Millennials like to call Cary home, and with its convenient location, growing downtown, and appealing lifestyle amenities, we are in full agreement.
A large number of under-35 homebuyers and homeowners have sought out their space in the Triangle suburb landing it sixth on SmartAsset’s top 10 list of the places where millennials are buying homes.
The SmartAsset “Where are Millennials Buying Homes?” report ranked the nation’s 200 largest cities based on data compiled by the U.S. Census Bureau. SmartAsset’s analysts reviewed millennial homeownership rates in 2015 and the percentage change of those annual rates between 2006 and 2015 to fill its leaderboard.
Cary’s population supported a millennial homeownership rate of 35.5 percent in 2015, a slight decline from its 35.9 percent rate in 2006, but still high compared to nationwide averages. SmartAsset reported, “Cary, North Carolina recently ranked as one of our best cities of 2016, due to its safety and booming economy. Those two factors may partially explain why millennials are buying homes here.”
A short commute from the nationally recognized Research Triangle Park and in-demand area tech and pharma jobs, and research institutions like Duke and N.C. State, Cary has become a popular haven for young adults and new families. This interest and positive population influx has prompted a strong housing growth rate of 9.1 percent and garnered the town recognition as a thriving “boomtown” and ideal place to live.
Is Cary for you? Let us help you find out. Visit our HPW.com website to learn more about the Western Wake town and all of the available homes there and in the surrounding area.