$511,447Average Value$381Average Price per Sq Ft26Homes For Sale
New homes and new restaurants meet a rich history in southeast Raleigh
About a mile east of downtown is Olde East Raleigh, a residential community in a changing urban landscape. The neighborhood is recognized as part of the East Raleigh-South Park Historic District, which has been a thriving hub for the city’s African American population since the 19th century. As Raleigh continues to grow, efforts have been made to preserve the neighborhood’s history as new housing and commercial developments have been creeping into the area. “A lot of people move to this area knowing it's constantly evolving and changing, and they want to embrace that change,” says Johnny Chappell, a local broker with Chappell Residential. “They want to be able to walk out of their door one day and see that there’s a new coffee shop coming to the neighborhood or a new townhouse community being built.”
Families, young professionals and downsizers alike have all found reasons to choose this trendy neighborhood near Raleigh’s city center. “This is downtown living without the downtown congestion,” says Jess Kleean, a Raleigh resident and marketing manager at Chappell Residential. “You’re not dealing with the traffic or the true hustle and bustle of a downtown urban area, but you’re still getting every single benefit of it.”
Olde East Raleigh is a walkable neighborhood close to downtown.
Olde East Raleigh has plenty of green space and parks to play and relax.
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Contemporary new builds and classic cottages
The streets of Olde East Raleigh lie along a gentle slope, with small grassy buffers between the sidewalks and roads. Above the cars parked along the narrow streets, telephone poles tower and the mature oaks that Raleigh is known for offer their shade. Raleigh’s population boom is visible in the homes of Olde East Raleigh, where recently built condos sit directly next to hundred-year-old cottages and single-family homes that are still under construction. About two-thirds of residents in this neighborhood rent their homes, but that demographic appears to be swaying toward an increase in owners as more people moving to Raleigh seek out this area for its proximity to downtown. Some early- to mid-20th-century cottages and bungalows can be found for roughly $200,000 to $300,000, but most are teardowns to make way for new construction homes. Black-and-white contemporary home styles are the latest trend here, but some Craftsman and farmhouse-inspired remodels retain the neighborhood’s historic character. “You’re going to pay a little more for your house in Olde East than somewhere south of Martin Luther King Jr. Boulevard,” Chappell notes, citing the walkability to downtown. While townhouses and condos are priced from $400,000 to $900,000, new and remodeled single-family homes start at $550,000 and can climb above the $1 million mark.
Black-and-white contemporary home styles are the latest trend in Olde East Raleigh.
The streets of Olde East Raleigh lie along a gentle slope, with small grassy buffers between the sidewalks and roads.
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Hip food halls and neighborhood watering holes
Although most restaurants are a short walk away in Downtown Raleigh, Olde East is also home to a handful of eateries. “Transfer Co. Food Hall used to be an old, boarded-up warehouse that they renovated so that it would be a place where the community could gather and engage and eat, which has worked really well,” Chappell says. Among the food hall’s vendors, Benchwarmers Bagels is popular for its breakfast sandwiches served on wood-fired bagels, while Burial Beer Co. is known for its American IPAs poured in its sleek taproom. Other dining options span burgers and burritos to sushi and empanadas, with cookies and ice cream as a post-meal treat. Other local watering holes include Roshambo Beverage Co., where patrons can play pinball or grab a six-pack to-go, and the Raleigh Wine Shop. Hady’s Restaurant International Cuisine is a local favorite for African fare, and its colorful, mural-adorned interior makes for a family friendly atmosphere. Boutique shopping and local grocer Weaver Street Market can be found downtown, and there’s a Food Lion about 2 miles south on Rock Quarry Road.
Burgers, burritos, sushi and empanadas can all be found at Transfer Co. Food Hall in Olde East Raleigh.
Burial Beer Co. is known for its American IPAs poured in its sleek taproom in Old East Raleigh.
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John Chavis Memorial Park gets new upgrades and preserves its past
Olde East Raleigh is home to John Chavis Memorial Park, which has served the community since 1937. The park is listed on the National Register of Historic Places due to its significance to Raleigh’s African American community in the early 20th century as a segregated recreation facility. Black families from across the state traveled to the park, as it was one of few that was built specifically for African Americans in North Carolina. Although the park is now enjoyed by a diverse range of residents, the public “Past to Present” exhibit pays homage to its storied past. Among the park’s most notable attractions is a historic Allen Herschell carousel that has given rides to generations of Olde East Raleigh children. A recently renovated community center offers after-school programs and open-play sports, as well as seasonal celebrations and English language classes. Along with a playground, splash pad and outdoor sporting facilities, the park is also home to the Little Rock Trail, a shaded path that connects to the greater Capitol Area Greenway. Numerous smaller pocket parks are also scattered across the neighborhood, and more local history can be found at the “Centuries in the Making” exhibit at John P. “Top” Greene Community Center.
