Raleigh s population is 1.4M, with a total workforce of 650K. The labor market grew by 24,200 jobs over the past year, up by 3.8%. The median household income in Raleigh is $76,800, 2.2% higher than last year and 21.6% above the national average of $63,179.
In the housing market, total permits issued totaled 15,051 over the last twelve months, up 0.3% year-over-year. Raleigh has 360 active new home projects on the market, 8.6% fewer than the 394 from last year. The average list price in the market is $365,358, 0.4% higher than last year and 5.6% above the national average. Over the last three months, new home contracts increased by 14.4% to 2,242. Apex and Clayton had the highest concentration of the new home contracts in the Raleigh market.