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2316 Bedford Ave, Raleigh, NC, 27607

2beds
1baths
779sqft
$575,000
$738price/sqft
$3,691/moest. monthly cost
$147,640/yrincome needed

About This Home

An Inside the Beltline investment opportunity in Raleigh's coveted Village District. 2316 Bedford Avenue is a level 0.13 acre lot anchored by an existing two-bedroom, one-bath bungalow with approximately 1,000 square feet of livable space and generous off-street parking. The footprint accommodates a thoughtful refresh, a tailored renovation, or a steady rental hold, while the lot itself supports a complete rebuild for the buyer ready to build to suit. Beyond the front door, the Village District unfolds into the shops, restaurants, and gathering spaces of Cameron Village, with NC State, downtown Raleigh, and Glenwood South all within a short drive. Tree-lined streets, established homes, and a steady stream of nearby amenities make this corner of the city one of Raleigh's most enduring addresses. Inside the Beltline lots and addresses of this caliber rarely come to market in the Village District. For buyers, investors, and builders seeking a Village District position with optionality, this Bedford Avenue opportunity delivers.

Getting Around

76
WalkingVery Walkable
47
TransitSome Transit
79
BikeVery Bikeable

Schools

6/10
Olds ElementaryGrades PK-50.6 mi
6/10
Martin MiddleGrades 6-81.7 mi
7/10
Needham Broughton HighGrades 9-120.8 mi

Construction

Condition

  • Year built: 1950

Materials

  • Foundation: Block
  • Roof: Shingle
  • Construction materials: Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch, Traditional
  • Property subType: Single Family Residence,Residential

Interior

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Flooring: Hardwood
  • Finished area below ground: 0
  • Finished area above ground: 779

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 779
  • Total interior livable area: 779 sqft

Property

Details

  • Parcel number: 079416943025000 0061656
  • Zoning: R-10
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 1
  • Has view: Yes

Lot

  • Lot size: 5,662 sqft

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Hail
Heat Wave
Tornado

FEMA Declared Disasters in Wake County and North Carolina

Flood
Hurricane
Mud Landslide
Severe Storm
Tropical Depression
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,907$34,884
Home Insurance *$168$2,016
Property Taxes $416$4,992
Electricity $200$2,405
Total$3,691$44,292
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$126,548/yr
40% on housing$110,730/yr
45% on housing$98,426/yr

North Carolina FAIR Plan Programs

North Carolina Joint Underwriting Association - FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

NCIUA - Coastal Property Insurance Pool (CPIP)

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 235,990Commercial: 10,165
Total Premiums$278.20M
Total Exposure$57.33B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.2%
9.2%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: 4.6%
4.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$738This listing

vs Other Active Listings

Avg $/sqft

ZIP 27607$385
Wake County$220

vs Homes Sold Last Month

Median $/sqft

ZIP 27607$337
Wake County$224

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-05Listed for sale$625,000

For Sale by Agent

AgentGretchen Coley
BrokerageCompass -- Raleigh

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