Raleigh Real Estate Market Overview
Average Monthly Rent:
$1,165
Percentage Change in Home Price/Value:
6.20%
Median Home Value:
$277,400
Best Time To Sell Home:
June
Affordability Index:
162.4
Days To Sell House:
51.75
Job Market:
Strong
Public School Ranking:
31
Location and Weather
Located in east-central North Carolina where the hilly Piedmont region meets the coastal plain, Raleigh has an average temperature of 40 degrees in the winter and 78 degrees in the summer. Snowfall is light with an average of 7.9 inches a year giving the city a mild winter.
Population, Job Market and Cost of Living
In addition to its natural beauty, Raleigh is one of the fastest growing metropolitan areas in the U.S. with a population growth rate of 3.4% a year. As a result, the job market has experienced a robust growth of 2.6%. and it’s growing. It has a friendly, diverse and educated population with many outdoor activities.
This tri-city region (known as the Triangle) hosts some 250 tech and scientific businesses. The city has welcomed businesses for years leading to the need for highly specialized tech pros, including data analysts and software engineers.
With a mild winter, tech-friendly reputation, strong job growth and high quality of life, Raleigh will continue to attract job seekers who want a great quality of living.
