FUQUAY-VARINA, NC – A town built on tobacco and agriculture is becoming one of the most desirable towns not just in North Carolina, but the country as well.
What do you want to know
- Fuquay-Varina is located 20 miles south of Raleigh
- There are 67 residential development projects under construction in Fuquay-Varina
- The number of homes under construction in the city is up 120% from two years ago, according to TriPointe Homes
Fuquay-Varina, a suburb less than 20 miles south of the city of Raleigh, was named homes.com’s sixth best suburb to live in. The report considered several factors, including median tuition price, crime index, and school district scores.
The small town’s population has nearly doubled in size over the past decade. According to the 2020 census, 34,152 people call Fuquay-Varina their home.
Homebuilders are scrambling to keep up with demand as people continue to flock to the city, looking to put down their roots. TriPointe Homes began construction of the Johnson Pond subdivision in November 2021.
“There is absolutely no inventory on the market right now. People are coming by everyday looking for a house, want to buy something. As we are launching tourist sites, we are selling them as soon as they arrive in the market,” said James Flanagan, Director of Community Experience for TriPointe Homes.
Flanagan, who has 18 years of real estate experience, says Fuquay-Varina is a great place for homebuyers.
“They’re scouting school districts, getting to work, safety is really important. People are going to check what the crime rate is in the area,” Flanagan said.
A study by Safewise in 2021 placed Fuquay-Varina in the top 10 safest cities in North Carolina.
The Johnson Pond subdivision is one of 67 residential development projects under construction in the city. When completed, it will consist of 57 single-family homes.
“Over the past two years, the number of homes being built in Fuquay has doubled, it’s actually 120%,” Flanagan said.
Like most industries, the residential construction industry is affected by supply chain issues and labor shortages. Flanagan says waiting for specific things, like windows or having the people do the work, causes delays in completion.
“We are unable to develop the land because we don’t have the people to do it,” Flanagan said.
His advice to homebuyers is to set the right expectations and plan the process in eight to nine months from start to finish.
“The way the world is, we can only sell a certain number per month to keep pace with who is going to build a quality house. Realistically the expenses, the way the costs are going up, there’s a good chance that if you’re not buying today, it’s going to be higher tomorrow,” Flanagan said.
With the rapid growth and influx of people, there are more cars on the road and traffic delays. The City of Fuquay-Varina has approved $45 million to fund 30 transportation projects recently completed, under construction, or planned for the future.