Known for high-paying tech jobs, micro-breweries, and a youthful vibe, this state capital city is part of the Research Triangle.

14,500

Jobs Created
2.2%

$76,840

Median Household Income
2.2%

16,237

Total Housing Permits
11.3%

361

Total Number of Projects
-8.4%

$332,602

SFD New Home List Price
-8.4%

0

New Home Sales
-8.4%
Monthly

Market Health

Raleigh s population is 1.4M, with a total workforce of 650K. The labor market grew by 14,500 jobs over the past year, up by 2.2%. The median household income in Raleigh is $76,840, 2.2% higher than last year and 21.6% above the national average of $63,179.
In the housing market, total permits issued totaled 16,237 over the last twelve months, up 11.3% year-over-year. Raleigh has 361 active new home projects on the market, 8.4% fewer than the 394 from last year. The average list price in the market is $332,602, 8.4% lower than last year and 3.5% above the national average. Over the last three months, new home contracts decreased by 8.4% to 2,021. Apex and Clayton had the highest concentration of the new home contracts in the Raleigh market.

Our Experts

Work with leaders in the industry.

Tim Sullivan

Senior Managing Principal

Tim Sullivan

Senior Managing Principal

Tim Sullivan

Senior Managing Principal

Shaun McCutcheon

Vice President, Advisory

Shaun McCutcheon

Vice President, Advisory

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