Situated near the renowned Research Triangle Park, Cary is a city rich in the southern hospitality which North Carolina is known for. There is something for everyone in Cary, whether you are an outdoors type who enjoys the 22 public parks in Cary, or you spend the year looking forward to the Haunted Twilight Tour of Downtown just before Halloween.
In fact, CNNMoney.com recently voted Cary as one of the best places to live in the U.S., and apparently people have taken notice of Cary’s great qualities! The city was ranked as the fastest growing metropolitan area in the country by federal statistics in 2008, and still boasts a population growth of 25%.
One factor that makes Cary an incredibly attractive place to live is its stable economy. With over 170 businesses in the Triangle area – including Cotton Incorporated and SAS Software – and over 50,000 employees, the median household income in Cary is actually higher than the national average.
The area is stimulated by its close proximity to three impressive research universities: Duke University, the University of North Carolina, and North Carolina State University. These not only keep the business environment forward thinking, but help fuel local businesses with a regular stream of new employees who are loyal to the region.
Cary is also a great place to raise a family. Statistics show that more than half of Cary households have children under 18 years old. With events like the Sertoma Series’ Free Children’s Concert on October 2nd and the Kid’s Combat Challenge at the family friendly Safety Festival, this city shows its strength in community building.
In spite of the recent national real estate roller coaster, Cary’s real estate market has remained stable and is not experiencing the extremes of many other cities. In fact, the median home price in Cary has continued to rise at a healthy rate as the city has grown – from $264,000 in 2007, to around $355,000 this year. This is good news for current Cary home owners, as well as those considering the purchase or sale of a home in the Cary and surrounding area because it shows Cary to be a strong market.
Whether you are purchasing real estate or have a home for sale, a Fonville Morisey REALTOR would be happy to help guide you through the process. Cary is one of our specialties, so drop us a note today!