Raleigh s population is 1.4M, with a total workforce of 632K. The labor market grew by 9,500 jobs over the past year, up by 1.5%. The median household income in Raleigh is $74,177, 2.2% higher than last year and 20.9% above the national average of $61,372.
In the housing market, total permits issued totaled 14,731 over the last twelve months, down 9.2% year-over-year. Raleigh has 367 active new home projects on the market, 8.7% fewer than the 402 from last year. The average list price in the market is $360,394, 2.7% higher than last year and 15.2% above the national average. Over the last three months, new home contracts decreased by 14.4% to 1,976. Apex and Clayton had the highest concentration of the new home contracts in the Raleigh market.