Cary, NC 27518 Real Estate Market Analysis | dynamic.RE
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Market Snapshot
Housing Market
Demographics
Economy
Cary, NC — 27518
Market Hotness
65
Hotness Rank
#4,091
Hotness Score
65
Supply Score
47
Demand Score
82
DOM vs US
-1.0%
Faster
Price vs US
179%
Above avg
Median Listing Price
$771K
Population
19,735
Households
496,047
Median Days on Market
52
Active Listings
36
New Listings
30
Housing Market
Pricing
Median Listing Price
$771K
+1.1% YoY
Average Listing Price
$971K
+19.3% YoY
Price per Sq Ft
$242
-3.8% YoY
Median Sq Ft
3,212
+2.3% YoY
Inventory
Active Listings
36
-11.3% YoY
New Listings
30
-11.8% YoY
Total Listings
69
-2.8% YoY
Buyer Competition
Pending Listings
34
+3.1% YoY
Pending Ratio
0.94
+13.1% YoY
Median Days on Market
52
+67.7% YoY
Price Reduced
11.0%
-10.3% 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
19,735
+3.9% 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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