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.