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- Raleigh is developing a 5.4-mile BRT line, starting early 2024, operational by late 2025. - The project includes rezoning 744 properties along New Bern Avenue. - The city invested $20 million in a government building for redevelopment into private offices. - The BRT line will feature pedestrian and cyclist paths. - Expected to drive local development, but raises concerns about gentrification and affordable housing. - The project's scope includes direct city engagement in property redevelopment, including the former DMV headquarters. Additional information on <Source>
According to the 2020 US census, the population of Raleigh, NC was 469,698.
The average property price in Raleigh, NC is $437,704.
The property prices in Raleigh, NC are currently on an increasing trend.
The average rent value in Raleigh, NC is $1,662.
The average household income in Raleigh, NC is $102,100.