With a hot real estate market and low levels of housing inventory, it's quite apparent that Raleigh and the greater Triangle area cities and towns are pretty popular places to call home. In fact, so many people are relocating to the City of Oaks that it just earned a place on a recently released list of the nation's fastest-growing cities.
Determined to spotlight the "cities [that] know the key ingredients for long-term prosperity," WalletHub reviewed 515 cities and towns to quantify economic and population growth and rank those with great gains.
The financial news website evaluated 15 key factors including population and job growth, household income, number of businesses and startups, venture capital investment, building-permit activity and more.
Raleigh ranked among the top 15 percent on the national list as the 68th fastest growing city in the nation. In the large city category, it scored even higher coming in 10th position only slightly behind the much less affordable West Coast city of San Francisco.
Cary and Durham were included on the fastest-growing midsize cities list, ranking 52nd and 88th respectively.
"With companies like Credit Suisse and Infosys adding thousands of high-paying jobs this year and next, the Triangle area will continue to attract people from all over the country," said Nancy Harner, senior vice president of the Relocation and Corporate Real Estate Services Division at Coldwell Banker Howard Perry and Walston. "There are very few places in the country that can offer all that the Triangle brings to the table—immense career opportunities, affordability, an appealing landscape, and burgeoning cultural and food scenes."
Raleigh and the greater Triangle are home to major employers and well-known companies like IBM Corporation, Cisco Systems, SAS Institute, Red Hat, GlaxoSmithKline, and Lenovo.
The burgeoning area also has a vast number of startups and growing tech businesses many of which take up shop in Durham's American Underground with significant venture capital investments.
With many of its cities and towns named among the best places to live in the nation, the Triangle is ideal for people in all stages of life.
Home buyers will find bustling city settings and quiet, suburban neighborhoods conveniently located near major thoroughfares, ample shopping and dining options, public parks, and award-winning cultural centers.
Houses and homes of all shapes and sizes are available in new and established communities with well-rated schools.
Coldwell Banker Howard Perry and Walston is the leading residential real estate agency in the greater Triangle region, and we have the best real estate website in the state.
Our real estate agents are experts in their local markets. Not only are they well versed in their communities, but they are also trained to be the best negotiators and pricing strategists to ensure you achieve real estate success.
Relocating from afar? We have the nation's leading Relocation Department with top-notch relocation specialists ready to lend a hand.
Learn more about Coldwell Banker Howard Perry and Walston and the cities and towns our leading team of realtors and agents serve.