Raleigh-Cary Metro Ranks as Ninth Most Affordable Housing Market in U.S.

Raleigh-Cary MetroThe Triangle area is a great place to live, work and play, and we’re not the only ones to make that claim. From national business publications to leading research associations and industry authorities, our growing cities and towns have gained great acclaim for accolades of all types.

A recent report released by personal financial site NerdWallet found the Raleigh-Cary market to be the ninth most affordable housing marketing in the top 100 U.S. metro areas. Other large North Carolina metro markets including Charlotte, Winston-Salem and Greensboro, ranked No. 21, No. 41 and No. 44, respectively.

According to a Triangle Business Journal article, NerdWallet evaluated the cost of a typical family home “by using localized data on average debt, median income, housing costs and home prices, the personal financial website analyzed how much families could afford while remaining within a healthy budget.”

Details from NerdWallet’s assessment of our Capital City and the surrounding area include:

Population:                                       More than 1.2 million

Estimated family income:              $93,928

Suggested home price:                  $351,588

Total affordable square feet:         3,163

View NerdWallet’s complete market report here. Click here to read the full TBJ article.

Image credit: Chrupka/Shutterstock.com

Leave a Reply

Your email address will not be published. Required fields are marked *