There are currently 47,407 real estate properties in Cary, NC, with a median automated valuation model (AVM) price of $469,500.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Cary, NC, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Cary, NC, is $500,112.00, with the most expensive house in Cary, NC, topping out at $37,400,000.00 and the cheapest home in Cary, NC, clocking in at $109,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Cary, NC!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Cary, NC, is on a rollercoaster ride. The average rent price in Cary, NC, is $1,855.00. Indeed, when looking to rent in Cary, NC, you can expect to pay as little as $670.00 or as much as $4,320.00, with the average rent median estimated to be $1,770.00. The good news is that finding an affordable and desirable property to rent in Cary, NC -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Cary, NC area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Cary, NC and much more. Save thousands at closing with home foreclosure listings in Cary, NC — up to 75% off market value!
Cary is located in Wake, North Carolina, with an estimated municipal population of 170,282 residents. All of the best foreclosed homes for sale in Cary are located in the following zip code areas on Foreclosure.com: 27560 27511 27518 27519 27513 27512. The estimated population per square kilometer (.62 miles) in Cary is 1,119.
So, about how much do homes cost in Cary? The most recent median value of resident-owned homes in Cary is 356,920. An estimated 68.4 percent of households in Cary own their homes, with an average family size of 3.11. The median household income in Cary is 104,669, with52.3 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Cary, the median commute time of resident workers (in minutes) is 23.3. And last, but certainly not least, are you looking for homes to rent in Cary? If so, the average rent price paid by renters in Cary is 1,246, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Cary, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Cary is 39.9, split between 49.1 percent male versus 50.9 female. The percentage of residents who report being married in Cary is 61.8, with an average family size of 3.11.
The percentage of residents who report their race in Cary is as follows:
|Black / African American||8.5%|
|American Indian / Alaskan Native||0.4%|
|Native Hawaiian / Other Pacifc Islander||0.1%|
Looking for family-friendly neighborhoods in and/or near Cary? Or maybe you are searching for 55+ active adult communities in and/or near Cary?
The percentage of residents who report their age in Cary is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Cary with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Cary.
How do you know that living in -- or moving to -- Cary is right where you need to be? Perhaps you grew up in Cary or already live nearby; therefore, the decision to buy a home in Cary is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Cary for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Cary:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Cary.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Cary can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Cary, meanwhile, can field multiple offers from more qualified buyers.
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