Introducing Cary

Cary, NC Real Estate Market

Moderate Growth and Disciplined Building

Not every market follows national real estate trends, and Cary, NC is one of those exceptions. A 2007 Forbes Magazine article named the Raleigh market one of the strongest in the nation. In fact, the Raleigh market was ranked #1 in Forbe's list of "Top Home Sellers' Markets." According to the article, our housing market is strong due to moderate growth and disciplined building over the last five years. This prevented the Raleigh market from developing a significant glut. Wake County, home to Cary, also benefits from a strong local economy. These factors combined make Cary, NC an excellent place for the purchase of your new luxury home.

Strong Populartion Growth

Another 2007 Forbes Magazine article, Ten Rising-In-Value Real Estate Markets, had this to say, "In a study predicting population growth through 2020, Wharton professors Albert Saiz and Peter Linneman name the I-85 corridor between Raleigh, NC and Atlanta as having the greatest potential for future growth because of their long stretches of good weather. Americans are increasingly prioritizing such quality-of-life factors in their decisions about where to live. And where the people go, the job markets now follow."

Best Place To Live

Cary is the second largest city in Wake County (population 122,000) and was recognized by Money Magazine as one of the Best Small Cities in America, ranking fifth on the magazine's 2006 list of Best Places to Live. Cary is an active community located in the heart of the Triangle between Raleigh and Research Triangle Park.

The town is consistently recognized among the top regions in the country to work, raise a family or retire. Due to a very low crime rate, Cary was recognized as the safest city in North Carolina, the safest city in the Southeast, and the sixth safest city in America.

Cary is an affluent community noted for having a higher median household income than any other city in Wake County. The 7th largest city in the state, Cary has over three times as many households with incomes over $100,000 than North Carolina in general.

Population

According to a 2007 population report prepared by the Town of Cary Planning Department, the median age of the Cary population is 34 years old. Approximately 69 percent of Cary's population is 20 years old or older. School-age children (ages 5-19) account for approximately 23 percent of the population. The fastest growing segment of the Cary population in the 1990s was the "retirement age" population, or those citizens over 65 years old. This age group increased by 160 percent from 1990 to 2000.

Employment and Education

Cary is attractive to many educated relocating professionals from the North and all over the globe due to its proximity to the Research Triangle Park (RTP). RTP as well as many other localities are home to biotech, pharmaceutical and high tech companies. In addition, Cary is located near excellent higher education opportunities including Duke University, NC State, the University of North Carolina at Chapel Hill, and Meredith College.