Known for high-paying tech jobs, micro-breweries, and a youthful vibe, this state capital city is part of the Research Triangle.

20,500

Jobs Created
3.3%

$73,919

Median Household Income
1.9%

14,118

Total Housing Permits
-17.1%

362

Total Number of Projects
-9.0%

$363,033

SFD New Home List Price
1.0%

0

New Home Sales
5.1%
Monthly

Market Health

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.

Our Experts

Work with leaders in the industry.

Tim Sullivan

Managing Principal

Tim Sullivan

Managing Principal


Shaun McCutcheon

Senior Manager

Shaun McCutcheon

Senior Manager


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