Raleigh s population is 1.4M, with a total workforce of 632K. The labor market grew by 20,500 jobs over the past year, up by 3.3%. The median household income in Raleigh is $73,919, 1.9% higher than last year and 17.0% above the national average of $63,179.
In the housing market, total permits issued totaled 14,118 over the last twelve months, down 17.1% year-over-year. Raleigh has 362 active new home projects on the market, 9.0% fewer than the 398 from last year. The average list price in the market is $363,033, 1.0% higher than last year and 21.3% above the national average. Over the last three months, new home contracts increased by 5.1% to 2,159. Apex and Raleigh had the highest concentration of the new home contracts in the Raleigh market.