Real Estate in Raleigh
Things to do
An ever-growing financial sector and a booming job market make Raleigh, NC real estate the perfect location for your investment
Have you ever thought of what would happen if you found a perfect place to live, work, and invest? Don’t search anymore because Raleigh, North Carolina, is where many people are going. The city has affordable living, incredible culture, and unlimited education options. Raleigh is also the second-most educated city in the United States, with about 50% of the adult residents who have successfully completed higher education. Raleigh is one of the most vibrant cities in the South, where tradition and history meet. Such factors have influenced the growth of the Raleigh, NC real estate market. The Raleigh real estate market is booming and it is the perfect place to get a home, land, or invest in all kinds of property. Read on.
History of Raleigh
History of Raleigh
The history of Raleigh began with the formation of Wake County, following a petition by Joel Lane to the North Carolina General Assembly in 1771. The residents built Raleigh between 1789 and 1794. The creation of Raleigh took place after the then state capital, New Bern, could not serve its purpose due to an attack from the British Army during the American Revolution. Raleigh is one of the few cities in the United States planned by the General Assembly and built specifically to be the state capital. In 1972, the state established the city as the county seat and incorporated it as the capital. Raleigh received its charter in 1795, and the residents named it after Sir Walter Raleigh, who sponsored the Roanoke colony. Raleigh experienced exponential growth in the 19th century, including railroads, educational facilities, hospitals, and infrastructure. However, the city faced challenges after North Carolina seceded from the Union. Following the Civil War, there were economic and social problems in the metropolis. Still, it recovered towards the end of the 19th century. The city experienced significant growth from 1959 after the region opened the Research Triangle Park, the most extensive research park in the United States. The city and the surrounding areas experienced a population increase. Since then, Raleigh City has been featured in many “Top 10 Lists,” including by Money magazine and Forbes. Raleigh has become one of the best cities in the South to live and invest in.
Things to do in Raleigh
Things to do in Raleigh
Raleigh has plenty of things that visitors and residents can do, including visiting Pullen Park, one of the world’s oldest amusement parks, which began its operation in 1887. The park offers excellent recreational opportunities for individuals and families, and kids will enjoy the beautiful views and activities.
Traverse the longest hiking trail in North Carolina at the Mountains-to-Sea Trail, stretching more than 1,000 miles from the Great Smoky Mountains to the Outer Banks. Don’t stop there because Juniper Level Botanic Garden is one of the country’s most spectacular gardens. This botanic garden features exotic plants, native perennials, and unusual tree specimens.
You should also have a local experience at Big Ed’s Restaurant City Market, which offers the best Southern-style breakfast in the city. The Southern comfort foods and a welcoming community will make you feel at home. You can also visit other restaurants and coffee shops to have the best culinary experience.
Don’t forget about entertainment because Raleigh is home to some of the best music concerts in North Carolina, including jazz music, mainly during the night. You will have unlimited options for things to do, and only time will be a limiting factor.
Raleigh is found in North Carolina, and is centrally located along the country’s eastern coast. Most of the town is within Wake County, and a small portion extends to Durham County. It occupies 144 square miles, some of which is water because the Neuse River flows through the northeastern part of the city. Raleigh features gently rolling hills sloping eastwards towards North Carolina’s flat coastal plain. It sits in the northeast and central region of the state, where the Atlantic Coastal Plain and Piedmont regions meet. Therefore, Raleigh sits in an area known as the “fall lines,” which marks the elevation inland where waterfalls begin to appear in rivers and creeks. The city forms a crucial part of the famed Research Triangle, and it is 24 miles southeast of Durham. Fayetteville is 63 miles northeast of Raleigh, and it is also 165 miles northeast of Charlotte, the most populous city in North Carolina. Richmond in Virginia is also close to Raleigh. Raleigh’s proximity to other notable cities makes it an ideal location for real estate investments.
Raleigh is the second-most populous city in North Carolina and the 41st-most populous in the United States. Currently, 474,069 residents live in the area, with a population density of approximately 2,826 individuals per square mile. The city embraces diversity and inclusion because 12% of the residents are foreign-born.
Racial and ethnic diversity are factors that attract people to Raleigh. Whites (non-Hispanics) make up 53% of the population, while African Americans account for 29% of the residents. Hispanics account for 10% of the people, and Asians make up 5% of the city’s population. Other ethnicities such as American Indians and individuals of two or more races account for less than 4% of the population.
Many households in Raleigh have a higher income than the national average, with a median household income of $70,000. The city has 187,517 homes, and the poverty levels are low. Half of the population lives in owner-occupied housing units with a median value of $266,900. The housing market is growing, and many people are investing in property in the region.
Arts in Raleigh
Arts in Raleigh
Raleigh is home to world-class museums, art, and cultural attractions that have earned the city its nickname, “Smithsonian of the South.” A local writer coined the name, and the Smithsonian Institution in Washington, D.C., sanctioned it. The North Carolina Museum of Art is the largest museum art park in the United States, boasting more than five millennia of art history. The museum is one of the most significant facilities in the South.
Another important museum, the Contemporary Art Museum, features new art exhibits occasionally. The museum does not have a permanent collection, and visitors will always find new shows. Performing arts have also become a crucial part of the city. This is mainly due to the Coastal Credit Union Music Park at Walnut Creek, which features international touring acts. Residents have unlimited opportunities to view visual arts and performing arts.
Raleigh is a prominent entertainment location in North Carolina because of its music scene. This inspired “Rolling Stone” to name it one of the top eight emerging music cities in the United States. The city’s music scene comes to life after dark, resulting in spectacular entertainment. Some of the hot spots in the metropolis include a speakeasy-style jazz club at C. Grace, national acts at Red Hat Amphitheater, and indie rock at Neptune’s and kings. Such places will entertain you throughout the night.
Schools in Raleigh
Schools in Raleigh
The Wake County Public School System (WCPSS) operates public schools in Raleigh. It is also the most extensive public school system in North and South Carolina. Observers have affirmed that WCPSS is one of the best in the country because of its innovation efforts. It maintains a socially, economically, and racially balanced system by carefully assigning students to schools in the city and surrounding areas. The city is also home to two alternative high schools, magnet high schools, and institutions offering the International Baccalaureate program. There are 11 legislated charter schools and various private schools that promote education in the city. The city boasts higher institutions of learning that have influenced Raleigh to become the second-most educated city in the United States. The city has excellent universities in and around the area. Notable universities include North Carolina State University and Shaw University. The presence of the Research Triangle Park (this is the largest research park in the U.S.) and the universities are some reasons for excellent education outcomes in the city.
Raleigh is one of the best places to live and work in North Carolina, and it is drawing many investors to the South. The city has become a perfect location to invest in real estate because of its impressive supply of well-educated and innovative individuals. About 50% of residents above 25 have a bachelor’s degree or higher. The city offers a strong and collaborative environment, which has made it a destination for many investors. Come to North Carolina and be part of the growing number of happy Raleigh, NC real estate investors. I mean, what other better place is there to get your dream home or property.
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