Are you relocating and interesting in buying real estate in The Greater Raleigh Area? Or are you a current Raleigh real estate owner and are curious to know what the current population is and where it is expected to go? Well this infographic is just for you! We have compiled local population figures from local towns and the city of Raleigh so you can get a better idea of where we are and where we are going.
Raleigh Goes Boom!
Raleigh had over 10.8 million visitors last year according to Greater Raleigh Convention and Visitors Bureau! That is an astounding figure! We like to think that once people visit they like it so much that they want to move here. Raleigh has had tremendous growth since the 2000 Census. Wake County alone had a population increase of 273,147 from 2000 to 2010. It is estimated that Wake County currently has 958,015 people living here and Raleigh expects to hit 1 million by 2015.
Won’t You Be My Neighbor?
Not only is Raleigh growing but the towns around us are as well! The towns that experienced the greatest growth since 2010 are Cary, Morrisville, Holly Springs, Fuquay-Varina and Wake Forest. These are quickly becoming real estate hot spots while offering a small town feel. With our growing tech industry in RTP, Morrisville is a great place to buy a home if you need to be close to work. Even surrounding counties such as Orange (Chapel Hill) and Johnson are experiencing steady population spikes as well.
What Does This Mean for Triangle Real Estate?
You might be asking yourself, “what does this all mean for the Raleigh housing market”? Great question! As more people move here, Raleigh real estate is in high demand. We are experiencing a shortage of housing supply due to the high demand and lack of homeowners placing their homes on the market. Triangle Area Homes are moving faster than they were last year and many people are getting into multiple bid situations on homes they want. It is important for home buyers to stay positive and act quickly. Low inventory creates competition which can then bring home prices up.
Now is a great time to buy while interest rates are still low. Call our office today (919.235.0007) to get connected with an experienced buyer and relocation specialist who can help you navigate the Triangle Real Estate Market!
For more facts and figures on the area visit the WakeGov.com website or view a population presentation here.
(Note: All data compiled for Infographic was based off research and numbers given by the Internet and local municipalities. All data is subject to change and is not guaranteed.)