If you’re thinking about moving to the Triangle, you may want to consider looking at Wake County real estate. This fast-growing county has a thriving economy, large performing arts centers, and a high median sales price. Read on to learn more about the area’s real estate market. You’ll be glad you did! We’ll go over the top benefits of living in Wake County. Also, learn more about Wake County real estate reappraisals.
Wake County is the 9th fastest growing county in the U.S.
The state’s most populous and fast-growing counties, Raleigh and Charlotte, were traditionally fierce competitors in the political and economic realms. Both have grown by more than 20% in the last decade, but Wake County has seen its share of in-migration from out-of-state residents increase. This trend is expected to continue in the years to come, as more people flock to the state for work and play.
In fact, the state of North Carolina reports that the region is the ninth fastest-growing county in the U.S., and Wake County is no exception. According to the U.S. Census Bureau, the county’s population is increasing by nearly 63 people per day. Despite this rapid growth, there is still a shortage of housing. The county’s population is expected to increase by another 56,000 people by 2021, but it remains under-populated due to the fact that the city of Raleigh is growing faster than its neighboring town.
It has a strong economy
The county of Raleigh, North Carolina, has a thriving economy and is the third-fastest-growing in the U.S. According to the Wake County Economic Development Office, there are 48 active projects slated to create or sustain more than 10,000 jobs and $4.6 billion in new investment. These projects come after a severe recession sparked by the COVID-19 pandemic. Despite these challenges, officials remain optimistic about the rest of the year and beyond.
The Wake County economy has four major sectors, bringing in a diverse mix of labor and income. The state has an impressive supply of innovative talent, and the region has an excellent collaboration between industry and academia. In addition, nearly 50% of the population has a bachelor’s degree, making it one of the top places to live in the U.S. for tech professionals. This is a great combination for people looking for a home and a job.
It has a large number of performing arts centers
The area around Raleigh and Durham is characterized by moderate, subtropical climate, which means moderate temperatures year-round. Winters are mild and temperatures in the spring and fall are moderate, with lows in the lower-to-mid 30sdegF (-2 and -3 degC). Daytime highs reach the upper 80s and low 90s. In the summer, daytime temperatures are moderate, but can reach the mid-90s.
For outdoor activities, Wake County is known for its numerous parks and community centers. There are 152 parks and 53 community centers, with notable ones being Pullen Park and Yates Mill Park. In addition, the American Tobacco Trail, a 22-mile rail trail project in the Research Triangle Park area, is open to pedestrian and non-motorized users. Additionally, the Capital Area Greenway system offers over 100 miles of paved walking trails. The system is interconnected with other trail systems.
It has a high median sales price
In September, the median sales price of real estate in Wake County surpassed $390,000. That price includes the median monthly sales price of recorded transactions of less than $1 million. This statistic accounts for the vast majority of sales activity in Wake County’s housing market. According to Luther Snyder, Wake County’s Realtor, this record is due to several factors, including economic conditions in the area. In this article, Snyder explains some of the factors that contribute to the region’s high median sales price.
Although the real estate market is experiencing a slowdown, it is likely temporary. There are more listings than inventory and potential buyers may be re-entering the market in the coming weeks. Meanwhile, mortgage rates have increased to over 6% this week, triggering more offers from buyers. And, since more listings are hitting the market, prices are dropping. Many sellers have already reduced their prices, triggering competition among buyers.
It has a lot of land
There is a lot of land in Wake County, North Carolina, and not all of it is developed. A few acres in Wake County can be worth a million dollars. But even this is not common. A lot of land in Wake County is undeveloped and useless for most commercial and residential applications. Here are some ways to find a great piece of land for sale. Read on to learn about the options available in Wake County.
If you’re looking for a piece of land in the Triangle, NC, region, you can search online for available properties. You can view photos and details of each listing, and you can also filter by price, size, or keywords to find the right property. You can also browse acreages for sale near Wake County, North Carolina, or lookup nearby acreages for sale. A lot of land in Wake County can be cheap or expensive, so make sure you do your homework before making a purchase.