North Carolina Real Estate Market Analysis

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North Carolina Real Estate Market Performance

Illustration CityNorth Carolina
Homes For Sale
25,204
Average Rental Income
$2,055
Traditional
$3,219
Airbnb
Investment Properties
21,195
Traditional
38,618
Airbnb
Occupancy Rate
94%
Traditional
55%
Airbnb
data trendsOptimal Strategy
Airbnb
logoDiscover North Carolina

In the heart of the American Southeast, North Carolina's housing market stands out as a beacon for real estate investors. With its diverse landscapes from the Appalachian Mountains to the Atlantic coast, the state offers a unique blend of natural beauty and economic vitality, making it an attractive destination for property investments. Recent trends in the North Carolina housing market reveal a dynamic and growing sector. In 2023, the median home value in North Carolina saw a robust increase, reflecting the state's burgeoning demand. This uptick is driven by factors like the influx of tech companies in the Triangle area and the growing popularity of coastal cities like Wilmington and Charlotte. Furthermore, rental yields in key urban centers have consistently outpaced the national average, offering lucrative opportunities for investors. Looking ahead, the North Carolina real estate market shows promising signs of sustainability and growth. Analysts predict a steady rise in property values, fueled by the state's strong job market and influx of new residents. The rental sector, particularly in metropolitan areas, is expected to remain robust, driven by the state's appeal to young professionals and families. For real estate investors, North Carolina presents a landscape ripe with opportunity. Its diverse market, coupled with positive economic indicators, makes it an ideal location for both residential and commercial investments. By staying informed about the latest trends and statistics, investors can make savvy decisions that capitalize on the unique strengths of the North Carolina housing market.

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37%
Mashmeter
Dynamic market opportunity score
Cash on Cash Return
4%
Traditional
5.7%
Airbnb
Cap Rate
4.3%
Traditional
6.08%
Airbnb
Median Property Price$267,500Average Price/Sq.Ft.$328Average Days on Market106Price to Rent Ratio20Market State

Seller’s market

Homes for Sale in North Carolina

Find Properties
403 2nd Street SE
Conover, NC 28613
Conover
Single Family Residential
3 beds2 baths1,642 sq.ft.
CAP RATE
Trad. 3.16%Airbnb 8.00%
1002 Shadow Moss Court
Midway Park, NC 28544
Midway Park
Single Family Residential
3 beds2 baths1,073 sq.ft.
CAP RATE
Trad. 5.52%Airbnb 8.00%
5036 The Woods Road #Lot 12
Kitty Hawk, NC 27949
Kitty Hawk
Single Family Residential
4 beds2 baths2,019 sq.ft.
CAP RATE
Trad. 1.74%Airbnb 8.00%
100 Baxter Grove Road
Moyock, NC 27958
Moyock
Single Family Residential
3 beds2 baths1,080 sq.ft.
CAP RATE
Trad. 5.05%Airbnb 8.00%

North Carolina Homes for Sale

Homes for Sale
25,204

The market for homes for sale in North Carolina is as diverse as the state itself, offering a wide range of opportunities for homebuyers and investors alike. From the historic charm of Wilmington's coastal properties to the modern allure of Charlotte's urban residences, the state caters to a variety of tastes and preferences. As of the latest market analysis, the average listing price for homes in North Carolina stands at around $350,000, with significant variations across different regions. For instance, the Raleigh-Durham area, known for its strong educational and tech sectors, shows an average listing price slightly above this state average, while more rural areas offer more affordable options. The luxury market in cities like Charlotte and Asheville continues to thrive, with high-end homes averaging above $600,000. On the other hand, the market for mid-range homes, particularly in suburban communities, is intensely competitive, with many properties selling quickly due to high demand. This trend is particularly noticeable in areas with growing job markets and expanding infrastructure. For those looking to purchase homes in North Carolina, understanding these regional market nuances is crucial. Whether seeking investment opportunities, relocation, or a second home, the current market offers a variety of options across its urban and rural landscapes. Prospective buyers should monitor the latest market trends and listings to identify opportunities that align with their specific needs and investment goals in the vibrant North Carolina real estate market.

