10 Most Expensive Neighborhoods in Raleigh: Luxury Living Guide

Most Expensive Neighborhoods in Raleigh, NC: Luxury Living Guide

Are you moving to Raleigh and are intersted in luxury living? Keep reading to learn more about the most expensive neighborhoods in Raleigh, NC.

View Raleigh's Most Expensive Homes for Sale

Raleigh is a highly ranked and diverse city with many prime locations. Moving to Raleigh is a popular decision, and the city has exploded with growth recently and will only continue to grow. No matter the area, this city has much to offer every resident. 

Raleigh is a hub for various technology companies, academic institutions, and agriculture industries—regardless of career, Raleigh has it, mainly due to its booming economy. Depending on your taste and preferences, every neighborhood in Raleigh has something unique. 

Luxury homebuyers can choose from elegant historic homes to spacious properties in the heart of downtown or forest escapes. Luxury homes vary based on personal preferences. Luxury properties make up about 10% of the local market here and in other areas; these homes have extravagant designs and are up to date on the newest smart home technologies. 

If you're looking for a luxury home or neighborhood to live in Raleigh, please get in touch with a local real estate agent to help jumpstart the home-buying process and find you the perfect home. 

Here are the most expensive neighborhoods in Raleigh, NC.

1. Oakwood

Oakwood is a historic district located in Downtown Raleigh that dates back to the 1800s. This neighborhood is loaded with beautiful oak trees and is a popular destination for professionals working Downtown and newcomers to Raleigh. With a median home price of $645,798, Historic Oakwood is one of the most walkable communities in Raleigh. 

The range of trees in this neighborhood gives it a cozy appeal outside the bustling downtown area. Due to its prime location downtown and historical culture, it is one of Raleigh's more expensive neighborhoods. 

This neighborhood offers all types of real estate, from restored Victorians to colonial-style homes to new construction. It is a popular spot for young professionals and families because it is a short walk to the heart of the city and has many great restaurants and bars. 

2. Cameron Village

Cameron Village is a great place for young professionals with bustling social lives because almost anything you need is within walking distance. Located on the western side of downtown, this location has some of the best restaurants, shopping centers, brunches, and other amenities. 

Real estate in this neighborhood ranges from $550,000 to $729,174, with homes in various styles, from ranch-style to historic properties. This is a popular destination for young adults looking to be near the college and things to do. However, it is also a perfect place to settle down. 

If you are looking for an area with gorgeous city skyline views and many things to do, Cameron Village may be the perfect neighborhood for you. 

3. Downtown Raleigh

Downtown Raleigh, without a doubt, is one of the most desirable places to live in the city. If you are looking for easy access to city life and to be in the heart of it all, finding a home for sale downtown may be for you. 

Downtown offers single-family homes, townhomes, condos, and other places to live with beautiful skyline views and walking distance from many things to do. Downtown is at the heart of it all and is a destination that can not be beaten. 

However, if you are searching for a more peaceful neighborhood, downtown may not be the best location for you due to the proximity to many bars, attractions, and restaurants. However, if you are searching for homes in this central location, the median home price is about $529,117. 

4. Glenwood 

Glenwood is a neighborhood that tends to be more expensive than other areas, with a median home price of $765,430. Homes here vary in the year they were built and the type of architecture. With easy access to downtown and many benefits due to its walkability, this neighborhood is a popular place for young adults and families. 

Known for its historically significant homes, this neighborhood offers so much to do and so much rich history. If you want to be in the heart of it all and still enjoy the city's unique history in a community, then searching for homes for sale in Glenwood may be for you. 

Here is all the available real estate in Glenwood to help you in your move. 

5. Boylan Heights

Boyland Heights is one of the most sought-after locations in Raleigh. It is one of the prime suburban neighborhoods that share a sense of community and the rich history of Raleigh's development. Homes here range from Queen Anne, Colonials, and many other agricultural. 

Located in the western part of downtown, this neighborhood also includes Dorothea Dix Park, which offers many fields, walking paths, and the best farmer's markets in Raleigh. Boylan Heights is full of a welcoming community and many things to do. With a median home price of $662,129, it is a popular place to live, so if you are interested in moving here, act fast to find the perfect home for you.  

6. Five Points

Five Points is a blend of several neighborhoods named after the infamous intersection where six roads meet. Some residents prefer certain areas of this large community, while others prefer different ones. Each of these smaller areas has its unique qualities. 

