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Cary, North Carolina

Realtor Aug 2026 · ACS 2024

Market Read

A tight-supply market with no rental pool to price against. Demand is visible here; the rent math is not.

Demand outpaces supply. Hotness 66/100, supply score 61, homes go under contract 8.9% faster than the US median, at 147% of US prices. See the sale evidence ↓
Tenant economics are strong. Median household income $135K, +3.2% YoY (ZIP); renters hold 33.3% of ZIP households. See the people evidence ↓

What would change this read: the median listing price is +1.8% YoY. inventory, −6.7% YoY, is the number to watch.

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Computed from this page's data: median listing $609,527 (Realtor). The listing and rental pools are separate samples, not the same homes priced two ways, so the ratios describe the market rather than any one property. Ratios with reasons, not a recommendation to buy.

5 ZIPs in this city:27511 27512 27513 27518 27519

Market Hotness

66 / 100Realtor.com competitiveness composite

national · lower = hotter

0–100 · supply + demand

higher = tighter supply

higher = stronger demand

−8.9%

homes sell faster here

147%

of national median · above avg

Median Listing Price

$610K

Population

169,771

66,603

Median Days on Market

Active Listings

371

New Listings

136

Housing Market

The median listing price is up 1.8% YoY while the median home got up 2.2% bigger, so value per square foot is down 1.8%.

Pricing

Median Listing Price

$610K+1.8% YoY

Average Listing Price

$746K+3.4% YoY

Price per Sq Ft

$257.03-1.8% YoY

Median Sq Ft

2,307+2.2% YoY

Inventory

Active Listings

371-10.4% YoY

New Listings

136-12.8% YoY

Total Listings

587-6.7% YoY

Buyer Competition

Pending Listings

211-1.9% YoY

Pending Ratio

0.57+9.5% YoY

Median Days on Market

53+11.4% YoY

Price Reduced

26.8%-15.6% YoY

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 496,047

496Kunits

Occupied460,17592.8%

Vacant35,8727.2%

2024 Tenure ⓘ

U.S. Census ACS · n = 460,175

460Koccupied

Owner295,06964.1%

Renter165,10635.9%

Renter Share

35.9%+0.9% YoY

Total Housing Units

496,047+2.9% YoY

FY2026 Fair Market Rent

CountyWake County · HUD 40th-percentile estimate, 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

HUD Fair Market Rents · FY1983–FY2026

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Renters hold 33.3% of this ZIP's 66,603 occupied households, on a median household income of $135K.

Population & Age

Total Population

169,771+1.2% YoY

2024 Age Mix ⓘ

U.S. Census ACS · n = 169,771

170Kresidents

Under 1839,17523.1%

Adults 18–64105,72362.3%

65 & Over24,87314.7%

Age Composition Over Time

U.S. Census ACS · 2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

40.86+0.5% YoY

Population Under 18

39,175-1.2% YoY

Population 65 & Over

24,873+3.9% YoY

Households & Mobility

Total Households

66,603+2.4% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.54-1.1% YoY

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house84.8%

Moved (within US)13.6%

Other1.5%

Veterans

4.8%-4.8% YoY

Income & Poverty

Median Household Income

$135K+3.2% YoY

Per-Capita Income

$67K+4.1% YoY

Mean Household Income

$169K+3.1% YoY

Below Poverty Level

5.7%+6.8% YoY

Commuting

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone56.7%

Public transit0.3%

Worked from home36.1%

Other7.0%

Worked From Home

36.1%+11.8% YoY

Mean Commute

22.46-1.5% YoY

Units & Tenure

Total Housing Units

70,621+1.6% YoY

2024 Occupancy ⓘ

U.S. Census ACS · n = 70,621

71Kunits

Occupied66,60394.3%

Vacant4,0185.7%

2024 Tenure ⓘ

U.S. Census ACS · n = 66,603

67Khouseholds

Owner44,44366.7%

Renter22,16033.3%

Avg Household Size — Owner

2.69-1.6% YoY

Avg Household Size — Renter

2.250.0% YoY

County Demographics

County population is up 2.4% to 1,178,653: residents under 18 are up 0.7% and those 65 and over are up 5.5%.

Median Age

37.32024

Population

Wake County Population

1,232,444+2.4% YoY

Households

Total Households

460,175+3.3% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.51-1.2% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 1,178,653

1.2Mresidents

Under 18271,17923.0%

Adults 18–64755,55464.1%

65 & Over151,92012.9%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & 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 ⓘ

U.S. Census ACS

of residents

Same house85.0%

Moved (within US)14.0%

Other1.0%

Veterans

5.6%-1.8% YoY

County Economy

County median household income is $106K, 8.1% of residents are below the poverty level, 29.1% work from home.

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

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone61.4%

Public transit0.7%

Worked from home29.1%

Other8.8%

Worked From Home

29.1%+11.9% YoY

Mean Commute

25.10-0.8% YoY

Done with Cary? Put it next to another market.

