Population: 884,891
Growth (2000-2010): 63.4%
Named for Sir Walter Raleigh, who popularized tobacco use, the city’s economic stability once depended heavily on the crop-and the nations love affair with cigarettes.
But these days, Raleigh,now known for the “City of Oaks,” is relying on much more intellectual pursuits. Part of the Research Triangle, which also includes the cities of Durham and Chapel Hill, Raleigh is now home to many tech firms, including Red Hat, the open source software company, and Etix, a web-based ticketing company for sports, entertainment and travel.
With several prestigious universities in the area, including Duke University, the University of North Carolina and North Carolina State, there are plenty of new recruits for these companies to choose from.
Not only do many of the students stay after graduation, but many of their parents have come to live here as well. “The parents have gotten a chance to see the area and some choose to retire here,” said Marvin Butler, chair of the Raleigh Planning Commission.
What does this mean for housing values? Builder Magazine has named the Raleigh-Cary area the healthiest of the 100 largest US housing markets. Housing market rankings were based on a variety of factors, including home price appreciation or depreciation, job growth, household and income growth, unemployment rates and building permit activity. “The rankings reflect both the Triangle’s resilience during the downturn and its outlook for growth,” said Tim Minton, executive vice president of the Home Builders Association of Raleigh-Wake County. “Clearly our market has been able to weather the storm better than most.”
Conclusion: Raleigh is the best place to live!
Sources: leschristie@cnnmoney, raleigh-wake.org






