What do you get when you combine a reasonable cost of living, a multitude of career opportunities and immense livability? Introducing the Triangle—the perfect place to live, work and play, and home to three of the five North Carolina metro areas ranked on WalletHub's 2017 Best Real Estate Markets lists.
The personal finance website rated 300 cities and towns across the nation against 21 key indicators of housing-market attractiveness. Factors considered included affordability, economic development such as job growth and unemployment rates, and real estate market trends such as average days on the market for listings, number of rental properties, and home sales.
After numerous accolades bestowed on the Western Wake County town throughout the year, Cary scored a single digit place on the top 100 list, ranking fourth with high marks for housing affordability, population and job growth rates and more. Compared to towns its own size, Cary ranked even higher taking second place in WalletHub's mid-size cities category.
Cary is a great place to call home. Named among the safest cities to raise a child by SafeWise, one of WalletHub's top recommendations for first-time home buyers, and a popular choice for millennials as reported by SmartAsset, the Triangle suburb has a lot going for it.
Want a well-developed suburban community with commuter convenience? Seeking green space and parks? Want easy access to retail centers and restaurants? On the hunt for a home in a family-friendly neighborhood? You would be wise to add Cary to your list of places to live.
Decide on Durham
The bustling Bull City of Durham was also spotlighted on WalletHub's city compilations ranking eight on the mid-size cities list and 23rd on the overall list of 100.
Probably best known as the home of the Duke Blue Devils, Durham is known nationally for its leading medical, research and educational facilities including Duke Medicine and Duke University. You should know that the revitalized tobacco town offers much more.
Named the "Hippest City in North Carolina" by Vogue Magazine, Durham has a flourishing cultural scene accented by top-rated restaurants and bars. In its American Tobacco Historic District alone, you'll find the acclaimed Durham Performing Arts Center, the Durham Bulls Minor League Baseball Team, a start-up incubator, and numerous tech businesses.
Relocate to Raleigh
Raleigh and its attractive real estate market also snagged a place on the "best of" list coming in ninth ahead of Charlotte among the large cities reviewed and 44th overall.
There are only a few national "best of" lists that leave Raleigh off, and for good reason; the Capital City stacks up well against home buyers' must-haves and wants.
The city's ideal economic climate attracts companies, large and small, that bring high-paying jobs to town and the influx of professionals who follow.
Raleigh's livability is another asset that adds appeal. From miles of greenway trails and public parks to performance centers and cultural events, people of all ages and interests are bound to find something they enjoy.
"Raleigh and the greater Triangle area are experiencing rapid population growth due to the multitude of offerings within in our cities and towns," said Nancy Harner, senior vice president of the Relocation and Corporate Real Estate Services Division at Coldwell Banker Howard Perry and Walston. "We have the innovative jobs professionals want, the homes they seek for their families, and a desirable costing of living that makes relocating worth their while."
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