What is the Triangle in NC?
October 02nd, 2020
What is the Triangle in North Carolina?
One of the most common questions we receive is 'what is the Triangle in NC?' - Click here to search for Triangle Real Estate
The Research Triangle area in North Carolina is named after the three prestigious universities of Duke, UNC-Chapel Hill, and North Carolina State University. These three institutions are located in the three cities of Raleigh, Durham, and Chapel Hill, which, if connected by an imaginary line on a map would form a Triangle. This is why the area is referred to as the Triangle area of NC.
The current estimated population of the Triangle or the Research Triangle is estimated to be around 2,079,687 in the combined statistical area. This makes it the second-largest combined statistical area in North Carolina (with the first being the Charlotte area).
Research Triangle Park
The Research Triangle Park, which is also known as RTP, established itself in 1959 and became a primary driver for economic growth in the Triangle area. It's fairly close to the middle of the 'Triangle' and thus the name Research Triangle Park (RTP). The park is bounded by the cities of Cary and Morrisville, which along with Raleigh, Durham, and Chapel Hill have become hotbeds for the technology industry. Today, the Research Triangle Park is home to many of the world's top technology and healthcare companies and the list of great companies continues to grow. The list of businesses in RTP currently sits around 300 and includes companies like IBM, Cisco, Microsoft, NVIDIA, GlaxoSmithKline, and more.
Oftentimes the Research Triangle Park is referred to a miniature Silicon Valley thanks to the density of technology companies that operate in the area.
Thanks to the Research Triangle Park the surrounding cities of Cary, Morrisville, and Apex have seen a large uptick in their economic growth. With so many folks moving to the Raleigh area for job changes or better ways of life the neighboring towns have experienced a large growth in their populations. Specifically, cities like Holly Springs, Fuquay-Varina, Garner, Clayton, and Wake Forest.
Located near the Research Triangle Park you'll find the Raleigh-Durham International Airport which is continually growing, adding new flights, and bringing in new airlines to assist with the increased demand of folks doing business and living in the Triangle. The Raleigh-Durham International Airport, also known as RDU is one of the many reasons Raleigh and Durham have experienced so much growth. The airport is clean, efficient, and helps folks to travel for business or pleasure throughout the United States and Internationally.
Moving to the Triangle Area
If you're one of the many folks moving to the Triangle area you'll likely want to contact a local real estate company to help assist in you researching the area. Additionally, you can visit any of our blog articles which are great local resources for anyone who may not be familiar with the Triangle area. More often than not people are relocating to the Triangle for a job change or a better quality of life. A conversation allows us to help you get to know the area before you even arrive, this way you have a good understanding of what to expect.
Homes in the Triangle
One of the many reasons so many people are moving to the Triangle is the affordability of homes for sale in our area. You will find homes priced around the $300,000 mark on average and that number continues to grow as more and more people are looking to relocate. Many folks are moving to the Triangle from California or one of the colder cities in the north thanks to the affordability, the weather, and the overall quality of life that North Carolina offers.