Fun Fact: On average, 64 people move to Raleigh each day!
With Raleigh recently named among the top relocation destinations in the US, we bet you are curious how that is going to affect us in the future.
According to the US Census Bureau, the Raleigh metro’s populationincreasedfrom ~1.2 million in 2015 to ~1.5 million today — with an average annual increase of roughly 2% or 29,000 people. To put that into perspective, imagine filling PNC Arena one-and-a-half times.
What accounts for the boom? For one thing, the availability of developable land. Opportunity zones and a sprawling suburban and exurban landscape provide varied options for builders. Other contributing factors include the availability of jobs, economic stability, (relatively) affordable housing options + cultural and recreational amenities.
So, what do these growth rates mean for Raleigh’s future? Population forecasts predict that Raleigh’s residents will grow to ~600,000 by 2030.