Monday, September 8, 2008

What is Midtown Raleigh?




What is Midtown Raleigh?


For the past decade or more, Raleigh has been searching for its “Midtown”. But the wait is over, and really has been over since 2005.

Most people think that it is equivalent to North Hills, but it is much more than that. Midtown magazine considers it every area within the 27609 zip code. The News and Observer includes some areas inside the beltline, around Whitaker Mill Road and as far east as Brentwood. According to the Greater Raleigh Chamber of Commerce, Raleigh's midtown includes the Five Points neighborhood to the south, extends northwest about five miles to N.C. 50, follows Millbrook Road east to U.S. 1, then southwest to Wade Avenue. An easy way to define it is to go north of the I-440 Beltline up to Millbrook Road (some go as far as Lynn Road) between Fall of Neuse Road on the East and Glenwood Avenue on the West.

An urban feel with suburban convenience, according to the Chamber, a midtown district comprises of homes, convenient to shopping, school, major roads and entertainment. It is not downtown, but it does have a higher density, for example, than neighborhoods north of I-540, with walk able elements.

Since the idea of Midtown has caught on, property values of surrounding neighborhoods have averaged an annual appreciation of 8-10%. It is quickly becoming a destination for home buyers, similar to the “inside the beltline” feel.

How many of us wish we could have purchased property in the area when it was just considered North Raleigh? My parents purchased a home on Currituck in North Hills in 1971. You don’t know how many times I have wished they had kept it! But things do come full circle, and I am raising my children in the Midtown area in Quail Hollow.

So if you are considering a home in the area, or if you just want more information about the Midtown area, please visit me at http://liveinraleighmidtown.com/. We will be updating our blog on Midtown frequently, so please bookmark our site and visit us often. We will be focusing on all things Midtown, not just the real estate market, but on restaurants, things to do, and much more. Also, if you know of something going on, please let us know, we would love to include it.


Lisa

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