Baby boomers are picking up sticks and relocating to the Triangle in droves, according to new data from the U.S. Census Bureau.
Between 2020 and 2023, the number of residents aged 65 and over jumped by 18.3% in the Raleigh-Cary metro area, making it one of the fastest-growing areas for this demographic in the country.
That surge is reshaping the Triangle housing market as developers rush to build enough houses. At one end, it’s driving up demand for more affordable senior housing amid a chronic housing shortage and rising prices. At the other end, it’s spawning resort-style housing aimed at people aged 55 and over…