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Cary is booming with new developments, including the Jordan project, the Rogers Restaurant and Motel redevelopment, and the Fenton mixed-use development off Interstate 40 and Cary Towne Boulevard.
Short-term rental (STR) describes furnished self-contained apartments or houses that are rented for short periods of time. [1] They are usually seen as an alternative to hotels . "Short stay" rentals are an offshoot of the corporate housing market, [ 2 ] and are also offered by private owners and investors via online platforms such as Airbnb .
Vacation rentals can also negatively affect local communities in a number of ways. While not the major cause of limited affordable housing, vacation rentals negatively affect the long-term housing market in local communities, especially tourism communities. As more short-term rentals increase, the availability of long-term units decreases.
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Cary is a town in Wake, Chatham, and Durham counties in the U.S. state of North Carolina and is part of the Raleigh-Cary, NC Metropolitan Statistical Area. [1] According to the 2020 census, its population was 174,721, making it the seventh-most populous municipality in North Carolina, and the 148th-most populous in the United States. [3]
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