Cary, NC 27511 Real Estate Market Analysis | dynamic.RE
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Market Snapshot
Housing Market
Demographics
Economy
Cary, NC — 27511
Market Hotness
64
Hotness Rank
#4,174
Hotness Score
64
Supply Score
52
Demand Score
76
DOM vs US
-3.3%
Faster
Price vs US
128%
Above avg
Median Listing Price
$551K
Population
33,221
Households
496,047
Median Days on Market
50
Active Listings
89
New Listings
48
Housing Market
Pricing
Median Listing Price
$551K
+1.7% YoY
Average Listing Price
$776K
+12.7% YoY
Price per Sq Ft
$278
-0.8% YoY
Median Sq Ft
1,962
+1.3% YoY
Inventory
Active Listings
89
+8.6% YoY
New Listings
48
-11.1% YoY
Total Listings
154
+4.8% YoY
Buyer Competition
Pending Listings
65
-0.8% YoY
Pending Ratio
0.73
-6.9% YoY
Median Days on Market
50
+53.1% YoY
Price Reduced
20.2%
-3.6% 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
ZIP Population
33,221
-0.2% 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
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