Job growth, economic diversity, and population growth numbers in North Carolina are among the highest in the country. For real estate investors, the benefits in include high occupancy rates, high renter population, and an affordable entry price relative to other high growth markets. In addition, North Carolina is a business and landlord friendly state. Here are some reports with additional information:
People are moving to North Carolina.
Population growth is an important factor when evaluating real estate markets to invest in. More than ever, people are moving to states and cities that offer a better quality of life. North Carolina’s weather, robust culture, affordability, and access to outdoor activities made it a top-five state for inbound migration, according to North American Moving Services.
North Carolina is business friendly.
North Carolina’s labor supply, cost of doing business, and unrestrained regulatory environment make it Forbes number one state for business, three years in a row (2017, 2018, and 2019). Unemployment rates are low and business taxes among the best in the country.
Premier jobs are growing in North Carolina.
Iconic companies are moving to North Carolina because of its business friendliness and diverse talent from top tier universities like Duke, UNC, and Wake Forest. Among other notable employers, Apple is building a $1 billion tech campus that will add 3,000 jobs and Google is adding 1,000 engineering jobs in the Research Triangle.