Construction Value
$241.8M ▼ 21.8%
Units Permitted
1,052 ▼ 17.5%
Avg Value / Unit
$230K
2024 · Census Bureau Building Permits Survey
Construction activity in Cary slowed in 2024, down 17.5% from the prior year with 1,052 housing units permitted. At $230K per unit, new builds are in line with the Wake County average of $237K. Volume is 326% above the county average of 247 units, suggesting faster-than-typical growth. 64.8% of new units were multi-family (apartments, condos, duplexes).
Housing Mixi
Development Densityi
Units per building permitted
Mostly single-family with some small multi-unit buildings.
Construction Intensityi
$1K
per resident
County avg: $4K-62%
$4.0M
per square mile
Cary vs. Wake County Averagei
Where the Money Goesi
Construction value by housing type (2024)
| Type | Units | Bldgs | Value | Share |
|---|---|---|---|---|
| ■ Single-Family | 370 | 370 | $120.6M | 50% |
| ■ Duplex | 2 | 1 | $573K | 0% |
| ■ 3-4 Unit | 0 | 0 | — | 0% |
| ■ 5+ Unit | 680 | 16 | $120.6M | 50% |
County Ranking by Construction Volume
Among 12 permit-issuing towns in Wake County
Historical trends, year-over-year analysis, and full permit history available with a paid plan. See products & pricing →