50 Shorrey Place Youngsville, NC 27596
Community - Triangle Region
Sale Price as (%) of Asking Price
Average Sale Price
Average Days On Market
Data compiled from available Multiple Listing Service sources.
The Research Triangle is an eight-county region in the Piedmont of North Carolina comprising the Raleigh and Durham–Chapel Hill metropolitan areas. In addition to its desirable residential communities, The Triangle is primarily focused on education, business and research, as the name implies.
The diverse landscape of Research Triangle means there is a home in the area for nearly every type of buyer. There are a number of new residential developments with modern conveniences that have evolved in recent years due to rapid population growth. However, you will still discover charming mature tree-lined streets with breathtaking historic homes in neighborhoods such as Louisburg’s Historic District, Raleigh’s Oakwood and Durham’s Forest Hills. Homes in Research Triangle cover a wide range of prices, styles and sizes, but all enjoy the region’s desirable neighborhood features and proximity to notable attractions.
Lifestyle and Attractions
The Research Triangle is home to more than two million residents spread out throughout this eight-county region, making it the second largest metropolitan area in the state behind Charlotte. The points making up the Triangle are Raleigh, Durham and Chapel Hill, each of which hosts a renowned university. Cities located within Research Triangle have received a number of prestigious accolades for its residential superiority, including the Best Place to Raise a Family in America for Raleigh, number seven on the Best Places to Live in the USA for Raleigh and Durham, and the number one Best Place to Live in the Country for Apex.
The world-renowned Research Triangle Park is a 7,000-acre development hosting more than 200 large and small companies, and is one of the oldest, largest and most vibrant research parks in the world. The Triangle is also home to some of the most notable names in the medical and pharmaceutical industries in addition to major companies such as Biogen IDEC, Cisco Systems, Fidelity Investments, IBM and more. Research Triangle is perfectly situated between the Atlantic Ocean to the east and the Blue Ridge Mountains to the west, which are each approximately 130 miles away. The Triangle hosts the Raleigh-Durham International Airport, making both national and international travel in and out of the region convenient for residents. There is an enormous selection of museums, performing arts and event venues, restaurants, shopping centers, and more located within Research Triangle. Read more about the exciting attractions of Raleigh, Durham, Chapel Hill, Wake Forest, Apex and Cary.
Nearby Schools and Higher Education
Research Triangle is a leader in education amongst both the state and nation due to its well-respected institutions of higher education, and overall emphasis on education and research. The Triangle has 17 public school systems, 31 charter schools, 82 private schools and 19 institutions of higher learning. Notable universities within the Triangle include North Carolina State University in Raleigh, Duke University in Durham and the University of North Carolina in Chapel Hill.
The “Triangle” name evolved in the 1950s with the creation of Research Triangle Park. The name originally referred to the three universities who made up the corners of the Triangle, including North Carolina State University in Raleigh, Duke University in Durham and the University of North Carolina in Chapel Hill. Their research facilities and educated workforce they provide have historically served as a resource for businesses throughout the region.
Luther Hodges, who served as the governor of North Carolina from 1954–1961, had the foresight to imagine a place like the Research Triangle Park in order to enrich the area and keep the educated in the area. Once universities, business leaders and city governments were on board, the land for the research park was acquired in 1959. Over time, a number of businesses relocated to RTP, including pharmaceutical companies and the technology giant IBM in the 1980s. This steady influx of corporations and businesses changed the landscape of real estate in the Triangle, as new construction neighborhoods were built to meet demand. Between 1980 and 2008, millions of people were fleeing the job-declining Northeast and the cold and poverty-ridden Midwest, and sought refuge in places like Raleigh-Durham, which offered outstanding job opportunities in a warm and sunny setting.
Properties within a 4.85 mile radius and similar in price (± 10%)