What Is The Average Home Price In Cary NC?
Cary NC is a town located in The Research Triangle Park of North Carolina. Because it is one of the fastest-growing municipalities in the US, many people are interested in finding out why so many are drawn to the area. Aside from the fact that the Research Park offers countless job and educational opportunities, the area boasts tons of attractions, entertainment, shopping, and dining. But if you are thinking about relocating to the city, you might be curious about home prices in the area? What is the average home price in Cary NC? Let’s find out!
Before we talk about prices, you should know that Cary is one of the hottest towns in the East. Its neighborhoods are continuously growing, and they offer top amenities for all residents. Everyone can feel at home in the sprawling communities of Cary NC, which provide a high quality of living. The city is continuously building and developing to accommodate its growing population and ensure that everyone can live comfortably within its borders.
Because the city excels in many aspects, and because it is one of the safest towns in the US, the cost of living in Cary NC is higher compared to neighboring cities. The cost of living is about 15% higher than the national average. Most notably, home prices in Cary NC, are situated in the upper range, and home types range from single-family homes to condos and townhomes.
According to Zillow, the most recent data shows that the median home value in Cary North Carolina is around $400,000. Compared to the national median home value of $230,000, home prices in Cary are about 57% higher. Even though home prices are slightly higher than you might expect, many people argue that the benefits of living in Cary NC offset the expensive housing market.
The city's safety, along with the family-friendly environment, makes it a great place to raise a family. The extensive research park offers countless job opportunities and high pay that compensates for the increased expenses. With the help of professional realtors in Cary NC you can easily get into the housing market and find the options that suit you best. After you landed a great deal on your dream home, you can enjoy the quality of life provided by one of the best towns in the US.
Popular Real Estate Questions
Popular Real Estate Glossary Terms
Need to understand what is a real estate contingency? In general, a contingency is a condition for something to happen, so the real estate contingency definition relates to provisions ...
Ownership interest in property that is above the minimum needed to meet uncertainties or a downward trend in real estate market. ...
Refinancing seems easy to understand but is it really? Here’s a lengthy refinancing definition so you can make up your mind once and for all regarding the exquisiteness of the ...
Some real estate sales require court confirmation of purchase to protect heirs and debtors from financial wrongs. These sellers have to sell their property due to unique circumstances. They ...
Waste matter carried off through a series of conduits to a waste disposal facility. ...
Indicators reflecting future changes in economic conditions; referred to as the Composite Index of 11 Leading Indicators. This index indicates the direction of the economy in the next six ...
When you hear a real estate agent talking about a client that's an empty nester, it means said client suffers from empty nest syndrome. But what is Empty nest syndrome? Empty nest ...
Highest amount a property is worth equal to the amount that would have to be paid to buy equivalent property in the market place. ...
An equity-to-value ratio is an excellent tool for those homebuyers that want to understand how profitable an investment is based on the amount of money invested and the actual value of the ...
Have a question or comment?
We're here to help.