We all have our reasons to move from one place to another. Some relocate for better job opportunities and education, while others are looking for a great community of people and a family-friendly environment. It’s hard to find a city that fits all the categories, and every place has its pros and cons. However, the town of Cary in North Carolina is pretty close to being great in almost every area you could think of.
Many years in a row the town was ranked as one of the best places to live in the US, and currently, Cary is one of the hottest towns in the East. More than 60% of its population has a college degree, and the city is also considered one of the safest small towns in the country. Cary NC benefits greatly from being located in the Research Triangle Park, one of the largest hi-tech parks in the US.
Its strong economy, excellent education, and thriving job market make it a strong contender amongst other desirable places to live in the US. Cary’s population is growing fast, and with it, the demand for housing. The town’s upscale real estate market is increasing both in popularity and in prices. Why is the housing market of Cary NC so great, and how does it compare to other cities? Let’s find out!
Home affordability in Cary NC
Many would find the homes of Cary NC less affordable compared to other cities inside the Triangle Region. If we take two of the biggest cities inside the Research Triangle Region, you will quickly find out that both Raleigh and Durham have cheaper homes than Cary NC. Raleigh’s housing market is about 25% less expensive than Cary, and Durham’s real estate market is about 38% cheaper.
According to Zillow, the current median home value in Cary NC is around $400,000, and since 2012 it has appreciated by about $120,000. The demand for housing in the area stays high, and this generates an increase in home prices. More than half of listed homes for sale in Cary NC are priced anywhere between $400,000 to $600,000.
If you think about living inside the Research Triangle area and home affordability is your main concern, you might find that Cary is less affordable than in most areas surrounding Raleigh. It remains affordable compared to other big cities in the US, so depending on where you come from, it might turn out to be cheaper. Regardless, the town is excellent for its quality of life, great neighborhoods, and top amenities, and many would find it a great place to live despite the higher home prices.
On the other hand, Cary’s real estate market is the most desirable in the Triangle Region. Even if it is not the most affordable, it appeals to many people because of the great schools, family environment, and the convenience of traveling. Of course, some neighborhoods differ from others, but each of them has its own charm.
Neighborhoods in Cary NC
Cary NC is known for offering some of the best neighborhoods in the Triangle Region. In Cary, you can find a place to live that perfectly fits your lifestyle, needs, and tastes. With the help of real estate agents in Cary NC, you can save some precious time browsing the internet searching for the perfect home in the ideal location. Agents know the local housing market, and they can help you nail down your searches to a handful of viable home options for you. Here are some details about Cary’s neighborhoods and what you can expect to find there.
Ranking as one of the best neighborhoods in Cary, Amberly is worth looking into if you plan on living inside the Research Triangle Region. The town’s explosive growth during the ’90s opened doors for new opportunities, and the master-planned community of Amberly came to life. The neighborhood can sustain more than 5000 residential properties, and it is continuously developing.
Currently, the neighborhood has over 2500 single-family homes and townhomes. Residents living in Amberly love the amenities of the area, it’s convenient location, and the excellent schools surrounding the area. Also, new homes built in Amberly are priced in the low 300’s, which makes this neighborhood more attractive in terms of house affordability compared to other communities.
The small city of Cary is experiencing faster growth on the town’s west side. In the area, neighborhoods such as Cary Park greatly benefit from the cities growth and now ranks as one of the best communities in Cary NC. One of the reasons for Cary Park’s fast growth is the fact that it is made for families, individuals, and couples that are interested in the variety of its housing market.
The neighborhood consists of single-family homes, condos, and townhouse complexes. Cary Park’s main attraction is the 28-acre lake along with its paved trails that circle the water, which is an excellent addition for anyone who wants to walk their dogs, go for a bike ride, or jog. On the other hand, the neighborhood is packed with amenities such as playgrounds, playing fields, volleyball courts, and a grand clubhouse.
Lochmere is another great neighborhood in Cary, North Carolina, that treats its people well and provides a lovely atmosphere where you can relax and have fun at the same time. In Lochmere, the sense of community is strong, and the lakes, along with its residents, are what makes this place so unique and special. Very often, you will encounter people walking their dogs on the community trails, kids playing in the park, and people casting their line in the lake in hope of a great catch.
Amenities include great local bars, the top dining experience of Cary NC packed in one community, and plenty of great shops. Also, the neighborhood is home to Waverly Place, one of the best complexes in Cary for events, dining, open-air shopping, and many other fun activities.
These are just three of some of the top neighborhoods of Cary NC, and there are so many more great communities that we haven’t explored yet. Despite having a relatively expensive housing market compared to neighboring cities inside the Triangle region, the town of Cary is unmatched in its ability to deliver one of the best living experiences to its community.
With top-notch amenities, excellent schools, and entertainment, the town of Cary will continue to live up to the town’s accolades and national rankings. Paired with its great communities of people, it is unquestionably one of the best places to live inside the Research Triangle Region, don’t you agree?
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