By Kendra Stowe
As we head into 2021, it’s exciting to announce that the Triangle area has been named the top market in the country for real estate prospects. For the past two years, the Triangle consistently floated in the top three. Despite the coronavirus, the North Carolina housing market is still booming.
Since this time last year, the median home value in North Carolina has seen a 6% increase, and there’s no indication of it slowing down anytime soon. As a result of COVID-19, there are many questions that still don’t have answers. Will people want to continue to migrate to the South and Southeast where they can stay outside for most of the year to practice social distancing? Will companies continue to allow employees to work remotely?
Despite a wave of gentrification in major metropolitan cities like Washington, D.C., New York City, and Philadelphia seeing mass departures from the areas, the Triangle is extremely unique in that city living is just one facade of all that it has to offer – which is why experts believe that families will continue to flock to the Raleigh-Durham area as the pandemic continues to change the way we live.
With demand high, here are all of the reasons Triangle real estate and new home communities are the right option for you to take advantage of in this season.
Thanks to Research Triangle Park and the structural layout of the city, the area provides plenty of options for work. With a booming technological workforce, many companies are finding the Triangle the perfect place to establish roots in, thanks to suburban communities that allow people to feel safe without having to sacrifice their careers. By structural advantages, we’re referring to the idea that areas with smaller local and state governments such as Raleigh and Durham are willing to keep regulations and business costs low in order to fuel continued job growth and economic opportunity.
Community Options and Amenities
Across the country, the most desirable housing markets in the new coronavirus landscape are those that offer attractive amenities including bigger houses with space for home offices, leafy neighborhoods, access to outdoor trails, and walkability and proximity to grocery stores. In the Triangle, you can find all this and more for an affordable package.
Today’s home buyers still want to be within a reasonable commuting distance of large employers, but with the fact that remote work isn’t going anywhere and traffic has decreased significantly, they are willing to extend the distance from urban downtowns.
Top 20 Best Places to Live
The results are in, and the Triangle area ranks No. 11 in the U.S. News & World Report’s 2020-2021 “Best Places to Live” list with an overall score of 7.2/10. Raleigh also ranked as the 24th fastest-growing city and 28th best place to retire. Taken into consideration for rankings included quality of life, housing affordability, job market index, desirability index and net migration.
It’s no secret that this area is only going to continue to grow and expand. If you’re seeking relocation to the area, or maybe you’re already settled in the Triangle and are looking to find a new home – now is the time. We represent hundreds of builders in the area and have incredible homes and communities that are waiting to be discovered. Make sure to do some exploring on our website, where we offer insight into all of the cities within the Triangle. Explore the latest new homes and master-planned communities that will allow you to live the life you’ve always dreamed of by combining work, play, and more inside the beautiful state of North Carolina.