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Best Neighborhoods in North Carolina for Buying Investment Property

When it comes to investing in real estate, the choice of neighborhood is crucial. In North Carolina, certain neighborhoods stand out for their investment potential, driven by factors like economic growth, rental demand, and future development plans. In the bustling city of Charlotte, neighborhoods like NoDa and South End are increasingly popular for their vibrant culture and proximity to the city center, making them attractive for both renters and buyers. Raleigh's North Hills and Cary's Preston area are also gaining attention for their strong job markets and family-friendly environments, offering a stable rental demand. Asheville's West Asheville and the historic Wilmington downtown offer unique opportunities, combining tourist appeal with local charm. These areas are seeing a rise in property values, fueled by their popularity among young professionals and tourists. Meanwhile, smaller cities like Greensboro and Durham are emerging as promising markets due to their affordable property prices and growing economies. For investors seeking properties in North Carolina, these neighborhoods offer a blend of high rental demand, appreciation potential, and quality of life. It's essential to consider factors such as local employment rates, infrastructure developments, and community amenities. By focusing on these key neighborhoods, investors can make informed decisions, capitalizing on North Carolina's diverse and evolving real estate landscape.

Neighborhood Analysis in the North Carolina Real Estate Market

Navassa
Navassa, NC
113%
Mashmeter
property price
333570
Median
cap rate
5.53%
Traditional
8.71%
Airbnb
rental income
$1,538
Traditional
$2,420
Airbnb
homes for sale
12
occupancy rate
52%
Airbnb
Revolution Park
Charlotte, NC
108%
Mashmeter
property price
317498
Median
cap rate
6.13%
Traditional
9.73%
Airbnb
rental income
$1,622
Traditional
$2,573
Airbnb
homes for sale
1
occupancy rate
53%
Airbnb
Airport
Wilmington, NC
97%
Mashmeter
property price
135000
Median
cap rate
16.47%
Traditional
22.03%
Airbnb
rental income
$1,853
Traditional
$2,479
Airbnb
homes for sale
0
occupancy rate
51%
Airbnb
Brentwood
Fayetteville, NC
83%
Mashmeter
property price
115000
Median
cap rate
11.89%
Traditional
19.54%
Airbnb
rental income
$1,139
Traditional
$1,872
Airbnb
homes for sale
5
occupancy rate
61%
Airbnb
Tuckasegee
Tuckasegee, NC
79%
Mashmeter
property price
469950
Median
cap rate
0.00%
Traditional
5.99%
Airbnb
rental income
N/A
Traditional
$2,347
Airbnb
homes for sale
0
occupancy rate
51%
Airbnb

North Carolina Rent Prices

RENTAL STRATEGY STUDIOS 1 BEDROOM 2 BEDROOMS 3 BEDROOMS 4 BEDROOMS
Airbnb$1,788$1,715$2,152$2,671$3,665
Traditional$1,411$1,211$1,371$1,733$2,215

North Carolina Property Trends

trends

As we delve deeper into the North Carolina property market, recent data reveals evolving trends that are shaping investment decisions. In the last quarter, the state has witnessed a remarkable shift in buyer preferences, with a significant increase in demand for suburban and rural properties, reflecting a post-pandemic shift towards more spacious living environments. The latest statistics from 2023 indicate a median price increase of approximately 5.8% across North Carolina, a testament to the state's growing appeal. Furthermore, the average time on market for properties has reduced to 27 days, underscoring a brisk and competitive market landscape. This rapid turnover is particularly pronounced in burgeoning areas like Asheville and Greensboro, where the tech and education sectors are fueling population growth. The luxury real estate segment in North Carolina, especially in upscale neighborhoods of Charlotte and Raleigh, has experienced a surge in both demand and value, with an average price increase of 7.2%. In contrast, the affordable housing segment remains tight, with a lower inventory level, presenting a unique opportunity for developers and investors to meet this critical demand. Investors looking to capitalize on North Carolina's real estate market must consider these nuanced trends. The state's diverse property landscape, from urban luxury condos to serene mountain retreats, offers a spectrum of opportunities. By aligning investment strategies with these evolving trends and leveraging updated market data, savvy investors can navigate the North Carolina property market effectively, making informed and profitable decisions.

North Carolina Real Estate Appreciation and Property Values

The trajectory of real estate appreciation in North Carolina reflects a robust and growing market. Over the past year, property values across the state have shown a consistent upward trend, underscoring the strength and resilience of the market. This appreciation is a clear indicator of the state's economic health and its appeal to both residents and investors. In the last twelve months, North Carolina has experienced an average property value appreciation of around 6.5%, a rate that outpaces many other regions in the country. Specific areas like the Research Triangle Park have seen even higher rates, close to 8%, driven by the influx of technology companies and a booming job market. This appreciation not only benefits current homeowners but also presents lucrative opportunities for new investors. While statewide trends are positive, there are notable regional differences in property value growth. Urban areas and tech hubs, such as Charlotte and Raleigh, are witnessing a faster pace of appreciation due to high demand and economic development. Conversely, more rural areas offer steadier, yet still positive growth rates, appealing to those looking for long-term investment stability. For individuals considering investing in North Carolina real estate, these appreciation rates are a vital factor in decision-making. Understanding the nuances of property value growth across different regions can help in identifying the most promising investment areas. Staying abreast of these trends is key to making informed, strategic decisions in the dynamic North Carolina real estate market

