All Roads Lead To Maynard - Living In Cary, NC

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Mortgage and Lending with Bank of England (NMLS#418481) NMLS# 1046286

As I wrote about in my last post, when my wife and I moved to "Raleigh" from San Diego, we really didn't know all that much about the area.

 

We had made the decision to pack up the U-haul and move here based more upon the areas geographical location than most of the other factors;  we wanted to be far enough north so that it had all four seasons,  we wanted it to be fairly close to the moutains and the ocean and we wanted to be within a days drive of our families back in the Mid-west/Mid-south (where we were from).

When we got here after road warrioring it across the country, we were dog tired and in search of a pet friendly hotel that we could utilize as our home base while we tried to figure out where we wanted to live.

 

Having some Hilton Rewards points to burn we found a pet-friendly Hampton Inn near the corner of Hwy 54 and Interstate 40 (which we found out doesn't really tell anybody much about where we were at because there is more than one corner of Hwy 54 and Interstate 40 in the Raleigh/Durham area), but we were at the one in Cary, North Carolina. 

 

Little did we know that after a few months in North Raleigh, that we were in the town that would become our home.

 

We ended up in Cary like a lot of people do.  That is, once my wife was offered a job in Research Triangle Park (RTP), we went looking for an apartment that we could afford within a reasonable commute to her job.

 

We found Cary to be a very pleasant place to live and, in relation to the rest of the area, very centrally located!  We enjoyed the area so much that when our lease was up, we decided to buy a home in Cary (where we live til today).

 

So, as with my last post, here are some of the statistics that we might have researched if we had thought about it!

 

Statistics

 

2013 Population (Cary Specific)*                                                                     151,088

(Raleigh/Durham/Chapel Hill Metropolitan Statistical Area)*               1,912,729

 

Population Growth Rate (2013)****                                                                     1.9%

 

Males*                                                                                                                     49.1%

Females*                                                                                                                 50.9%

 

Average Yearly Household Income (2012)*                                                   $86,451

 

Education (Percent of Residents Over 25 Years Old)*                                              

High School Diploma or Higher                                                                    95.4%

Bachelors Degree or Higher                                                                          61.9%

Graduate Degree or Higher                                                                           24.8%

 

Real Estate Statistics

 

A search of real estate located in Cary, NC(as of 6/9/2015) revealed the following statistics:**

 

Average Home Price                                                                                  $492,496

Average Sold Price                                                                                     $375,717

Median Sales Price                                                                                     $295,800

 

Homes Currently Offered For Sale:

(Stick Built, Single Family Dwelling)

 

Lowest Priced Home Offered on MLS (as of 6/9/2015)                      $109,900

Highest Priced Home Offered on MLS (as of 6/9/2015)                  $4,350,000

 

(Condominium/Townhome/Coop)

 

Lowest Priced Condo Offered on MLS (as of 6/9/2015)                       $92,900

Highest Priced Condo Offered on MLS (as of 6/9/2015)                    $758,000

 

So, as you can see, Cary, NC has a wide range of homes available in the different price ranges.  Compared to the rest of the county, Cary is still very affordable with a cost of living index of 95.7 with the US average being 100.

 

If you have any questions about buying a home in Cary, North Carolina, please don't hesitate to reach out to me.  My bank, Bank of England, offers a wide range of mortgage products including the North Carolina Housing Finance Agency Down Payment Assistance Program, as well as conventional, FHA, VA, USDA and other niche products.

 

I also have a number of real estate agents that I know that I would be happy to match you up with in the event that you don't already have an agent selected.

 

Legal Disclaimer

 

While I am employed with Bank of England, this blog and the opinions expressed within (except those contained on an BOE websites linked to) are purely my own and not endorsed by Bank of England or any of it's affiliate entities. 

Bank of England is an FDIC regulated, HUD/VA/USDA approved, equal opportunity lender chartered in 1898.  It is headquartered in England, Arkansas with offices located in 25 states and able to originate mortgages in all 50 states. 

Local North Carolina offices are located in Raleigh and Charlotte. 

 

*Statistics courtesy of City-data.com

**Statistics courtesy of Trulia.com

***Statistics courtesy of Realtor.com

****Statistics courtesy of the Town of Cary

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Topic:
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North Carolina Wake County Cary
Groups:
Independent Brokerages
Flat Fee & Discount Brokers
Tags:
cary nc
cary north carolina
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Rainmaker
589,349
Sharon Kowitz
CRS-SRES-ABR-GRI-E-Pro-CREN Fonville Morisey Cary, NC - Cary, NC
Cary, NC Relocation Specialist ~ Buying or Selling

Welcome to the Area! It's a great location. I have been in Cary for 15 years and a real Estate Agent for 10. I have raised my kids here who both graduated from Green Hope HS. We have planted roots here that can not be broken, it's a great place to live for sure! 

Jun 12, 2015 07:08 AM #1
Rainer
155,621
R. B. "Bob" Mitchell - Loan Officer Raleigh/Durham
Bank of England (NMLS#418481) - Raleigh, NC
Bob Mitchell (NMLS#1046286)

Hi Sharon:  I'll admit, at first I wasn't all that thrilled to end up in Cary.  I originally thought that it was a bit suburban "milk-toast", but my opinion has changed as I've lived here for a couple of years now.  While I still haven't found a good thin crust pizza (not EVERYTHING has to be New York Style!) or a good, reasonably priced place to get a steak, I haven't given up yet!

I also like the fact that it's actually pretty convenient to the entire area.  I can be from my house to Downtown Durham in about 25 minutes, to Downtown Raleigh in about the same or out to the country in about the same....

 

Thanks for your comment!

 

Bob

Jun 12, 2015 07:32 AM #2
Rainmaker
619,407
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
Raleigh - Cary Triangle Real Estate 919-602-8489

Bob, Great post! I tell people we really like circles here in Cary. You have Maynard Rd., the beltline and now 540. You'll always get to where you need to be even if you're going in the wrong direction. Cary is a fabulous area! I moved here 18 years ago and have raised my family here. I love the Triangle in generaly and find something to love about all the towns. We're really blessed to live in such a great North Carolina town!

Jul 02, 2015 01:46 AM #3
Ambassador
521,247
Tracy Santrock
Fonville Morisey/Santrock Realty Group, Inc. - Cary, NC
Raleigh - Cary Realtor/Broker In Charge

Hi Bob,

Great choice with Cary.  I live off of Maynard and Cary Parkway and have lived here for 26 Years...times have changed and the trasformation has been amazing.  So proud to call Cary home!

 

 

Jun 12, 2017 04:48 PM #4
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Rainer
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R. B. "Bob" Mitchell - Loan Officer Raleigh/Durham

Bob Mitchell (NMLS#1046286)
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