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
Privilege of a real estate investor or lender to participate in the profitability generated from property. This is in addition to any principal, interest, or dividends. ...
Street having access only at one end and terminating with a circular turnaround area. The circular area permits automobiles to exit the street without having to use a home's driveway to ...
Everyone knows what is a retirement home, but if we were to give our best most concise retirement home definition it would be of something like: real estate facilities that cater to retired ...
Also know as Fannie Mae, the FNMA accept bids from approved lenders as to the amount, price and terms wish to sell Fannie Mae. Upon deciding how much money it will spend during a given time ...
See common law. ...
Lack of supply of real property. When demand exceeds supply, price of the property goes up. For example, if there are only a few homes in a town that everyone desires to reside in, the ...
Implied assurance from a landlord to a prospective tenant that an apartment is safe and void of health problems. ...
Government compensation to farmers not to grow products to preserve the land and maintain stable agricultural products. ...
Loss arising from the partial or complete destruction of property resulting from circumstances of a sudden, unanticipated or unusual nature. For example, fires, storms and floods to real ...
Have a question or comment?
We're here to help.