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

6,200

Jobs Created
1%

$74,158

Median Household Income
2.2%

15,008

Total Housing Permits
2%

368

Total Number of Projects
-6.4%

$370,212

SFD New Home List Price
5.9%

1,838

New Home Sales
-13.7%
Monthly

Market Health

Raleigh s population is 1.3M, with a total workforce of 632K. The labor market grew by 6,200 jobs over the past year, up by 1.0%. The median household income in Raleigh is $74,158, 2.2% higher than last year and 20.8% above the national average of $61,372. In the housing market, total permits issued totaled 15,008 over the last twelve months, up 2.0% year-over-year. Raleigh has 368 active new home projects on the market, 6.4% fewer than the 393 from last year. The average list price in the market is $370,212, 5.9% higher than last year and 22.3% above the national average. Over the last three months, new home contracts decreased by 13.7% to 1,838. 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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