North Carolina has emerged as one of the top destinations for real estate investment in recent years. With a booming economy and population growth in key metros like Raleigh and Charlotte, investors can find lucrative opportunities in 2020. The Research Triangle region remains a magnet for high-paying tech jobs, fueling housing demand. Meanwhile, Charlotte offers an affordable cost of living and business-friendly conditions. By targeting the right neighborhoods and property types, investors can maximize returns in North Carolina’s standout cities.
Raleigh’s surging economy makes it a prime target
As home to North Carolina State University and dozens of tech companies, Raleigh has one of the fastest-growing economies in the U.S. This has led to rising home values and rents, especially in sought-after areas like North Hills and Downtown. Focusing on single-family rentals near major employers can deliver strong yields for investors in 2020. Leveraging property managers to handle tenant screening and maintenance is key.
Charlotte gains from its business-friendly environment
With its affordable cost of living and talented workforce, Charlotte has become a major financial hub. Major corporations like Bank of America are driving employment growth across industries like finance, manufacturing and healthcare. For real estate investors, buying renovated bungalows and duplexes for rental income near Uptown and Plaza Midwood offers upside. Hiring a reliable property manager is advisable to take care of landlord duties.
With Raleigh’s technology sector and Charlotte’s business climate fueling real estate demand, investors should target these metros. Focusing on neighborhoods near major employers and utilizing property managers can help maximize returns on rentals in North Carolina’s top cities.