Raleigh suburb on top 10 list of suburban hotspots

A Triangle suburb is ranked among “America’s Top 10 Suburban Hotspots” by Realtor.com.  Apex has been on many lists of favorites in the last few years.

The report looked at ZIP codes of suburban areas outside the nation’s 50 largest metros. Rankings were based on a combination of household growth, listing price growth, and housing supply and demand.

Located southwest of Raleigh, Apex/Friendship landed at No. 10. “It is currently booming with new construction due to the large numbers of people flocking to the area,” the report stated. “Many of those attracted to the area are young professionals drawn to the strong job market, affordable housing and the overall quality of life, including a strong school system.” The report also highlighted its proximity to universities.

According to the report, the Apex/Friendship suburb:

  • had a 25.2 percent growth in the number of households between 2010 and 2017;
  • saw houses spend an average of 41 days on the market in 2016 – 18 days less than in other suburban areas included in the study; and
  • between 2013 and 2016, listing properties grew at an annualized rate of 11.6 percent.

Looking at the top 20 suburbs, the only other North Carolina suburb to make the list was Wildwoods/Allen/Mint Hill in Charlotte, which ranked No. 12.

by: Marc DeRoberts, Triangle Business Journal

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