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Raleigh, NC not only serves as North Carolina's capital, but also as it’s fastest-growing city. With the influx of tech industries invading the state, Raleigh is positioned as one of the points of “Research Triangle Park,” a section of North Carolina that spans between Raleigh, Durham, and Cary/Chapel Hill that originally connected each city’s respective university (North Carolina State University, Duke University, and University of North Carolina at Chapel Hill) to spawn multiple high tech companies in the area. Raleigh’s population is growing annually at a steady 2.2 percent as more tech industry professionals and students settle for careers. Job growth in Raleigh continues at 3 percent and unemployment sits at 5.2 percent. The median household income is $46,612 and the median family income is $60,003 annually.
As of early March 2015, the average value of owned homes in Raleigh was $156,000 and the median asking price was $359,692. The median selling price for most homes was $193,000, meaning that it’s a buyer’s market right now. Major industries in the city include technology, healthcare, and education which facilitates the fact that Raleigh is also a huge college town. The most popular neighborhoods are North Raleigh, Northeast Raleigh, Southeast Raleigh, Northwest Raleigh, and Southwest Raleigh.
Schools ranking are mostly mixed throughout the city with most of the better rated schools residing on the western part of the city. Raleigh is home to many excellent universities such as North Carolina State University, William Peace University, Meredith College, and Shaw University. In terms of annual crime, violent crime rates are above the 3.8 per 1,000 residents national average with 4.27 while property crime is 31.41 per 1,000 residents and is higher than the 27.3 national average.
When you aren’t finding a white collar job, Raleigh offers its residents fun points of interests such as the North Carolina State Capitol, PNC Arena, North Carolina Museum of Natural Sciences, Carter-Finley Stadium, and the Raleigh Convention Center. With homes appreciating so quickly, getting in a Rent to Own home can allow you to get into the local housing market a little easier, especially if you are have cash flow or credit woes that you need to fix first. If you like a smart tech community with southern charm, make Raleigh your next destination!