Cary, North Carolina Real Estate Market Analysis | dynamic.RE
dynamic.RE
Search
Portfolio
Market Analysis
Areas
Analyze
Select a state…
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming
No cities
Compare
Market Snapshot
Housing Market
Demographics
Economy
Cary, North Carolina
5 ZIPs in this city:
27511
27512
27513
27518
27519
Market Hotness
67
Hotness Rank
--
Hotness Score
67
Supply Score
63
Demand Score
71
DOM vs US
-8.8%
Faster
Price vs US
144%
Above avg
Median Listing Price
$604K
Population
169,771
Households
496,047
Median Days on Market
42
Active Listings
406
New Listings
250
Housing Market
Pricing
Median Listing Price
$604K
+2.8% YoY
Average Listing Price
$753K
+7.5% YoY
Price per Sq Ft
$263.702
-0.1% YoY
Median Sq Ft
2,349
+2.7% YoY
Inventory
Active Listings
406
-1.9% YoY
New Listings
250
+1.6% YoY
Total Listings
677
+1.2% YoY
Buyer Competition
Pending Listings
275
+6.6% YoY
Pending Ratio
0.68
+8.9% YoY
Median Days on Market
42
+12.0% YoY
Price Reduced
23.2%
-20.1% YoY
Units & Occupancy
2024 Occupancy
496K
units
Occupied
460,175
92.8%
Vacant
35,872
7.2%
2024 Tenure
460K
occupied
Owner
295,069
64.1%
Renter
165,106
35.9%
Renter Share
35.9%
+0.9% YoY
Total Housing Units
496,047
+2.9% YoY
FY2026 Fair Market Rent — Wake County
HUD government estimate (40th percentile) — not actual market asking rent.
Studio
$1,524
/month
1 BR
$1,596
/month
2 BR
$1,750
/month
3 BR
$2,196
/month
4 BR
$2,936
/month
FMR Trends — Wake County
Source: HUD Fair Market Rents
Demographics
Median Age
37.3
2024
Population
Total Population
169,771
+1.2% YoY
Wake County Population
1,232,444
+2.4% YoY
Households
Total Households
460,175
+3.3% YoY
Household Types
--
Not reported for this area (ACS).
Avg Household Size
2.51
-1.2% YoY
Age
2024 Age Mix
1.2M
residents
Under 18
271,179
23.0%
Adults 18–64
755,554
64.1%
65 & Over
151,920
12.9%
Age Composition Over Time
2017–2024
Population growth (first year = 100)
Share of population (change in pp)
Under 18
Adults 18–64
65 & Over
Population Under 18
271,179
+0.7% YoY
Population 65 & Over
151,920
+5.5% YoY
Median Age
37.30
+0.3% YoY
Mobility & Veterans
2024 Residential Mobility
of residents
Same house
85.0%
Moved (within US)
14.0%
Other
1.0%
Veterans
5.6%
-1.8% YoY
Economy
Income
Median Household Income
$106K
+3.9% YoY
Per-Capita Income
$55K
+4.7% YoY
Mean Household Income
$140K
+4.1% YoY
Poverty
Below Poverty Level
8.1%
+2.5% YoY
Transportation to Work
2023 Commute Mode
of workers
Drove alone
64.4%
Public transit
0.7%
Worked from home
26.0%
Other
8.9%
Worked From Home
29.1%
+11.9% YoY
Mean Commute
25.10
-0.8% YoY
dynamic.RE