Similar to the surrounding areas, it is a lot less expensive compared to the nation as a whole. It's significantly less expensive compared to the city of Raleigh.
Home prices
The median home in Glen Raven is valued at $145,500. This is approximately $7,060 (4%) lower in comparison to its surrounding areas.Compared to the country as a whole it is about $72,000 (33%) lower, and it is approximately $102,800 (41%) lower compared to the city of Raleigh.
Rents
Glen Raven's median rent is $837 per month. It is is very similar in comparison to other places in this area.In comparison to the country as a whole it is approximately $225 (21%) lower, and in comparison to the city of Raleigh it is approximately $284 (25%) lower.
Nearby places
Elon
Elon is Glen Raven's neighbor to the southwest. Its real estate prices are a lot more expensive. The median home in Elon costs $253,500, which comes out to $108,000 (42%) higher than Glen Raven. Rent there is a lot more expensive. The median rent in Elon is $1,287 a month, which comes out to $450 (34%) higher than Glen Raven.
Burlington
Burlington is Glen Raven's neighbor to the south. The real estate prices there are a bit less expensive. Burlington's median home value is $134,100, which comes out to $11,400 (8%) lower than Glen Raven. Rents there are similar. Burlington's median monthly rent is $816, which comes out to $21 (2%) lower than Glen Raven.
Ossipee
Ossipee is roughly 3 miles northwest from Glen Raven. Real estate prices there are substantially less expensive. Ossipee's median home value is $102,200, which comes out to $43,300 (42%) lower than Glen Raven. The rent there is significantly less expensive. Ossipee's median monthly rent is $630, which works out to $207 (32%) lower than Glen Raven.
Gibsonville
Gibsonville is approximately 4 miles southwest of Glen Raven. Housing prices there are a little more expensive. The median home cost in Gibsonville is $174,000, which works out to $28,500 (16%) higher than Glen Raven. Rent there is fairly similar. In Gibsonville the median rent is $807 a month, which comes out to $30 (3%) lower than Glen Raven.
Haw River
Haw River is roughly 5 miles southeast of Glen Raven. Housing prices there are significantly less expensive. The median home in Haw River costs $99,000, which works out to $46,500 (46%) lower than Glen Raven. The rent there is a bit less expensive. Haw River's median monthly rent is $648, which is $189 (29%) lower than Glen Raven.
