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We then ranked each place from 1 to 138 for the criteria mentioned above with 1 being the best for that criteria. We averaged the rankings to create a "best place to buy" index with the place having the lowest index being the best. So of the 0 cities and towns in North Carolina, only 138 places made it through our initial filters to even be considered. So all that thinking has come to this moment where we get to spell out how we'd approach finding an up-and-coming place to live in North Carolina. Put differently, the analysis will try to find places in North Carolina with undervalued homes relative to pent up demand.
But Harris adds that finding your dream second home in Brevard will not be an issue if you start your search early and act fast. "Real estate in Brevard and the surrounding area is in high demand, with a rapidly dwindling supply of homes," says Billy Harris of Beverly-Hanks, Realtors. "We are now starting to see a similar demand for lots and acreage tracts as buyers are forced to build." So, if you'd like to make North Carolina your second home, read on for a list of the best, expert-recommended places to invest in a vacation property. Whether you're after idyllic mountain vistas or pristine beaches, the Old North State has it all.
Greensboro-Winston-Salem-High Point
49 Niche users give it an average review of 4.3 stars. 15 Niche users give it an average review of 3.8 stars. We use data, analytics, and a sense of humor to determine quality of life for places across the nation.
The average home sale price in the town of Duck, for example, went up by almost 40% from 2019 to 2021. Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. We were in real estate for almost five years and have been working on this site for another three.
Mills River
Home prices spike and drop quickly, and a knowledgeable realtor will help you navigate the ups and downs of the market. Clever’s Concierge Team can help you compare local agents and find the best expert for your search. We've improved the traditional real estate model with modern technology to cut costs, not quality.
The average rent for a Winston-Salem two-bedroom apartment is a healthy $1,551. Affordable home prices make Winston-Salem a competitive market for rental investors hunting for a bargain and promising growth indicators. The city’s median home value is $218,911, more than 35% lower than the national median home value. But home values in Winston-Salem are unlikely to stay low for long. In fact, prices have skyrocketed by 84% since 2015 and around 13% in the past year alone. Raleigh is a family-friendly city that is expected to experience continued growth due to abundance of developable land, job growth and recreational attractions.
Alexander County
These rising home values signal potentially significant gains for real estate investors. Whether you’re looking to purchase an Airbnb investment, multi-family investment apartments or a single-family rental home, our list could help you pinpoint the best cities for your venture. North Carolina has some of the most beautiful beaches in the United States, and investing in one of the best places to buy a beach house in North Carolina is guaranteed to harness good rental income. To say nothing of the fact that you yourself may just decide to stay in one of these stunning locations for a good part of the summer. Explore the best suburbs to buy a house based on home values, property taxes, home ownership rates, housing costs, and real estate trends. Expansive coastal views, small towns, delicious seafood, and world-class golf facilities are the main draws of these beautiful barrier islands.
It is not uncommon for people to purchase a second home in North Carolina. Most commonly, people purchase a home to live in during the summer months. Having a summer home in North Carolina is a great way to stay cool during the peak of summer. It is also a great investment as the home can be rented out to guests using Airbnb or Vrbo. There are so many great places to own a summer home in North Carolina narrowing your options down can prove to be a tough task.
As of 2021, 39% of Durham residents rent, paying an average of $1,413 for a two-bedroom apartment. In Greensboro, 38% of residents rent, indicating a healthy market demand for rentals. However, it's worth noting that the average rent for a Greensboro two-bedroom apartment is $1,274, the lowest rate on our list. Investors should view Greensboro as a longer-term bet with the potential for substantial future value.
Doing some upfront research and comparing options to find the best rate could save you tens of thousands of dollars over the life of your loan. Spring is also typically the most expensive time to buy in North Carolina. From March to May, one in every four houses sells above its list price. If selection is more important to you than price, you’ll want to look in the spring.
This high renter population makes Raleigh one of the best markets in the state for rental property investors. The average rent for a two-bedroom apartment in Raleigh is $1,735, the second-highest rent of any city on our list. In 2021, North Carolina saw the fourth-highest population growth of any state, making it one of the best places for real estate investment in the United States. Newcomers are flocking to the Tar Heel State’s metropolitan areas, beaches and mountains, which makes rental properties in the state a potentially lucrative investment.
Plus, it’s also home to the Piedmont region, a plateau with waterfalls and rapids between mountains and coastal plains. As if that wasn’t enough lush nature, North Carolina’s eastern region is the coastal plain adorned with beaches, long-lead pines, and swamps too. This state is a budding area for aspiring conservationists—60 percent of it is forested—with 35 state parks and eight wildlife refuges. Best of all, real estate investors who find an agent through Clever can easily take advantage of North Carolina's buyer rebate opportunities. You can receive up to 0.5% cash back at closing, which you can use to offset closing costs, get your new property ready for renters, or simply enjoy as extra money in your pocket. From Charlotte's fast-growing neighborhoods to Durham's rich cultural attractions, North Carolina offers a wealth of real estate investment opportunities.
You can meet as many agents as you like until you find the best one to advise you on your real estate investment journey. Homeowners at River Landing, you will have convenient access to all of the incredible amenities that the community has to offer. If you are interested in purchasing a summer home in eastern NC River Landing offers a diverse selection of homes and lots. Whether you want a move-in ready home or a lot to build your dream home, we have an option for you. "Lake Lure is a really hot area for vacationers — one of the fastest-growing in the U.S.," says Lane Robbat, a broker with Premier Sotheby's International Realty. The median list price has increased almost two-fold since last year to $699,000, according to data from real estate website Movoto.com.
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