As one of the first planned suburban areas in the city of Raleigh, the Five Points neighborhood still embodies the character of “Old Raleigh” even as the area has seen tremendous growth in recent years. Due to its location, Five Points is one of the most desirable and most affluent areas in all of Raleigh.
The Five Points Historic Business District, located at the intersection of Fairview Road, Glenwood Avenue, Whitaker Mill, and Glenn Avenue, serves as the center for five planned developments that make up Five Points including: Hayes Barton, Bloomsbury, Georgetown, Vanguard Park, and Roanoke Park neighborhoods. The area is roughly bounded on the west by Saint Mary’s Street, on the north by Byrd and Oxford Streets and on the east by White Oak Road, Reaves Drive and Carson Street, and on the south by Wade Avenue.
1. Five Points has a wide variety of home choices
Since Five Points was constructed throughout the early 19th century as five separate developments, homes are built in a range of architectural styles, aesthetically tied together through a common use of stone exteriors. Pockets of infill redevelopment today continue to expand the options. Choose from a Tudor Revival or Spanish Colonial in Hayes Barton, a more modest bungalow or ranch in Roanoke Park, or a newly constructed Craftsmen Foursquare home in Fallon Oaks. Whichever your choice, all of these homes are beautiful. The variety of home styles blend together to form a very attractive, historically diverse neighborhood where each street looks completely unique.
2. Unique local retail in Five Points’ historic business district
Walk to the Five Points Historic Business District at the main intersection and find a collection charming local businesses. Antique stores, gift shops, neighborhood conveniences, and an old movie theater built in 1942 share space with a variety of local eateries and established restaurants. Some top favorites include Lily’s Pizza, Hayes Barton Café, Nofo and The Point.
3. Five Points is minutes from the center of Downtown Raleigh
Located just Northwest of Downtown, residents can hop on Capital Boulevard and be in the heart of Raleigh in less than 10 minutes.
4. Five Points is around the Corner from North Hills, Trader Joes, and Costco
Just down the road from Five Points along Wake Forest Road is one of only two Trader Joes stores in the Raleigh area and also Costco. North Hills “Midtown”, one of the premiere shopping and entertainment destinations in the Triangle which includes a Target, a movie theater, two outdoor concert venues, high-end boutiques, and more, is also mere minutes from Five Points.
5. Five Points is within the newly emerging craft brewery district
Raleigh is a prominent craft beer city with over 22 breweries in the Triangle area alone. Between Atlantic Ave and Glenwood Ave along the Southeastern side of the Five Points neighborhood, several new breweries have recently opened, forming a “brewery district”. Whether you are interested in taking a tour to see how your beverage is created or if you want to hang out, play games, and enjoy a local brew, Five Points residents have five different breweries to choose from (Big Boss, Nicklepoint, Blackjack, Sub Noir and Neuse River Breweries) and all less than 5 minutes away!
6. Five Points is a solid, long-term investment in a top-notch housing submarket
A recent article published by the Triangle Business Journal notes that the 27608 zip code, which includes the vast majority of Five Points, has an average home value that exceeds the average home value of any zip code in the Triangle by more than $82,000. With such high surrounding home values, purchasing any home in this neighborhood is a good, long term investment that will appreciate more rapidly than homes most other places in the Triangle.
7. Five Points has a safe, family-friendly atmosphere with many events
Walking the streets of Five Points after work, you will be welcomed by Southern hospitality and a sense of safety. Joggers, dog walkers, and children playing in one of the many mini parks located in a street median will smile and wave as you stroll past. The community comes together for neighborhood events including farmers’ markets, food truck rodeos, and charity events such as the Art and Music Festival at Nicklepoint Brewing. And according to one city crime report, the crime rate of Five Points is 59% lower than the rest of the city of Raleigh.
8. Five Points’ scenic sidewalks make it easy to stroll the community
The sidewalks of Five Points take you around the twists and turns of some of the most gorgeous streets in all of Raleigh. Walking to the Five Points intersection to grab a slice of some of the best cake in world at Hayes Barton Café or to catch an evening showing at The Rialto is not only easy, but also picturesque.
9. Five Points has rare new construction homes options Inside the Beltline (ITB)
Along the Northwestern edges of Five Points, a sprinkling of infill, redevelopment neighborhoods have recently popped up. These neighborhoods, which include both single family residences and upscale townhomes, along with the plethora of teardowns and rebuilds in the area make it possible to purchase a new construction home inside the beltline in Five Points under $400k, though some new construction reaches the $700s. The redevelopment of these older, smaller properties also helps grow surrounding property values.