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Capital District

Capital District

$579,784 Average Value
$471 Average Price per Sq Ft
33 Homes For Sale

Raleigh's buzzy urban core has many cultural amenities

The Capital District offers urban living in the heart of downtown Raleigh. People living here are within walking distance of the city's many museums, restaurants, bars and concert venues. And, with many GoRaleigh bus stops and an Amtrak station in the neighborhood, there are even more options for getting around. The Capital District's many apartment buildings accommodate renters, but modern condos and townhouses also come up for sale. Plus, highly rated Wake County public schools and several universities are in or near downtown.

Modern condos and some older homes downtown

Apartments make up most of the living spaces in the Capital District, and over 80% of residents here are renters. For buyers, townhouses and ultramodern, high-rise condos are common. There is, however, a handful of single-family homes, including American Foursquare and Colonial Revival styles from the early 1900s. "We have an incredible housing diversity, says Erica Sizemore, broker/owner at Keller Williams Raleigh.

Some of the colonial-style homes in the Capital District were built as early as 1909.
Some of the colonial-style homes in the Capital District were built as early as 1909.
Larger colonial-style homes are also nearby.
Larger colonial-style homes are also nearby.
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Cost of buying a property in the Capital District

Properties in the Capital District typically range from the mid-$300,000s to the upper $900,000s. Some residences, including recently built luxury townhouses, can go for over $1 million. "Certainly, just like any town, the more central you go, the prices do get higher," Sizemore says.

The Capital District has a median sale price in the mid-$400,000s, which is on par with the city's overall median price. That price is also lower than the median in more residential neighborhoods nearby, such as Oakwood and Boylan Heights.

Things to do in the Capital District include museums

There's plenty to do in the Capital District. You can take a stroll through one of many museums, such as the North Carolina Museum of Natural Sciences, or pick up lunch at one of the area's many restaurants. Moore Square is another hotspot, holding music festivals, markets and movie nights. "It's a great spot to feel like you've stepped out of the city," says Ryan Sabatini, Broker with Rich Realty Group, who has been selling in the area since 2021. At night, you can walk to nearby Glenwood South for barhopping or check out concerts and events at venues like Red Hat Amphitheater or the Martin Marietta Center for the Performing Arts.

The Raleigh Convention Center hosts large events in the Capital District.
The Raleigh Convention Center hosts large events in the Capital District.
Red Hat Amphitheater has outdoor concerts in the Capital District.
Red Hat Amphitheater has outdoor concerts in the Capital District.
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Diverse dining options are throughout the Capital District

Downtown's many restaurants and hangout spots cater to any occasion, from relaxed mornings with a cup of coffee to Friday night outings and upscale date nights. Some popular establishments here include:

  • Taverna Agora Greek Kitchen & Bar, a Greek restaurant with a rooftop patio
  • Longleaf Swine, a modern barbecue spot with outdoor seating
  • Morning Times, a rustic coffee and pastry shop with exposed brick walls
  • Watts & Ward, a spacious basement bar with eclectic decor and leather couches

Taverna Agora Greek Kitchen is a popular gathering spot in the Capital District.
Taverna Agora Greek Kitchen is a popular gathering spot in the Capital District.
Publix is in downtown Raleigh.
Publix is in downtown Raleigh.
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The Capital District has an urban, walkable vibe

The Capital District has gridded streets and high-rises that give it an urban feel. Although it's not highly residential, the area's walkability to bars, restaurants and employers make it a popular spot for young professionals. The area has plenty of apartment buildings and condos, as well as a small number of single-family homes, that accommodate buyers and renters seeking a downtown feel.

Wake County schools and several nearby universities

The Wake County Public School System serves students in the area. Kids may begin at Wiley Magnet Elementary School or Conn Magnet Elementary School before continuing to Oberlin Magnet Middle School and Broughton Magnet High School. All of these schools earn high ratings from Niche. "Raleigh has some really great schools," Sabatini says. "Especially the ones that are close to downtown."

There are many options for higher education nearby. North Carolina State University, a large public school with nearly 40,000 students, is about 2 miles west. Smaller schools, such as Shaw University, Saint Augustine's University and William Peace University, are also nearby.

