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Raleigh Homeowners Insurance Rate Quotes

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There is a small decline of home prices in Raleigh, influenced by problems faced by the housing market in general. In November 2008, the median price of homes is $143,000, quite affordable compared to other large cities in the region and lower compared to the average home price in 2007, which is pegged at $292,131. There is a high inventory of homes on sale in Raleigh and a greater percentage of them are resold houses. Next in line are newly constructed houses while foreclosed properties are estimated to be more than 300 during the first weeks of January 2009. There is also a 7% vacancy rate in Raleigh, with its occupancy rate favoring more permanent homeowners than renters. The average rate for renting apartments in the city is $660, with upscale properties charging up to $799 a month. Though there is an expected decline in the housing market in Raleigh, city managers and housing experts are still expressing optimism for future market conditions.

Raleigh, North Carolina - City of Oaks

Raleigh is the state capital of North Carolina as well as the seat of Wake County. With an estimated population of more than 380,000, it is the second most populous city in the state, after Charlotte. Taken into consideration those living in the Raleigh-Cary Metropolitan area, there is an estimated population of a little more than a million people. The past few decades has seen rapid economic development in the city itself, with the biotechnology and high-technology industries being major players. Raleigh is a proud member of the North Carolina’s Research Triangle, where most of the research parks and research centers are concentrated. A great number of companies in the city are service-oriented, though there are also healthy numbers of companies belonging to the telecommunications and retail sectors. The city is also considered one of the safest to live in the region, with the rate of violent crimes decreasing steadily. There are several higher education facilities in the city, including the North Carolina State University, the Wake Technical Community College, the Meredith College, the Shaw University, and Peace College.

Most people stay with the same homeowners insurance company their entire life. You could be paying too much unless your insurance company has customer loyalty discounts. To save money, you should shop your rates around periodically. We can help. If you live in Raleigh, North Carolina and would like to compare your homeowners insurance rates, enter your zip code above and click the go button. We will help you find cheap homeowners insurance rates. Best of all - it's free!


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