According to statistics, the population in Cary, NC amounts to 159,715, which shows growth 3% compared to the previous year. The median age of the city’s residents is 39. The average household income is $97,755, shifting growth 3% from the past year, and the average property value in Cary, NC growth 4% to $323,000 throughout the year.
|Number Of Employees||84,666|
|Median Property Value||$323,000|
The average household income in Cary, NC grew from $94,617 to $97,755 in the past year. This data is an estimate based upon 60,263 households in Cary, NC . The chart below presents how household income is distributed in Cary, NC in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Cary, NC shifted from $309,800 to $323,000 throughout the year. The subsequent graph indicates the share of properties in the given price range in Cary, NC in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Cary, NC properties falls in the '$300,000 to $399,999' range, which is higher than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Cary, NC compared to median property taxes around the country. The prevalent amount of property taxes in Cary, NC equals $3000, which is less than the national average.
|Apartment Size||Aug||vs Last Month|
|1 bed for sale||$265,000||N/A|
|2 bed for sale||$342,104||-5.7%|
|3 bed for sale||$526,945||+5.9%|
|4+ bed for sale||$731,628||-5.6%|
During Aug 2022, the average price for an apartment in/near Cary, NC decreased by 0.5% to $662,121.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $265,000 with no changes this month. Asking price for 2-bed apartment also decreased by 5.7% and a place of this size will now cost you $342,104. A 3-bed apartment goes for $526,945, it increased by 5.9% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 5.6% and made it down to $731,628.
|Listing Type||Aug||vs Last Month|
|Townhouses for sale||$479,099||+18.6%|
|Lofts for sale||$535,632||-20.6%|
|Other for sale||$670,040||+3.8%|
|Houses for sale||$823,151||+14.4%|
|Condos for sale||$505,858||-1.6%|
|Land for sale||$375,000||-79.5%|
Price reports demonstrate that house price increased by 14.4% this month making it up to $823,151. Condos faced an upward trend these days. The median price for a condo decreased by 1.6%, it’s now available for $505,858. The price dynamics of lofts changed, it decreased by 20.6%, the price tag now starts at $535,632. The property value of townhouses increased by 18.6%, you’ll have to spend around $479,099 to get one.