In 2024, North Carolina experienced remarkable net migration, further establishing itself as one of the fastest-growing states in the United States. Driven by affordability, a thriving job market, and a high quality of life, the state attracted thousands of new residents. This influx was particularly pronounced in certain counties and cities, reshaping the state’s demographic and economic landscape.
Reasons for Migration
- Affordable Housing and Cost of Living: Compared to metropolitan areas in the Northeast and West Coast, North Carolina offers affordable housing options. Counties like Johnston, Cabarrus, and Union saw significant population increases due to their proximity to major cities like Raleigh, Charlotte, and Concord, while still offering lower housing costs.
- Economic Opportunities: North Carolina continues to lead in industries like technology, clean energy, and life sciences. The Research Triangle region, encompassing Wake, Durham, and Orange counties, has been a major draw for tech professionals. Similarly, Charlotte and Mecklenburg County, a financial hub, attracted both young professionals and families seeking lucrative career opportunities.
- Lifestyle and Climate: The state’s mild climate and access to outdoor recreation, such as the Blue Ridge Mountains and the Outer Banks, make it a desirable place to live. Coastal counties like Brunswick and New Hanover saw increases in population due to retirees and remote workers drawn to beachside living.
- Remote Work: The rise of remote work has allowed individuals to prioritize lifestyle over office proximity. Suburban areas like Chatham County, part of the Research Triangle, and exurban regions like Harnett and Lincoln counties have benefited from this trend, with new developments catering to remote workers.
Counties and Cities Experiencing Growth
- Wake County: Home to Raleigh, Wake County has been a leading destination for migration due to its strong economy, excellent schools, and cultural amenities.
- Mecklenburg County: Charlotte, the state’s largest city, continues to grow as a financial and cultural hub, drawing both businesses and individuals.
- Brunswick County: Located along the southern coast, this county saw a surge in population from retirees and vacation home buyers.
- Johnston County: Just southeast of Raleigh, this county is growing rapidly due to its affordable housing and convenient location near the Research Triangle.
- Durham County: With Duke University and a thriving healthcare and tech sector, Durham remains a magnet for highly skilled professionals.
- Cabarrus County: Located just outside Charlotte, this county has become a hotspot for families seeking suburban living with access to city jobs.
Implications of Increased Migration
- Housing Demand and Shortages: Areas like Wake, Durham, and Brunswick counties are experiencing high demand for housing, driving up prices and creating concerns about affordability. This has led to a surge in residential development but also to housing shortages in some regions.
- Need for expanding Infrastructure: Rapid growth in counties like Johnston and Union has strained local infrastructure, including roads, schools, and public services. State and local governments are investing in transportation and public projects to address these needs.
- Economic Growth: Population increases have been a boon for local economies. Retail, construction, and service industries in rapidly growing areas like Charlotte and the Triangle have thrived due to the influx of residents.
- Shifts in Political and Social Dynamics: The arrival of new residents from diverse regions is reshaping the cultural and political landscapes in North Carolina. Suburban and urban areas, in particular, are becoming more politically diverse as new voters influence local and state elections.
Conclusion
In 2024, counties and cities across North Carolina experienced robust population growth, driven by the state’s affordability, strong job market, and appealing lifestyle. However, challenges such as housing shortages and infrastructure strain must be addressed to sustain this growth. With strategic planning and investment, North Carolina is well-positioned to remain a top destination for new residents and a leader in the Southeast.
Citations:
- U.S. Census Bureau: Population Estimates
- National Association of REALTORS®: Migration Trends Report
- Associated Press: Exurban Growth
- Local News Reports on County Growth: WRAL
Doug has held income properties in North Carolina for more than 20 years. He holds a North Carolina broker’s license, and is a member of the National Association of Realtors and the Triangle Real Estate Investors Association. A lifelong learner, he holds an MBA and a PhD in business, and continues his education by attending meetings of the Society of Exchange Counselors and the National Counsel of Exchangors. In addition to his extensive real estate activities, Doug enjoyed a successful career in academia, achieving the rank of Full Professor in the Cameron School of Business at UNC Wilmington. He was honored with research and teaching awards, served as Director of the MS Computer Science and Information Systems program, and was awarded the endowed position Distinguished Professor of Information Systems.