North Carolina's capital city has been getting national accolades for years now, with Business Week magazine naming is #34 on a list of America's 50 Best Cities and Forbes Magazine named it the No. 1 Best Place for Business .
Raleigh has made these and many other "best of" lists thanks to its high quality of living, which includes a high median income, plenty of work and education opportunities, and a variety of cultural and entertainment attractions. Buying Raleigh real estate is a smart investment. Here are a few things that make the City of Oaks so great:
Raleigh is home to five universities: N.C. State University, Meredith College, St. Augustine's University, Shaw University, and William Peace University . There are many more specialty and technical colleges and universities, including the rising Campbell Law School.
In addition, the Wake County Public School System is one of the best in the state, and many private schools, magnet schools and charter schools provide a range of options for parents.
Raleigh is home to both the WakeMed and the Rex Health Care systems. Both hospitals provide some of the best medical care in the state, as well as providing thousands of jobs for area residents. These health care systems are some of the biggest employers in the county.
Residents come in from around the state to get health care at one of these hospitals and their many clinics and subsidiaries.
Dining and Entertainment
Raleigh includes a mix of older, establish restaurants and pubs and newer, trendier operations.
Southern Living named Poole's Diner and Stanbury among the "100 Best Restaurants in the South" in its August 2014 issue. Thrillist called Trophy Brewing Company the "Best Pizzeria in North Carolina" in November 2014. Restaurant Hospitality magazine named the drinks at Second Empire Restaurant and Tavern among the "Best Cocktails in America" in November 2014. GQ named the chocolate at Videri Chocolate Factory among "The 50 Best Things to Eat Right Now" in November 2014.
Overall, Women's Health magazine named Raleigh No. 3 among its "Best Up-and-Coming Cities for Art and Culture" in September 2014.
The cost of homes for sale in Raleigh is a little higher than some nearby areas, such as Durham, but the real estate also has a higher potential to increase in value.
The median price of Raleigh homes listed for sale was $223,200 in the last quarter of 2014, but the median selling price of Raleigh homes was $200,050. The median price per square foot was $117, slightly higher than the average for the Raleigh metropolitan area.
Investing in Raleigh real estate is a smart choice since the area is poised to grow and home prices remain low compared to other metropolitan areas. A Raleigh home allows you to experience the best of city living while carving out a small oasis for yourself.