Much like its nearby areas, it's a lot less expensive compared to the rest of the country. It's substantially less expensive compared to the city of Raleigh.
Home prices
The cost of the median home in Raeford is $111,500. In comparison to nearby areas this is roughly $5,180 (4%) lower.It is roughly $106,000 (48%) lower in comparison to the US as a whole, and it is approximately $136,800 (55%) lower compared to the city of Raleigh.
Rents
In Raeford the median monthly rent is $753. It is approximately $142 (15%) lower in comparison to other places in this area.It is approximately $309 (29%) lower in comparison to the entire nation, and is roughly $368 (32%) lower compared to the city of Raleigh.
Nearby places
Silver City
Silver City is Raeford's neighbor to the north. Its housing prices are a little less expensive. The value of the median home in Silver City is $87,000, which comes out to $24,500 (28%) lower than Raeford. Rents there are somewhat more expensive. The median monthly rent in Silver City is $810, which works out to $57 (7%) higher than Raeford.
Bowmore
Bowmore is roughly 4 miles southwest of Raeford. The housing prices there are a little less expensive. The price of the median home in Bowmore is $105,400, which comes out to $6,100 (5%) lower than Raeford. Rents there are a bit less expensive. Bowmore's median monthly rent is $673, which comes out to $80 (11%) lower than Raeford.
Five Points
Five Points is about 6 miles west from Raeford. Its real estate prices are a lot more expensive. The median home price in Five Points is $170,500, which comes out to $59,000 (34%) higher than Raeford. Its rents are somewhat more expensive. The median monthly rent in Five Points is $1,067, which comes out to $314 (29%) higher than Raeford.
Rockfish
Rockfish is roughly 7 miles east from Raeford. Real estate prices there are a little more expensive. The median home value in Rockfish is $137,900, which comes out to $26,400 (19%) higher than Raeford. Its rents are a lot more expensive. Rockfish's median monthly rent is $1,158, which comes out to $405 (34%) higher than Raeford.
Wagram
Wagram is roughly 9 miles southwest of Raeford. Housing prices there are a lot less expensive. The median home in Wagram costs $82,600, which is $28,900 (34%) lower than Raeford. Rent there is pretty similar. Wagram's median monthly rent is $766, which is $13 (1%) higher than Raeford.