Wiley Elementary provides education for Capital District residents.
Wiley Elementary provides education for Capital District residents.
Broughton High School is located in the nearby Village District.
Broughton High School is located in the nearby Village District.
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Getting around downtown Raleigh and the region

In addition to walking, there are plenty of other ways to get around the Capital District. Bike lanes are along major roads like Morgan and Person streets, and GoRaleigh bus stops are on nearly every street corner. For trips around the region, nearby interstates 40 and 440 connect around Raleigh and to nearby cities like Durham.

Faith Wakefield
Written By
Faith Wakefield
Bryan Regan
Photography Contributed By
Bryan Regan
Emily McNamara
Video By
Emily McNamara

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Parks in this Area

Transit

Airport

Raleigh-Durham International

24 min drive

Bus

Wilmington St & Polk St

Bus

Wilmington St & Jones St (R7)

Bus

Wilmington St & Davie St (R4)

Bus

E Peace St & N Blount St

Bus

N Wilmington St & North St (R8)

Bus

W Edenton St & S Harrington St

Bus

Salisbury St & W Morgan St

Reviews

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Crime and Safety

1 - Low Crime, 10 - High Crime Capital District US
Homicide 6 4
Sexual Assault 7 4
Assault with Weapon 6 4
Robbery 5 4
Burglary 9 4
Motor Vehicle Theft 9 4
Larceny 9 4
Crime Score 6 4

Source: WhatIsMyCrimeRisk.com

Neighborhood Facts

Number of Homes
744
Number of Homes for Sale
33
Median Year Built
2008
Months of Supply
13.20
Average Single Family Home Size Sq Ft
1,593
Below the national average
1,931
Average Townhouse Size Sq Ft
1,850
Average 2 Bedroom Size Sq Ft
1,426
Average 1 Bedroom Size Sq Ft
1,004
Median Lot Size Sq Ft
7,405

Open Houses

  • Saturday, Apr 18
    1 - 4pm

    501 N Person St Unit 207, Raleigh, NC 27604

    $650,000

    • 3 Beds
    • 2.5 Baths
    • 2,272 Sq Ft
    • 501 N Person St
    • Unit 207
    • New 12 days ago

    Welcome to 501 N Person Street #207--an exceptional opportunity to experience elevated urban living in one of Raleigh's most vibrant and sought-after locations. Situated just steps fromDowntown Raleigh and the Seaboard + Person street district, this spacious 3-bedroom, 2.5-bathroom condominium offers approximately 2,272 square feet of thoughtfully designed living space, blending modern

    Ruby Henderson Keller Williams Realty

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Distribution of Home Values

Source: Public Records

Homes for Sale

Homes for Rent

Condo Buildings

Average Home Value





Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Renters

Rental Home Trends

Number of Homes for Rent
10
Median Rent
$1,935
Median Single Family Home Rent
$2,100
Median 3 Bedroom Single Family Home Rent
$2,300
Median Townhouse Rent
$1,798
Median 3 Bedroom Townhouse Rent
$2,748
Median Condo Rent
$2,250
Median 2 Bedroom Condo Rent
$2,599

Demographics

Total Population
5,488
Median Age
36
Population Density
14 ppl/acre
Population under 18
13.7%
Below the national average
23.8%
Population over 65
7.1%
Below the national average
19.1%

Finances

Median Household Income
$108,453
Significantly above the national average
$79,601
Average Household Income
$137,022

Education and Workforce

High School Graduates
94.2%
College Graduates
69%
Significantly above the national average
34.1%
Advanced Degrees
30.6%
Above the national average
13.3%
% Population in Labor Force
68.9%

Weather

Annual Precipitation
46''
Average Winter Low Temperature
32°F
Average Summer High Temperature
90°F
Annual Snowfall
0''

Area Factors

Moderately friendly

Bike Score®

60 / 100

Very friendly

Walk Score®

80 / 100

Very friendly

Transit Score®

80 / 100
Source: Local Logic
Sources: Local Logic

Local Logic measures the walkability, access to public transit and bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Nearby Neighborhoods

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
NEIGHBORHOOD
Capital District