2019 Research Triangle Real Estate Market Report

If you are in the market for a new home in the Research Triangle district of North Carolina it's a good idea to review the real estate market of the three neighboring cities which include Raleigh, Chapel Hill, and Durham. These cities offer a diverse selection of housing options for families planning to move into the area. Thanks to a large amount of property options for home buyers, it makes it easy to find a home that best matches your budget and needs. If you have any real estate questions about the area, please feel free to Contact Us today for more information.

Check out our original blog post at https://www.findnctrianglehomes.com/ for more information.

Raleigh, North Carolina

The median home value of properties in Raleigh is $218,200, which is 39% higher than the average price of a house in North Carolina. Although the price is higher than the state average houses are still relatively affordable compared to other communities in the region. Home rentals in Raleigh are at $966 for a typical home. This amount is 18% higher than the typical rental cost in the state. There is about 51% of homeowners living in their own houses in the city.

Check out our original blog post at https://www.findnctrianglehomes.com/ for more information.

Chapel Hill, North Carolina

The median price of real estate in Chapel Hill, North Carolina is $390,300, an amount that is about 148% higher than the average price of a home in the state. There are plenty of luxury subdivisions in the city making the area quite expensive for home buyers. Home rentals in the city have an average of about $1,061 which is 30% higher than the typical rental house in North Carolina. Around 48% of homes in Chapel Hill are occupied by homeowners.

Durham, North Carolina

The median cost of houses in Durham is $183,900, which is 17% higher than the average home price in North Carolina but is the lowest of the three cities surrounding the Triangle district. Families can find excellent affordable starter homes in the area as well as excellent rental properties. Average home rental in the community is $913 which is 12% higher than the average rental in the state. There is 49% of residences in the city that are being occupied by homeowners.

Check out our original blog post at https://www.findnctrianglehomes.com/ for more information.

If you would like to receive a FREE Competitive Market Analysis, contact me today. Let Me Help You Find Your Hilton Head Island Home! If you are a buyer, it is important to have the assistance of a Buyer's Agent to represent you during the transaction. If you need additional assistance or would like to schedule a showing, contact our office at 919-452-6484. ************************************************************************************

POSTED BY