Raleigh, NC has experienced exponential growth in recent years, and it’s easy to see why. With plenty of job prospects, higher education options, and real estate investment opportunities, Raleigh is a hot spot for young professionals. Here’s why people are flocking to Raleigh–and why investing in rental property here is a great idea.
Raleigh is a thriving hub for technology, biotechnology, and healthcare, home to some of the largest employers in the Southeast. Startups and small businesses alike can benefit from the abundance of well-funded clients and investors in the area. As for large corporations, they enjoy the luxury of a big-city headquarters without the pricing of, say, New York or San Francisco. In 2016, Raleigh was featured in Forbes as the third best U.S. city for young professionals, and the city continues to top lists of best technical and biomedical jobs.
Raleigh in the middle of the state and in the middle of the east coast, making it an ideal central hub for businesses and travelers. Raleigh is 15 minutes from Cary, 20 minutes from Durham, and 40 minutes to Chapel Hill, all thriving cities in their own right. It’s also surrounded by the suburbs of Apex, Garner, Knightdale, Morrisville, and Holly Springs, all of which offer even more potential clients (and renters).
The Triangle is home to some of the best and brightest healthcare resources in the U.S., like Duke University Medical Center and UNC Medical Center. People across the nation, and even the world, travel to Raleigh to receive care here. Senior people like Raleigh for its temperate climate and its access to health facilities, which is why many choose to retire (and rent) here.
Raleigh is home to some of the best schools in the state and, indeed, the country. NC State University, Duke University, UNC Chapel Hill, and Wake Forest University are just some of the biggest names you’ll see in the form of bumper stickers, T-shirts, and flags. Young people are consistently moving here to attend school, and often decide to stay once they graduate. That’s why you’ll never have a shortage of potential tenants here–our great schools are never going away.
There are so many reasons to buy apartments and condos in Raleigh NC, we just couldn’t fit them all into one blog. If you’d like to read even more reasons to invest in Raleigh property, click here. And if you need help finding or managing Raleigh investment property, contact our agents at Barker Realty. With over 35 years of experience, we have the experience and industry know-how to find you exactly what you’re looking for. To schedule an appointment, click here.
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