- Booming Population: North Carolina’s population has surged nearly 10% in the last decade, making it a national leader in growth https://lendai.us/. This translates to high housing demand, fueling a strong market for investors.
- Thriving Economy: Business-friendly policies and a low cost of living are attracting companies to relocate to North Carolina. The state boasts the second-largest banking center in the US, plus major research centers and universities like Duke and UNC Chapel Hill https://www.roofstock.com/. This economic strength translates to a stable market for rentals and potential property value appreciation.
- High Occupancy Rates: With a large renter population, North Carolina boasts impressive occupancy rates across the state. This means less vacancy time for your investment property, leading to more consistent rental income https://www.mashvisor.com/locations.
- Affordable Entry Point: Compared to the coasts, North Carolina offers a more affordable option for entering the real estate market. This allows investors to potentially leverage their investment further and see greater returns https://www.mashvisor.com/locations.
- Diverse Investment Opportunities: Beyond major cities like Raleigh and Charlotte, North Carolina offers a variety of investment options. Popular tourist destinations like Asheville and Wilmington also boast healthy housing markets due to seasonal influxes https://www.roofstock.com/.
- Educated Workforce: North Carolina is home to prestigious universities, fostering a well-educated population. This attracts businesses seeking a skilled talent pool, further solidifying the state’s economic potential https://www.roofstock.com/.
- Low Long-Term Interest Rates: North Carolina has historically enjoyed lower long-term interest rates, making financing an investment property more attractive https://www.landmarkrg.com/.
- Favorable Tax Climate: North Carolina has a relatively low cost of living and a business-friendly tax structure, making it an attractive location for companies and residents alike. This translates to a potentially stable and growing market for real estate https://lendai.us/.
- High Quality of Life: North Carolina offers a desirable quality of life, with beautiful natural areas, mountains, beaches, and a mild climate. This attracts residents and tourists, further bolstering the housing market https://www.roofstock.com/.
- National Recognition: North Carolina has been consistently ranked as one of the best states for real estate investment by publications like Groundfloor https://blog.groundfloor.com/ and Mashvisor https://www.mashvisor.com/locations.
Remember: While North Carolina offers a promising real estate market, it’s crucial to conduct thorough research and due diligence before investing in any property.
Eddie Coleman is the Principal Investment Officer at NC Capital Group. With over 40 years of experience in Commercial Real Estate in North Carolina and South Carolina, his experience spans multifamily, retail, office, historic adaptation, etc. In addition to advising clients and brokering transactions, he has extensive knowledge of North Carolina through experience in corporate site acquisition, development, capitalization, HUD financing, etc. He holds the prestigious Certified Commercial Investment Member (CCIM) designation.
