Tuesday, March 31, 2009

Raleigh Real Estate Market Summary

Raleigh (, rälē or rah-lee) is the capital of the state of North Carolina and the county seat of Wake County.

Raleigh is known as the "City of Oaks" for its many oak trees. As of the 2000 census, it had a population of 276,093, making it the second most populous city in North Carolina, after Charlotte.

Raleigh, Durham and Chapel Hill make up the three cities of The Triangle, so named in 1959 with the creation of the Research Triangle Park, a research park between Durham and Raleigh (mostly located within Durham County).

The Triangle is a regional population, equivalent to the U.S. Census Bureau's Combined Statistical Area of Raleigh-Durham-Cary. Its estimated total population as of 2005 was 1,509,560. The estimated Raleigh-Cary metropolitan statistical area population, as of 2004, is 914,680.

While almost all of the city limits is located in Wake County, a few small portions of Raleigh are actually in Durham County as a result of annexation Raleigh Durham Annexation Agreement Lines.

The City of Raleigh estimates its population to be 353,604 as of July 1, 2006, making it one of the fastest growing cities in the nation.

Raleigh placed fourth on MONEY Magazine's 2006 list of Best Big

Raleigh Real Estate Market Stats:
Population: 412,559
Average Home Price: $250,000
Average Rental Price: $1,250
Average Cost of Living: +14%
Male/Female: 50%50%
Married/Single: 31%69%

Raleigh Real Estate Market Demographics:
Adults 20-24: 10%
Adults 25-34: 23%
Adults 35-49: 34%
Adults 50-64: 23%
Adults 65+: 10%

Leading Raleigh Real Estate Company: FOR Home BUYERS 800-333-2893
Email: staff@forhomebuyers.com or Visit: www.forhomebuyers.com

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