What percentage of people rent in Cary, NC?

33.4% (±1.7 points) of the occupied homes in Cary, NC are rented (2020–2024 American Community Survey).

That is 23,271 renting households against 46,439 that own their home.

In Cary, the share of households that rent went from 31.6% in 2015–2019 to 33.4% in 2020–2024 (+1.8 percentage points), not a measurable change.

Figures last updated on .

Households that rent
33.4% (±1.7 points)
Renting households
23,271 (±1,315)
Median renter income
$87,296 (±$6,256)

Who rents and who owns in Cary

Tenure, estimate (90% margin of error)
CaryWake CountyNorth CarolinaUnited States
Renter-occupied share33.4% (±1.7 points)35.9% (±0.7 points)33.4% (±0.2 points)34.8%
Renting households23,271 (±1,315)165,106 (±3,068)1,428,852 (±8,279)45,017,354
Owning households46,439 (±1,298)295,069 (±3,419)2,853,493 (±14,473)84,210,142
Average renter household size2.3 (±0.1)2.2 (±0.0)2.3 (±0.0)2.3
Average owner household size2.7 (±0.1)2.7 (±0.0)2.5 (±0.0)2.6
Median renter household income$87,296 (±$6,256)$65,172 (±$1,743)$48,010 (±$418)$52,966
Median owner household income$168,357 (±$5,569)$136,256 (±$2,266)$88,911 (±$521)$100,009

In Cary, the renter share is lower than in Wake County (35.9%).

It is not measurably different from North Carolina (33.4%).

It is not measurably different from the national figure (34.8%).

In Wake County, Cary ranks 6 of 12 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 300 of 663.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How renting in Cary has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Households that rent31.6% (±0.9 points)33.4% (±1.7 points)+1.8 percentage pointsNot a measurable change
Median gross rent$1,246 (±$24)$1,738 (±$30)+39.5%Up after inflation
Median household income$104,669 (±$1,788)$134,905 (±$3,712)+28.9%Up after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Households that rent in places near Cary

Nearest places with a published estimate, compared with Cary
PlaceDistanceHouseholds that rentCompared with this place
Cary—33.4% (±1.7 points)—
Morrisville3.9 mi54.6% (±3.8 points)Higher
Apex5.0 mi23.5% (±2.0 points)Lower
Holly Springs8.9 mi19.4% (±2.4 points)Lower
Raleigh11 mi49.3% (±1.1 points)Higher
Governors Village12 mi39.9% (±13.9 points)Not measurably different
Fuquay-Varina13 mi25.8% (±3.6 points)Lower
Governors Club13 mi2.7% (±3.4 points)Lower
Garner13 mi36.8% (±3.9 points)Not measurably different

Nearby places with a measurably lower figure: Apex, NC (23.5%), Holly Springs, NC (19.4%), Fuquay-Varina, NC (25.8%).

Nearby places with a measurably higher figure: Morrisville, NC (54.6%), Raleigh, NC (49.3%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Households that rent across Wake County, place by place

RankPlaceHouseholds that rent
1Morrisville54.6% (±3.8 points)
2Raleigh49.3% (±1.1 points)
3Zebulon37.3% (±8.7 points)
4Garner36.8% (±3.9 points)
5Knightdale35.3% (±5.1 points)
6Cary33.4% (±1.7 points)
7Wake Forest26.0% (±3.7 points)
8Fuquay-Varina25.8% (±3.6 points)
9Apex23.5% (±2.0 points)
10Wendell21.8% (±6.6 points)
11Holly Springs19.4% (±2.4 points)
12Rolesville7.5% (±5.2 points)

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

What you can do on Seayora in Cary

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Questions about Cary

How many renters are there in Cary?

Cary has an estimated 23,271 (±1,315) renting households, 33.4% of its occupied homes (2020–2024 American Community Survey).

Is renting growing in Cary?

In Cary, the share of households that rent went from 31.6% in 2015–2019 to 33.4% in 2020–2024 (+1.8 percentage points), not a measurable change.

How big are renting households in Cary?

A renting household in Cary has 2.3 people on average, against 2.7 in an owned home.

How much do renters earn in Cary?

The median renting household in Cary, NC has an income of $87,296 (±$6,256) a year, against $168,357 for households that own their home.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Cary town, North Carolina (place:10740, in state:37).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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