Located North of downtown, Five Points offers easy access to downtown, beautiful views from the rooms, and many things to do. This area is a popular destination for people who want to be near the city but also want to enjoy the unique architectural styles in this neighborhood. With an average home price of $698,134, Five Points is a great place to live. 

Here are some of the parts that are a part of the Five Points area:

• Oxford Park
• Roanoke Park
• Bloomsbury
• Hayes Barton
• Georgetown
• Villa Park

7. Brier Creek

Brier Creek is located in the heart of the Triangle, right between Raleigh and Durham and just a few miles North of the Cary and Apex areas. This fast-growing neighborhood is home to thousands of single-family homes and condominiums. With easy access to RDU, it is one of the best locations to live. 

This neighborhood is famous for young professionals, older adults, and families. Located in Wake County, this area is highly sought after by families due to the highly rated public schools. Homes in Brier Creek have a median home price of $904,274 and are one of the most expensive neighborhoods in Raleigh. 

If you are looking for a centrally located neighborhood in the heart of it all, searching for homes for sale in Brier Creek may be perfect for you. 

8. Avalaire

Avalaire is a neighborhood in North Raleigh known for its larger custom estate homes built by local custom builders.

Near everything but still offering a small-town feel, Avalaire has proximity to so many things, making life here easy and peaceful. With stunning homes and a welcoming community, this neighborhood is highly sought-after. 

Avalaire is one of the best neighborhoods for families in North Carolina due to the area's strong schools and the larger homes that provide all the space you need. If you are searching for a place to call your forever home, Avalaire may be the location to settle down. 

9. North Hills

North Hills is developing rapidly and is a growing neighborhood attracting many people to the area. Located just North of the beltline, North Hills is an excellent area for anyone moving to Raleigh as well as one of the best family-friendly neighborhoods. With the great schools and easy access to many things, this is a perfect location to live in Raleigh. 

North Hills offers some of the best attractions if you love the outdoors, shopping, or golfing. With many other reasons to love this neighborhood, you have easy access to plenty of things to do.

With a median home price of $539,785, homes here offer unique qualities that are different and beautiful compared to other neighborhoods nearby. North Hills is the perfect destination for young families, older adults, and young professionals. This is a growing area, so if you are searching for a trending place to live, look at homes available in North Hills. 

10. Hayes Barton

Hayes Baron is one of the most popular and expensive places to live in Raleigh. With larger homes and lots, the median home price is $1.3 million. With the desirability of this great location, homes tend to be more expensive than others in the area. 

The neighborhood's rich history, mature trees, larger homes, and yards are a few reasons why people love this peaceful and beautiful neighborhood. Being a place close to many businesses and parks, homes tend to cost over a million dollars because of the high demand for the location. 

If you are looking for a peaceful, beautiful, and unique home in Downtown Raleigh, check out the gorgeous homes available in Hayes Barton. 

FAQS

What is the healthiest part of Raleigh?

The most expensive area in Raleigh is the zipcode 27608, which covers the Five Points and Oberlin communities North of downtown. Homes here vary in price and have been up 10% year over year. 

What is the most upscale area in Raleigh?

Six Forks has been known as one of Raleigh's most expensive neighborhoods. Homes in this area have three to five bedrooms and large lots. This area is also more costly than many other areas in the country and is one of the best places to live in North Carolina. 

What is the safest suburb of Raleigh?

The best and safest parts of Raleigh vary depending on the type of area you are searching to live in. Overall, North Raleigh, which has neighborhoods like North Hills, Wakefield, and Crossroads, tends to be the safest. 

How much money do I need to make to live in Raleigh?

The median income in Raleigh is about $40,520, with the cost of living in Raleigh being below the national average. Generally, the number of people who can live comfortably in Raleigh varies depending on your family's size and location. 

Most Expensive Neighborhoods in Raleigh, NC - The Bottom Line

Luxury homebuyers in Raleigh have a wide range of options available to them. The choices are varied from elegant historic homes to spacious modern properties in downtown or forested areas. Luxury properties comprise around 10% of the local market and are known for their extravagant designs and latest smart home technologies.

Raleigh is a hub for various technology companies, academic institutions, and agriculture industries. This means that no matter your career, Raleigh has something to offer. Each neighborhood in Raleigh has its unique charm and character, catering to different tastes and preferences.

Raleigh is a highly diverse city with prime locations. It has experienced considerable growth recently and is expected to continue growing. The city has so much to offer every resident, regardless of location. Therefore, moving to Raleigh is a popular decision and a forever home for many.

If you are considering moving, contact us or visit our website. Our team at Raleigh Realty is here to help you with any home buying or selling needs.