Raleigh Is Still A Great Place To Live Even With Soaring Home Prices

North Carolina is rapidly growing, adding 900,000 new residents in the past decade. I was born and raised in North Carolina. I left for college (Florida) and have lived in other booming cities like Nashville and Manhattan. We relocated to Raleigh from outside NYC in 2017 and only had to spend half our housing budget to get everything we wanted. After being here a few years we have zero regrets and here’s why: 

Southern Hospitality: The people here are nicer, specifically while driving. I know the public transportation is not as extensive as it is in the Northeast, but I can at least get to my destination without hearing multiple car horns. 

Taxes: North Carolina’s property tax rates are nonetheless relatively low in comparison to what exists in other states. The average effective property tax rate in North Carolina is 0.77%, which compares rather favorably to the 1.07% national average.

Here are the 10 states with the highest effective property tax rates:

  1. New Jersey
  2. Illinois
  3. New Hampshire
  4. Wisconsin
  5. Vermont
  6. Texas
  7. Nebraska
  8. Connecticut
  9. Ohio
  10. Rhode Island

We moved here from New Jersey and the amenities there just don’t compare to what we got in North Carolina. The parks in NC are 100% better; it’s cleaner, and the little things like being able to push our stroller on the sidewalks are better too. We were unable to do this in New Jersey because the sidewalks are so uneven and poorly maintained. And NJ is the state with the highest tax rate in the nation! 

Geographical Location: Our weather is mild compared to other areas. We have both the mountains and the beach within driving distance and it’s pretty easy to fly places from our major airports. 

And here’s that list of top 10 hottest housing markets of 2022 according to Zillow:

  1. Tampa
  2. Jacksonville
  3. Raleigh
  4. San Antonio
  5. Charlotte
  6. Nashville
  7. Atlanta
  8. Phoenix
  9. Orlando
  10. Austin

PropertyShark created the list of the 15 cheapest cities with the best weather by looking at US cities with over 150,000 residents and analyzing the cost of housing as well as the climate quality.

Homeowners were only considered for the list if they spent no more than 30% of their earnings on a monthly housing payment.

PropertyShark then factored in the number of days a year with clear skies, rainy days, windy days and days with extreme weather, which is temperatures higher than 90º or lower than 32º.

Charlotte ranked number one, and Raleigh followed closely behind in second place.

 The list of all 15 is provided below:

  1. Charlotte, North Carolina
  2. Raleigh, North Carolina
  3. Columbus, Georgia
  4. Mobile, Alabama
  5. Greensboro, North Carolina
  6. Norfolk, Virginia
  7. Jackson, Mississippi
  8. Shreveport, Louisian
  9. Nashville, Tennessee
  10. Tallahassee, Florida
  11. Chattanooga, Tennessee
  12. Jacksonville, Florida
  13. Memphis, Tennessee
  14. Baton Rouge, Louisiana
  15. Birmingham, Alabama

We’re not surprised that the secret is out! Raleigh is a wonderful place to call home.