Here’s Why You’re Probably Paying Too Much
Let’s get straight to it—if you’re renting in Raleigh in 2025, you’re probably overpaying.
You’re not alone. Across the Triangle, first-time buyers are doing the math and realizing that their rent isn’t just high—it’s higher than many mortgages.
🔥 Rent in Raleigh Has Jumped 16% Since 2021
According to Rent.com, the average rent in Raleigh is $1,653, up 16% since 2021.
Breakdown:
- 1-bedrooms now average $1,479
- 2-bedrooms average $1,672
- Some 3-bed units range from $1,850–$2,300/month depending on location
If you’re paying anything close to that, you’re already spending enough to cover a mortgage.
🧮 But It’s Not Just the Monthly Payment
Renters often ask, “Wouldn’t my mortgage be just as high—or worse?”
Maybe. But here’s the difference:
- Rent money is gone. Forever.
- Mortgage money builds equity. You keep it.
- Rents rise. Mortgages stay fixed.
A mortgage payment on a home might match your rent—but with tax benefits, stability, and long-term wealth potential.
And with first-time buyer programs in NC (some with down payment assistance), the barrier to entry isn’t as high as people think.
😡 Raleigh Renters Are Frustrated
We’re hearing it in their own words:
“I’m paying more in rent than I can afford and worried about future increases.”
— Raleigh Reddit user, 2024
“Our landlord raised rent $250 with 30 days’ notice—right after we asked about buying.”
— Apex tenant, shared on BiggerPockets
This frustration is exactly what’s driving renters to explore ownership. It’s not just about money—it’s about control.
🧠 What You Can Do (Even If You’re Not Ready Today)
If you’re paying $1,500+ a month and aren’t actively building toward homeownership, it’s time to run the numbers. Not to buy tomorrow—but to have a plan.
I help first-time buyers across Raleigh:
- See what’s possible (even with low savings or average credit)
- Compare real rent vs. mortgage numbers
- Tap into local assistance programs most people never hear about
📘 Ready to See How It Could Work for You?
Download my free Homebuyer’s Guide—customized for first-time buyers in North Carolina.
No fluff. Just straight answers to the questions every renter is secretly asking.
Michael Wolff helps first-time homebuyers navigate the Raleigh-Durham real estate market with clarity, strategy, and confidence. He believes you don’t need to be an expert to become a homeowner — you just need the right guide.
