Explore Cary, NC - Market Insights, Demographics, Crime, Trends & Hotspots

Pulse Score
B+
Cap Rate
0.42%
Investor Friendly Score
59.00%
Median Price
$625,000

Market Insights

With only 1.3 months of inventory, Cary remains a seller's market. The median home price in Cary currently stands at $625,000. At the current pace, all available homes in Cary would sell out in just 1.3 months, indicating a continued supply shortage. Homes are taking about 28 days to sell, which is 2 days longer than this time last year. A significant 20.9% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 26.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Cary market with the affordability index at 19.7. Based on current market indicators, home prices in Cary are projected to decrease by approximately 3.3% over the next month.

Demographics market for - Cary, NC

Total Population -

170,451

White Population

65.21%

Black Population

7.53%

Mexican43.40% (3.23% of total population)
Puerto Rican13.26% (0.99% of total population)
Cuban5.89% (0.44% of total population)
Dominican2.15% (0.16% of total population)
Salvadoran6.50% (0.48% of total population)
Costa Rican0.94% (0.07% of total population)
Gautemalan3.22% (0.24% of total population)
Honduran1.95% (0.14% of total population)
Nicaraguan1.76% (0.13% of total population)
Panamanian0.70% (0.05% of total population)
Argentinean1.21% (0.09% of total population)
Bolivian0.06% (0.00% of total population)
Chilean1.54% (0.11% of total population)
Colombian11.24% (0.84% of total population)
Ecuadorian1.35% (0.10% of total population)
Peruvian0.69% (0.05% of total population)
Uruguyan0.23% (0.02% of total population)
Venezuelan3.92% (0.29% of total population)

Indian 156.94% (11.68% of total population)
Bangladeshi 4.66% (0.35% of total population)
Chinese 48.68% (3.62% of total population)
Bhutanese 0%
Burmese 0%
Filipino 6.80% (0.51% of total population)
Hmong 0.93% (0.07% of total population)
Indonesian 0%
Japanese 3.45% (0.26% of total population)
Korean 13.55% (1.01% of total population)
Laotian 0.55% (0.04% of total population)
Malaysian 0%
Mongolian 0%
Nepalese 3.22% (0.24% of total population)
Pakistani 5.50% (0.41% of total population)
Srilankan 0.64% (0.05% of total population)
Taiwanese 1.60% (0.12% of total population)
Pakistani 5.50% (0.41% of total population)
Srilankan 0.64% (0.05% of total population)
Taiwanese 1.60% (0.12% of total population)
Thai 0.47% (0.03% of total population)
Vietnamese 11.07% (0.82% of total population)

Hawaiian0.18% (0.01% of total population)
Samoan0%
Chamorro0.32% (0.02% of total population)
Fijian0%
Marshallese0%

Crime for - Cary, NC

Sex Offenses62.50%
Kidnapping/Abduction37.50%

Robbery100.00%

Embezzlement25.00%
Fraud Offenses66.67%
Counterfeiting/Forgery4.17%
Human Trafficking2.08%
Arson2.08%

Assault Offenses100.00%

Homicide Offenses100.00%

Motor Vehicle Theft3.61%
Burglary/Breaking & Entering6.02%
Destruction/Damage/Vandalism of Property17.47%
Stolen Property Offenses9.64%
Larceny/Theft Offenses63.25%

Real Estate Market Prediction for - Cary, NC

City Hotspots

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