spot on. Absolutely perfect analysis.
2026-08-16 02:47:07
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Helter Skelter :
I bought before interest rates went crazy, but after record lows. I would have more savings a lot if I rented. Prices are stagnant in my area, especially for my type of house. I'm kind of sour about the whole thing.
2026-08-13 16:12:08
3
z :
I make $95k and recently bought an older 2 bed 2 bath townhouse in a nice part of town for $290k and only put the $15k first time home buyer program down. My mortgage is $1950 per month with a $200 HOA which covers exterior maintenance (roof, deck, siding), a pool, and a tennis court. I knew I wouldn’t invest money properly and was afraid of getting stuck renting forever, so I just bit the bullet. My friends who live in apartments with roommates in the same area pay about $900 each and those that rent similar townhomes pay about $1500. If I chose to rent out my house, I def wouldn’t cover the mortgage and HOA.
2026-08-13 10:55:52
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kaitlin :
Much lower?? The average house here is 400k
2026-08-12 07:18:19
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bishhhplz :
i'm a renter in raleigh that makes the median income, and you're spot on. buying a house feels extremely out of reach.
2026-08-13 03:22:28
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