WhereCanIAfford › Raleigh, NC › On $425,000

Is Raleigh, NC affordable on a $425,000 salary?

YES On $425,000/yr, the typical $438,138 home in Raleigh, NC needs $131,627/yr ($3,071/mo). Your gap: +$293,373 — housing would be 8.7% of your gross income.

The math

438,138 price − 10% down (43,814) = 394,324 loan
30-yr fixed at 6.69% on 394,324 = 2,542/mo principal+interest
+ 529/mo est. taxes+insurance (1.45%/yr of value — national placeholder)
3,071/mo PITI ÷ 0.28 = 10,969/mo → 131,627/yr required

against Zillow ZHVI 2026-06 and the 6.69% FRED 30-yr rate (2026-08-06).

What salary WOULD clear Raleigh, NC?

You need about $131,627/yr for the typical home. On $425,000 you already clear it by $293,373.

On $400,000? On $450,000? On $475,000?

See the full Raleigh, NC affordability breakdown → or every metro you can afford on $425,000 →