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

9,500

Jobs Created
1.5%

$74,177

Median Household Income
2.2%

14,731

Total Housing Permits
-9.2%

367

Total Number of Projects
-8.7%

$360,394

SFD New Home List Price
2.7%

0

New Home Sales
-14.4%
Monthly

Market Health

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.

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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