State

City

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City

State

City

ZIP codes

Cary, North Carolina

Realtor Aug 2026 · ACS 2024

Market Read

A tight-supply market with no rental pool to price against. Demand is visible here; the rent math is not.

Demand outpaces supply. Hotness 66/100, supply score 61, homes go under contract 8.9% faster than the US median, at 147% of US prices. See the sale evidence ↓
Tenant economics are strong. Median household income $135K, +3.2% YoY (ZIP); renters hold 33.3% of ZIP households. See the people evidence ↓

What would change this read: the median listing price is +1.8% YoY. inventory, −6.7% YoY, is the number to watch.

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

5 ZIPs in this city:27511 27512 27513 27518 27519

Market Hotness

66 / 100Realtor.com competitiveness composite

national · lower = hotter

0–100 · supply + demand

higher = tighter supply

higher = stronger demand

−8.9%

homes sell faster here

147%

of national median · above avg

Median Listing Price

$610K

Population

169,771

66,603

Median Days on Market

Active Listings

371

New Listings

136

Housing Market

The median listing price is up 1.8% YoY while the median home got up 2.2% bigger, so value per square foot is down 1.8%.

Pricing

Median Listing Price

$610K+1.8% YoY

Average Listing Price

$746K+3.4% YoY

Price per Sq Ft

$257.03-1.8% YoY

Median Sq Ft

2,307+2.2% YoY

Inventory

Active Listings

371-10.4% YoY

New Listings

136-12.8% YoY

Total Listings

587-6.7% YoY

Buyer Competition

Pending Listings

211-1.9% YoY

Pending Ratio

0.57+9.5% YoY

Median Days on Market

53+11.4% YoY

Price Reduced

26.8%-15.6% YoY

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 496,047

496Kunits

Occupied460,17592.8%

Vacant35,8727.2%

2024 Tenure ⓘ

U.S. Census ACS · n = 460,175

460Koccupied

Owner295,06964.1%

Renter165,10635.9%

Renter Share

35.9%+0.9% YoY

Total Housing Units

496,047+2.9% YoY

FY2026 Fair Market Rent

CountyWake County · HUD 40th-percentile estimate, 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

HUD Fair Market Rents · FY1983–FY2026

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Renters hold 33.3% of this ZIP's 66,603 occupied households, on a median household income of $135K.

Population & Age

Total Population

169,771+1.2% YoY

2024 Age Mix ⓘ

U.S. Census ACS · n = 169,771

170Kresidents

Under 1839,17523.1%

Adults 18–64105,72362.3%

65 & Over24,87314.7%

Age Composition Over Time

U.S. Census ACS · 2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

40.86+0.5% YoY

Population Under 18

39,175-1.2% YoY

Population 65 & Over

24,873+3.9% YoY

Households & Mobility

Total Households

66,603+2.4% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.54-1.1% YoY

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house84.8%

Moved (within US)13.6%

Other1.5%

Veterans

4.8%-4.8% YoY

Income & Poverty

Median Household Income

$135K+3.2% YoY

Per-Capita Income

$67K+4.1% YoY

Mean Household Income

$169K+3.1% YoY

Below Poverty Level

5.7%+6.8% YoY

Commuting

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone56.7%

Public transit0.3%

Worked from home36.1%

Other7.0%

Worked From Home

36.1%+11.8% YoY

Mean Commute

22.46-1.5% YoY

Units & Tenure

Total Housing Units

70,621+1.6% YoY

2024 Occupancy ⓘ

U.S. Census ACS · n = 70,621

71Kunits

Occupied66,60394.3%

Vacant4,0185.7%

2024 Tenure ⓘ

U.S. Census ACS · n = 66,603

67Khouseholds

Owner44,44366.7%

Renter22,16033.3%

Avg Household Size — Owner

2.69-1.6% YoY

Avg Household Size — Renter

2.250.0% YoY

County Demographics

County population is up 2.4% to 1,178,653: residents under 18 are up 0.7% and those 65 and over are up 5.5%.

Median Age

37.32024

Population

Wake County Population

1,232,444+2.4% YoY

Households

Total Households

460,175+3.3% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.51-1.2% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 1,178,653

1.2Mresidents

Under 18271,17923.0%

Adults 18–64755,55464.1%

65 & Over151,92012.9%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & 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 ⓘ

U.S. Census ACS

of residents

Same house85.0%

Moved (within US)14.0%

Other1.0%

Veterans

5.6%-1.8% YoY

County Economy

County median household income is $106K, 8.1% of residents are below the poverty level, 29.1% work from home.

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

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone61.4%

Public transit0.7%

Worked from home29.1%

Other8.8%

Worked From Home

29.1%+11.9% YoY

Mean Commute

25.10-0.8% YoY

Done with Cary? Put it next to another market.