Come take a ride on the historic Carousel in Olde East.
Little Rock Trail is a shaded path in Olde East Raleigh that's great for running and walking.
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Highly rated Wake County Schools with magnet programs
Wake County Schools serves Olde East Raleigh, with most of the neighborhood zoned to Hunter Magnet Elementary and Ligon Magnet Middle, which both score an A grade from Niche. Enloe Magnet High receives an A-plus and is ranked by Niche as the No. 2 best magnet high school in Raleigh. It has a gifted and talented program and the International Baccalaureate Diploma Programme, as well as an Academy of Creative Design and a Medical Bioscience Academy. Olde East Raleigh is also near Shaw University, which is the oldest historically black university in the South.
Enloe High School in Olde East Raleigh score an A grade from Niche.
Olde East Raleigh is also near Shaw University, which is the oldest historically black university in the South.
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Hundred-year-old churches are community hubs
Some of the churches in Olde East Raleigh and the surrounding streets have been a part of the community for decades. Others, such as Davie Street Presbyterian and Tupper Memorial Baptist, have even been around for over a century. These churches served the African American community of Olde East Raleigh throughout the 20th century and continue to be cultural hubs today.
Olde East Raleigh has a high concentration of churches.
Smith Temple Baptist Church in Old East Raleigh has been serving the neighborhood since 1953.
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About a mile from Downtown Raleigh
Olde East Raleigh is walkable and bikeable, thanks to bike lanes along many of the neighborhood’s busiest roads, such as Martin Luther King Jr. Boulevard and New Bern Avenue. GoRaleigh buses also have stops throughout the area. Downtown Raleigh is between 1 to 2 miles west, and Interstate 40 and U.S. Route 401 both have entrances within a couple of miles. Raleigh-Durham International Airport is about 20 miles northwest and WakeMed Raleigh Campus is around 3 miles east.
Olde East Raleigh is walkable and bikeable to downtown Raleigh where many festivals take place.
Interstate 40 and U.S. Route 401 both have entrances within a couple of miles of Old East Raleigh.
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
Interested in learning more about homes in this area?
Reach out to
Jason Pittman,
an experienced agent in this neighborhood.
Parks in this Area
Davie Street Park
Basketball
Grills
Picnic Area
John Chavis Memorial Park
Baseball/Softball
Basketball
Picnic Area
Little Rock Trail
Transit
Airport
Raleigh-Durham International
26 min drive
Bus
Lenoir St & Coleman St
Bus
S Tarboro Rd & E Hargett St (Sb)
Bus
Martin Luther King Jr Blvd & Coleman St (Wb)
Bus
S Tarboro Rd & E Martin St
Bus
S State St & Tipton St
Bus
New Bern Ave & S Swain St
Bus
E Hargett St & S State St
Crime and Safety
1 - Low Crime, 10 - High Crime
Olde East Raleigh
US
Homicide
6
4
Sexual Assault
5
4
Assault with Weapon
5
4
Robbery
6
4
Burglary
6
4
Motor Vehicle Theft
6
4
Larceny
6
4
Crime Score
6
4
Source: WhatIsMyCrimeRisk.com
Demographics and Home Trends
On average, homes in Olde East Raleigh, Raleigh sell after 46 days on the market compared to the national average of 47 days. The average sale price for homes in Olde East Raleigh, Raleigh over the last 12 months is $534,584, down 4% from the average home sale price over the previous 12 months.
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Interested in learning more about homes in this area?
Reach out to
Jason Pittman,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Renters
Demographics
Total Population
4,880
Median Age
38
Population under 18
19.9%
On par with the national average
23.8%
Population over 65
9.5%
Below the national average
19.1%
Finances
Median Household Income
$34,846
Significantly below the national average
$71,702
Average Household Income
$68,771
Education and Workforce
High School Graduates
78.6%
College Graduates
18.5%
Below the national average
34.1%
Advanced Degrees
4.6%
% Population in Labor Force
45.4%
Below the national average
65.1%
Weather
Annual Precipitation
46''
Average Winter Low Temperature
32°F
Average Summer High Temperature
90°F
Annual Snowfall
0''
Area Factors
Bikeable
Bike Score®
51/ 100
Somewhat Walkable
Walk Score®
53/ 100
Good Transit
Transit Score®
64/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
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.
