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Research Triangle Park, NC
Thinking of moving to the Research Triangle Park area in NC? The region hosts a dynamic workforce of over 60,000, with nearby communities offering a median home price around $465,000 and average rents of $1,620. Residents enjoy a mild climate with 60% sunny days, commute times averaging 25 minutes, and access to world-class universities and hospitals. With a high educational attainment rate of 48.4%, competitive cost of living, and a vibrant tech-driven economy, RTP is an ideal spot for professionals and families seeking opportunity in North Carolina.
Research Triangle Park is a unique business hub with a daily workforce exceeding 60,000, though it is not a traditional residential city. The surrounding Durham County features a median age of 34.5 and a diverse population, including 54% White, 23.5% Black, and 11% Asian residents. About 12.5% of locals speak languages other than English, contributing to a multicultural community.
The cost of living in the Research Triangle Park area is slightly above the national average, with a cost of living index of 104.3. Median home values are around $465,000 and average rents for a two-bedroom apartment average $1,620, offering a balance between affordability and quality. Utilities, groceries, and healthcare costs remain competitive for the region, making it attractive for professionals and families.
Research Triangle Park, located within Durham County, sees a moderate crime rate with about 300 violent crimes and 2,100 property crimes per 100,000 residents each year. Residents have a 1 in 333 chance of experiencing violent crime, which is on par with many urban areas. The business park environment and surrounding communities benefit from active security and community engagement.
The area enjoys a mild climate, with winter lows around 31°F and summer highs reaching 89°F. Residents experience 60% sunny days annually and nearly 46 inches of rainfall, supporting a lush, green landscape. Seasonal changes are comfortable and make the region ideal for year-round outdoor activities.
Communities near Research Triangle Park offer a median household income of $79,500 and a family income of $92,000, reflecting a prosperous local economy. Educational attainment is high, with nearly half of adults holding at least a bachelor’s degree, and the typical commute is about 25.5 minutes. The area features a diverse population and a low unemployment rate of 3.4%, fostering a vibrant and inclusive environment.
The region is renowned for its educational resources, with excellent public and private schools and proximity to world-class universities like Duke, UNC-Chapel Hill, and NC State. Local schools offer favorable student-teacher ratios, and nearly half the adult population holds at least a bachelor’s degree. This makes the area especially attractive for families prioritizing education.
Residents have access to top-tier healthcare, with major hospitals like Duke University Hospital and UNC Hospitals nearby. The region boasts approximately 3 physicians per 1,000 people and over 91% health insurance coverage, ensuring comprehensive medical support. Healthcare quality is strong, with a healthcare index of 81.2.
The housing market features a median home price of $465,000 and an average two-bedroom rent of $1,620, with most homes being owner-occupied. The area has seen home values appreciate by 6.5% over the past year, and the rental vacancy rate sits at 6.2%. This stable and growing market makes it appealing for both buyers and renters.
Vehicle services are provided by the North Carolina Division of Motor Vehicles, conveniently located in Raleigh and accessible online. Residents can handle driver's licenses, registrations, and other motor vehicle needs through the state DMV. Contact options include phone and the official DMV website for efficient service.
Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.
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