North Carolina Homes for Sale Below Median Price

Find Properties
403 2nd Street SE
Conover, NC 28613
Conover
Single Family Residential
3 beds2 baths1,642 sq.ft.
CAP RATE
Trad. 3.16%Airbnb 8.00%
1002 Shadow Moss Court
Midway Park, NC 28544
Midway Park
Single Family Residential
3 beds2 baths1,073 sq.ft.
CAP RATE
Trad. 5.52%Airbnb 8.00%
5036 The Woods Road #Lot 12
Kitty Hawk, NC 27949
Kitty Hawk
Single Family Residential
4 beds2 baths2,019 sq.ft.
CAP RATE
Trad. 1.74%Airbnb 8.00%
100 Baxter Grove Road
Moyock, NC 27958
Moyock
Single Family Residential
3 beds2 baths1,080 sq.ft.
CAP RATE
Trad. 5.05%Airbnb 8.00%

Airbnb Calculator for Investment Properties in North Carolina

In the thriving market of North Carolina, the Airbnb Calculator has become an indispensable tool for investors. This calculator aids in assessing the potential returns on investment properties intended for Airbnb use. By inputting specific data such as location, property type, and expected occupancy rates, investors can estimate their potential income and expenses, offering a clearer picture of their investment's viability.

This tool takes into account the unique aspects of North Carolina's Airbnb market, including seasonal trends in tourist hotspots, average daily rates, and prevailing occupancy levels. Utilizing this calculator allows investors to make informed decisions, aligning their investment strategies with market dynamics and maximizing their returns in the ever-growing and diverse landscape of North Carolina's Airbnb sector.

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North Carolina Airbnb Occupancy Rate

The Airbnb occupancy rate in North Carolina is a crucial metric for investors and hosts in the short-term rental market. This rate reflects the demand for Airbnb properties and is influenced by various factors including location, seasonality, and local events. In recent years, North Carolina has seen a consistent rise in Airbnb occupancy rates, signaling robust growth in the sector. Recent data indicates that the average Airbnb occupancy rate in North Carolina hovers around 65%, with seasonal peaks often reaching higher. Popular areas like Asheville and the Outer Banks exhibit higher rates, especially during tourist seasons, where rates can surge to over 80%. Urban centers like Charlotte and Raleigh also maintain strong occupancy rates year-round, buoyed by business travel and events. For potential Airbnb hosts and investors, understanding these occupancy rates is vital for forecasting revenue and optimizing rental strategies. Factors such as competitive pricing, quality of accommodations, and effective marketing play a significant role in maximizing occupancy. Additionally, staying attuned to local trends and seasonal patterns is key in aligning property availability with peak demand periods. By leveraging these insights, stakeholders in North Carolina's Airbnb market can enhance their operational decisions and capitalize on the state's growing short-term rental market.

Airbnb Occupancy Rate Calculator
North Carolina Airbnb Occupancy Rate by Number of Bedrooms

Top North Carolina Airbnb Properties

Find Properties
Entire home/apt · 3 beds
Horse farm cabin
1289
Entire home/apt · 1 bed
Cherry Treesort "Miss Molly"
1081
Entire home/apt · 1 bed
Your own condo in uptown Charlotte
1080
Entire home/apt · 2 beds
A charmer!Great spot near downtown.
1072

