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Triangle Economic Data
| RALEIGH HOUSING (Corporate Limits) |
| Owner-occupied |
52.3% |
| Renter-occupied |
47.7% |
| Total Units (July, 2003) |
139,259 |
| Median Contract Rent |
$763 |
| Average Home Sale Price |
$234,157 |
| Raleigh % of Wake County sales: 60 percent (Source: ACCRA 4th Qtr. 2002) |
| INCOME |
| Wake Co. Per Capita (2000) |
$36,581 |
| State Per Capita (2000) |
$26,882 |
| MSA Median Family |
$71,300 |
| (MSA = Metropolitan Statistical Area for Raleigh-Durham Region) |
| EMPLOYMENT (ESC 4th Quarter 2001) |
| Manufacturing |
27,571 (7.2%) |
| Mining & Construction |
27,911 (7.3%) |
| Transportation, Communications & Public Utilities |
21,586 (5.7%) |
| Wholesale and Retail Trade |
92,759 (24.3%) |
| Finance, Insurance, & Real Estate |
20,270 (5.3%) |
| Services/Other |
120,629 (31.7%) |
| Government |
70,336 (18.5%) |
| TOTAL |
381,062 |
| Average Annual Unemployment Rates |
| |
2003 |
5 Yr. Average |
| Raleigh |
5.0% |
2.7% |
| Wake County |
5.0% |
2.6% |
| North Carolina |
6.6% |
4.3% |
| United States |
5.8% |
4.6% |
| Estimated Raleigh Employment |
1995 |
180,676 |
| Projected Raleigh Employment |
2025 |
324,833 |
| TRANSPORTATION - Airport and Airlines |
| Raleigh-Durham International Airport (2002) |
| 8.4 million passengers incoming & departing |
| Passengers (daily) 23,215 |
| 123,000 tons of cargo handled yearly |
| Take offs and landings (yearly) 80,765 |
| Cargo tonnage handled (daily) 336 |
| Major Airlines |
| American Airlines |
Northwest |
| Air Canada |
Southwest |
| Air Tran |
TWA |
| Canadian Regional |
USAir |
| Continental |
United |
| Delta |
Skyway |
| 18 Commuter Airlines |
| TRANSPORTATION - Bus, Rail and Transit Authority |
| Amtrak - 111,698 passengers yearly |
| 6 trains daily serving Raleigh |
| CSX Railroad |
| Norfolk Southern Railroad |
| Capital Area Transit (CAT) - City Bus System |
| 43 buses |
15 connector buses |
| 18 fixed routes |
9 connector routes |
| 3.4 million riders per year |
| Triangle Transit Authority - Regional Bus System |
| 29 buses |
Approx. 34,100 riders per year |
| DEVELOPMENT |
| Value of Construction Authorized - 2002 |
| Raleigh |
$1,001,613,936 |
| Wake County |
N/A |
| Residential Lots or Units Approved - 2002 |
| Raleigh |
4,236 |
| 5 Year Average |
3,826 |
| Commercial Building Permit Value - 2002 |
| Raleigh |
$86 Million |
| 5 Year Average |
$179 Million |
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Chris Edwards Group
RE/MAX United Raleigh-Cary
51 Kilmayne Dr., Ste. 100
Cary, NC 27511
Office: (919) 469-6540
Cell: (919) 244-0702
FAX: (919) 469-8444
Email: chris@chrisedwardsgroup.com
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