Housing

A Booming Market

In 1993, Cary's official population was 56,621, over 13,000 more people than the census had counted in 1990. By July, 1996 that number had swelled to 76,800.City planners conservatively estimate Cary's population will swell close to 80,000 people by the end of the decade. Small wonder, then, that the housing market in Cary is booming. In fact, construction makes up five percent of all employment in Cary, and the town routinely leads the state in new home construction. The town's housing market is so strong that even when the rest of the states experiences economic downturns, Cary continues to build new homes at a record-breaking pace.

Diversity of Homes

New homes in Cary cover everything from dream homes valued well over $500,000 to small upscale townhomes and condominiums, with plenty of solid single family homes in between. Single-family home building still dominates the construction landscape, but Cary is adding quality multi-family units as well. Among those is Glenaire, a Presbyterian continuing care retirement facility. When it opened in July, 1993, the facility saw its first 82 apartments and cottages filled within a few short months. Its 35 cottages and 114 apartments now boast an occupancy rate of 90 percent. Glenaire offers a range of amenities, from on-site health care and fine dining to a gift shop and bank.

Neighborhoods

One of Cary's strengths in the housing market is its neighborhoods. The planned unit developments that serve as Cary's hallmark offer new houses with solid infrastructure, quality design standards and attractive amenities. But the developments also help foster a strong sense of community. It is that sense that has helped Cary retain much of its small-town atmosphere and closeness, even as it grew beyond anyone's wildest imagination. Cary is a place where houses become homes.