New Homes in Cary, North Carolina
Cary, NC's borders bulge as many people find attractive and affordable new homes in the Cary area.
According to the latest census figures, Cary, NC, is the 8th fastest growing city in the nation. Dissatisfied with overpriced housing markets in the Raleigh area, many find Cary an attractive alternative.
Across the country, residents disenchanted with their local housing markets are noticing that the grass is growing greener in Cary, NC, a suburb of Raleigh. Cary is listed in Money Magazine's top 5 places to live in the US and is the fastest growing city in North Carolina.
Home prices in many national housing markets, such as those on the East and West coasts, rise and fall like a roller coaster. For example, in the suburbs of Washington DC, half a million dollars buys a mere 1200 square foot "fixer-upper." Meanwhile, home prices in the Cary area have appreciated slowly and steadily, averaging 3% to 8% over the last 6 years. $500,000 spent in Cary purchases a brand new 3,200 square foot dream house loaded with amenities.
State and county taxes and insurance are very reasonable in the Cary region, a fact that draws many people to North Carolina. For a home valued at the median price of $256,900, property taxes are about $2,500 per year and insurance is about $500 per year.
The job market in Cary is healthy, with many high-level technical, professional and executive jobs available. Major employment centers are located in nearby Raleigh, the state capital, and in Research Triangle Park (RTP), the largest research park in the world. Forbes Magazine recently named Raleigh the #1 city in the nation for business and careers.
Cary, NC is also the 8th safest city in the US. Residents feel safe in the towns streets and parks. Cary is also part of the celebrated Wake County public school system, many of whose top-rated schools serve Cary's neighborhoods.
Drawn by the mild climate and high quality of life, retirees are moving to the area in increasing numbers. A recent study from the National Active Retirement Association (NARA) shows that "North Carolina is projected to overtake Florida as the number one retirement state over the next 10 years."
Because of nearby hospitals such the highly-rated Rex, WakeMed Cary and Duke University, the residents of the region enjoy some of the best health care in the US. The positive reasons to live and work in this vibrant region are many and the negatives are few. All these things make the people to invest in a new home in Cary, NC.
Article contributed by Natheen Imesh. Natheen invites you to visit his webesite to learn more about Cary Real Estate.
