Triangle Real Estate Overview

The Triangle 

The Raleigh-Durham area, often referred to as the Triangle, is a thriving region in North Carolina that is home to a number of top-ranked universities, including Duke University and North Carolina State University. It is also a hub for technology and research, with numerous companies and organizations located in the area.

The Market

The real estate market in the Triangle is strong and has been consistently growing over the past few years. According to statistics, the median home value in Raleigh is currently $275,000, while the median home value in Durham is $269,000. Both cities are projected to see a increase of around 7.9% over the next year. This makes the Triangle a great place to invest in real estate, whether you are looking to buy a home to live in or as an investment property.

One of the biggest draws to the Triangle is its affordable housing prices compared to other major cities in the United States. While the median home values in Raleigh and Durham are on the rise, they are still significantly lower than places like San Francisco and New York City, making it a more affordable option for those looking to buy a home.

A Great Place To Live

In addition to its affordable housing prices, the Triangle is also a great place to live for those who love the outdoors. The region is home to a number of parks and green spaces, including William B. Umstead State Park and the Neuse River Trail, which offer opportunities for hiking, biking, and other outdoor activities.

Overall, the Triangle is a great place to live and invest in real estate. With its strong economy, affordable housing prices, and abundance of outdoor recreation options, it is no wonder that the region is attracting so many new residents. So, if you are looking to buy a home in the Raleigh-Durham area, now is a great time to start looking and take advantage of the region’s strong real estate market.