North Carolina Airbnb Investment Analysis

The Airbnb market in North Carolina has been a growing segment of the real estate investment landscape, attracting both seasoned and novice investors. The state's rich diversity, from the scenic Blue Ridge Mountains to the charming coastal towns, makes it a popular destination for travelers seeking unique lodging experiences. In recent years, North Carolina has seen a surge in Airbnb occupancy rates, particularly in tourist-heavy areas like Asheville and the Outer Banks. The average daily rate (ADR) for Airbnb properties in these regions is around $150, with some premium properties commanding higher prices. The occupancy rate hovers at a healthy 60-70% in peak seasons, underlining the potential for profitable returns. Investment returns vary significantly based on location. Urban centers like Charlotte and Raleigh offer year-round demand due to business and educational tourism, while areas like Wilmington and Boone attract seasonal leisure travelers. Coastal and mountainous properties often see higher ADRs due to their unique appeal but may also face seasonal fluctuations. For those considering Airbnb investments in North Carolina, understanding local tourism trends and regulations is crucial. Investors should analyze specific market data, such as occupancy rates and seasonal patterns, to gauge potential returns. Additionally, staying informed about local zoning laws and Airbnb regulations is key to ensuring a compliant and profitable venture. With a strategic approach, investing in North Carolina's Airbnb market can offer substantial rewards, capitalizing on the state's appeal as a diverse and sought-after destination.

Airbnb Growth and Regulations in the North Carolina Real Estate Market

trends

The Airbnb sector within North Carolina's real estate market has seen significant growth, reflecting a changing landscape in short-term rentals. This surge is attributed to the state's diverse attractions, including cultural hubs, natural beauty, and bustling city life, appealing to a wide range of travelers. In response to this rapid growth, local authorities across North Carolina have implemented varying regulatory measures. Cities like Asheville and Raleigh have introduced specific zoning laws and licensing requirements to balance community needs with the burgeoning short-term rental market. These regulations aim to maintain neighborhood integrity while supporting tourism and investment opportunities. Investors in North Carolina's Airbnb market must navigate these regulatory environments to ensure compliance and maximize returns. For instance, some regions may have restrictions on the number of rental days per year or require special permits. Understanding these local laws is crucial for sustainable and profitable Airbnb operations. The key to successful Airbnb investment in North Carolina lies in staying informed about both local regulations and market trends. By adapting to the regulatory landscape and targeting areas with high tourist demand, investors can capitalize on the growth of Airbnb while contributing positively to the local economy. This strategic approach is essential for navigating the evolving and regulated landscape of North Carolina's real estate market, particularly in the thriving arena of short-term rentals.

North Carolina Rental Properties and Rent Prices

North Carolina Property Analysis
Rental income
$2,055
Traditional
$3,219
Airbnb
Price To Rent Ratio
20
Cash on Cash Return
4%
Traditional
5.7%
Airbnb
Cap Rate
4.3%
Traditional
6.08%
Airbnb
Occupancy Rate
94%
Traditional
55%
Airbnb

The landscape of rental properties in North Carolina is as dynamic as it is diverse, catering to a wide range of preferences and budgets. From bustling urban apartments to serene suburban homes, the state's rental market offers a variety of options for tenants and investors alike. Recent data indicates a steady increase in rent prices across North Carolina, with the average monthly rent now hovering around $1,200. This uptick is more pronounced in high-demand areas such as Charlotte and the Research Triangle, where the influx of businesses and professionals has driven average rents to approximately $1,400 per month. In contrast, more rural and less densely populated areas offer more affordable rental options, with average rents closer to $1,000. For investors, the rental yield in North Carolina's key cities remains attractive. Urban centers with strong job markets and university towns like Chapel Hill and Greensboro are particularly appealing, offering higher rental yields due to consistent demand. Additionally, the state's growing tourism sector is bolstering short-term rental markets, particularly in coastal and mountainous regions, presenting an alternative investment opportunity. Whether one is looking to rent or invest in rental properties, understanding the nuances of North Carolina's rent prices and market dynamics is crucial. With the state's economy and population both on an upward trajectory, the rental market is poised to remain robust, offering valuable opportunities for tenants seeking quality living spaces and investors aiming for solid returns.

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Traditional Rental Properties in North Carolina

trends

In the realm of traditional rental properties, North Carolina presents a vibrant market with diverse offerings. From classic single-family homes in serene neighborhoods to multifamily units in bustling city centers, the state caters to a wide spectrum of renters' needs and investors' objectives. The market for traditional rentals in North Carolina has been experiencing a steady growth, with an annual increase in demand, particularly in family-friendly suburbs and cities with thriving job markets. The average rental rate for traditional properties has seen a moderate rise, with single-family homes in areas like Raleigh and Charlotte fetching an average monthly rent between $1,300 and $1,600, depending on the size and location. For investors, traditional rental properties in North Carolina offer a stable and potentially lucrative avenue. Cities with a strong presence of universities and corporate headquarters, such as Durham and Winston-Salem, are especially promising due to the continuous influx of students and professionals. Additionally, areas experiencing urban revitalization, like parts of Asheville, are emerging as hotspots for traditional rental investments, showing potential for higher rental yields and long-term property value appreciation. Investors considering traditional rental properties in North Carolina should focus on areas with growing populations and robust employment opportunities. By understanding local market trends and tenant preferences, landlords can maximize their investment returns while offering attractive and well-located housing options to a diverse tenant base. With its balanced growth and varied opportunities, North Carolina's traditional rental market stands as a wise choice for real estate investment.

