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These days, finding an affordable place to live in the Cary area can be challenging. Home prices in Cary are now at a median cost of $588,849, higher than the North Carolina average of $323,314.
The average cost of rent is $1,914/mo in Cary, primarily driven by the current value of real estate in the Cary area. In Cary, 33.76% of households rent, and 30.64% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cary is $12,222 per month. Households that rent pay about 15.66% of their income on rent here. Cary’s most expensive areas are in the western regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Morrisville, NC: less expensive homes
- Apex, NC: equally priced homes
- Holly Springs, NC: equally priced homes
- New Hill, NC: equally priced homes
- Raleigh, NC: less expensive homes
- Hollemans Crossroads, NC: less expensive homes
- Pine Hurst Park, NC: less expensive homes
- Fearrington, NC: higher priced homes
- Garner, NC: less expensive homes
- Haywood, NC: less expensive homes
Cities with Similar Populations
- Charleston, WV: less expensive homes
- Champaign, IL: less expensive homes
- Charlottesville, VA: less expensive homes
- Chapel Hill, NC: less expensive homes
- Chesapeake, VA: less expensive homes
- Charleston, SC: less expensive homes
- Cheyenne, WY: less expensive homes
- Clarksville, TN: less expensive homes
- Chicago, IL: less expensive homes
- Alexandria, VA: higher priced homes
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