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Cary, NC

Full City Profile · North Carolina · Wake County County

3.8 /5.0
B+ Good
176,686 Population 2,898/sq mi density
$129,399 Median Income $64,590 per capita
$525,200 Home Value $620,401 Zillow
$1,621 Median Rent 24.8% income on rent
62°F Avg Temperature 299 sunny days/yr
66 Violent Crime/100K 904 property/100K
B+
Overall
3.8 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
5.0 / 5.0
$129,399 median income, 2.3% unemployment
A
Affordability
4.4 / 5.0
$525,200 home value, $1,621/mo rent
F
Safety
1.0 / 5.0
66 violent crimes/100K
A+
Education
5.0 / 5.0
70.2% bachelor's degree or higher

Housing Overview

Median Home Value
$525,200
86% above
US avg: $281,900
Median Rent
$1,621/mo
39% above
US avg: $1,163/mo
Homeownership Rate
66.3%
1% above US avg (65.4%)
Total Housing Units
70,780
Median year built: 1998

Home Value by Source

Census Median
$525,200
Zillow (ZHVI)
$620,401
Median Sale Price
$580,000
Median List Price
$594,450
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

66.3%
Owner-Occupied
33.7%
Renter-Occupied
66%
34%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$932/mo
1 Bedroom
$981/mo
2 Bedroom
$1,161/mo
3 Bedroom
$1,499/mo
4 Bedroom
$1,780/mo
Census median rent: $1,621/mo · Zillow rent: $1,649/mo

Market Indicators (Redfin)

Median Days on Market
70 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
120
Price Drops
22.8%
of listings with price reduction
Price Per Sq Ft
$254
Active Inventory
351
homes for sale

Affordability & Housing Stock

Rent Burden
24.8%
of renters spending 30%+ of income on housing
20% below US avg (31.0%)
Median Year Built
1998
Average age of housing stock: 28 years
Homeownership Rate
66.3%

Complete Housing Data

Home Values

Census Median Value$525,200
Zillow Home Value (ZHVI)$620,401
Median Sale Price$580,000
Median List Price$594,450
Price Per Sq Ft$254

Rent

Census Median Rent$1,621
Zillow Rent (ZORI)$1,649
FMR Studio$932
FMR 1-Bedroom$981
FMR 2-Bedroom$1,161
FMR 3-Bedroom$1,499
FMR 4-Bedroom$1,780

Market

Days on Market70
Sale-to-List Ratio1.0%
Price Drops22.8%
Homes Sold120
Active Inventory351
Price Per Sq Ft$254

Ownership & Stock

Owner-Occupied66.3%
Renter-Occupied33.7%
Homeownership Rate66.3%
Total Housing Units70,780
Median Year Built1998
Rent Burden24.8%