North Carolina Homes for Rent

Find Properties
5212 Blanchette Street
Hope Mills, NC 28348
Hope Mills
Single Family
3 beds2 baths1,128 sq.ft.
704 Contentnea Avenue
New Bern, NC 28560
New Bern
Single Family
3 beds2 baths1,246 sq.ft.
20 Armstrong Road
Etowah, NC 28729
Etowah
Single Family
3 beds2 baths1,400 sq.ft.

North Carolina Transportation

26 / 100
Car-Dependent
27 / 100
Some Transit
31 / 100
Somewhat Bikeable

Transportation in North Carolina is a key facet that significantly impacts both residents and businesses. The state boasts a comprehensive network of highways, making road travel efficient, particularly with major interstates like I-40 and I-85. Public transit options vary across cities; Charlotte offers the LYNX light rail system, while cities like Raleigh and Durham are served by extensive bus networks. Additionally, North Carolina's multiple airports, including Charlotte Douglas International and Raleigh-Durham International, provide vital air connectivity. For those in coastal areas, ferry services offer a unique and scenic mode of transport. This diverse transportation infrastructure plays a crucial role in supporting the state's economy and residents' mobility.

Amenities in the North Carolina Real Estate Market

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Educational Facilities

Educational Facilities in North Carolina

North Carolina is renowned for its strong educational infrastructure, offering a range of top-tier schools, colleges, and universities. The state prides itself on a balanced education system that caters to diverse academic and professional aspirations, from foundational learning to higher education and research.

Top 5 Schools in North Carolina

  • Myers Park High School, Charlotte
  • Raleigh Charter High School, Raleigh
  • Providence High School, Charlotte
  • Ardrey Kell High School, Charlotte
  • Carrboro High School, Carrboro



Top 5 Colleges and Universities

  • University of North Carolina at Chapel Hill
  • Duke University, Durham
  • North Carolina State University, Raleigh
  • Wake Forest University, Winston-Salem
  • Davidson College, Davidson



These institutions are cornerstones of North Carolina's educational excellence, offering quality education, fostering innovation, and preparing students for global challenges. The diversity and quality of these educational facilities make North Carolina a hub of learning and academic advancement.

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Banks

Banks in North Carolina

North Carolina is home to a robust banking sector, characterized by a mix of large national banks and local community banks. These institutions play a pivotal role in the financial health of individuals and businesses across the state. The banking scene in North Carolina is known for its accessibility, customer service, and range of financial products, catering to a diverse set of banking needs.

Top 5 Banks in North Carolina

  • Bank of America: Headquartered in Charlotte, offering a wide range of services and extensive branch network.
  • Wells Fargo: Known for its strong presence and comprehensive banking services.
  • Truist Bank: A result of a merger between BB&T and SunTrust, providing innovative banking solutions.
  • First Citizens Bank: A Raleigh-based bank renowned for personalized customer service.
  • PNC Bank: Offers a broad array of financial services and is notable for its customer-friendly approach.


These banks, with their varied services and extensive networks, contribute significantly to North Carolina's financial landscape, supporting both personal and business banking needs.

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Healthcare Facilities

Healthcare Facilities North Carolina

North Carolina boasts a comprehensive healthcare system, marked by advanced medical facilities and a focus on patient-centered care. The state is home to numerous hospitals and healthcare centers, providing cutting-edge medical treatments and research. These facilities play a vital role in ensuring the health and well-being of North Carolina's residents.

Top 5 Hospitals/Healthcare Centers in North Carolina

  • Duke University Hospital, Durham: Known for its world-class research and patient care.
  • Wake Forest Baptist Medical Center, Winston-Salem: Renowned for its specialized treatment and medical research.
  • UNC Medical Center, Chapel Hill: A leader in comprehensive healthcare and medical education.
  • Atrium Health Carolinas Medical Center, Charlotte: Offers a wide range of medical services and is a major healthcare provider.
  • Vidant Medical Center, Greenville: A key facility in Eastern North Carolina providing extensive medical services.



These top healthcare institutions reflect North Carolina's commitment to excellence in medical care and innovation, ensuring high-quality health services for all residents.

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Real Estate Market Analysis for Investment