Barker Realty, Inc. – serving Wake County since 1984.
It’s no secret that Wake County’s growth has exploded over the last 15 years. According to the U.S. Census Bureau, Raleigh alone grew by about one million residents between 2010 and 2020.
With that, Wake County has become an area ripe with opportunity for rental investment properties. When searching where to buy rental property, we suggest comparing factors like crime rate and safety, walkability, schools, low vacancy rates, public transportation, and signs of growth – along with financial considerations, of course.
Barker Realty has provided real estate expertise in Raleigh, Cary, and the surrounding areas for 40 years. Here’s where we think are the best places to buy rental property in Wake County today.
Top 5 Places to Buy Rental Property in Wake County:
USA TODAY Homefront recently named Cary the best city to rent in the county. It took first place in the overall study because of its affordability, low crime, good schools, high-paying job market, and access to recreation. It also ranked in the top five for “Best City for Renters with Pets” and “Best City for Single Renters.”
As a rental property investor, Cary is one of the more expensive areas in Wake County, but it shouldn’t stop you from considering this city. The long-term value could really pay off.
WRAL reported in November 2024 that Fuquay-Varina is one of the state’s fastest-growing municipalities, with the population more than doubling since 2010. With plans to grow the downtown and new elementary schools being built, property owners can expect more rental options.
North Hills and Midtown have been a prime spot for real estate for many years. Endless restaurants, shops, events, as well as a variety of housing options, make the area an exciting place to live. The City of Raleigh continues to have big plans for Midtown, and a big focus for the project is walkability. You can bet there will be investment properties worth considering.
Garner has seen incredible growth that makes it an interesting option for investment property owners. World Population Review found that Garner’s population has increased 17.15% since the last census in 2024. It also states that almost 40% of Garner’s population rents instead of owning homes.
Garner will also include two stops in the upcoming Greater Triangle Commuter Rail, better connecting it to the rest of the Triangle.
Cameron Park (also known as Forest Park) in Raleigh is one of the city’s most sought-after areas. It’s close to downtown and walkable, and is near many parks, events, and good schools. If you can snag an investment property in this area, you could reap the benefits for many years.
Other places to consider buying rental property in Raleigh include: Historic Oakwood, Mordecai, Five Points, and Glenwood South.
Barker Realty partners with our clients to bring mutual success through rental property investments. From marketing to managing, our team can help you make the most out of your investment wherever you decide to purchase in Wake County. Contact us today to learn more.
"Let each of you look not only to his own interests,
but also to the interests of others..."
Phil. 2:4
