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Cary, NC Named Best City for Renters

Cary, NC Named Best City for Renters

by | Jan 13, 2025 | Cary Investment Property, Cary Property Management, Featured Article, Local Property Management, Manage Investment Properties, Property Selection

Cary, NC, located in the Raleigh, NC metro area, is one of the best cities for Renters in the country.
Cary, NC, located in the Raleigh, NC metro area, is one of the best cities for Renters in the country.

Cary, NC Tops the List of Rental Markets

In a 2024 study, USA TODAY Homefront ranked 315 U.S. cities to find the best city for renters, and the Town of Cary, NC came out on top, surpassing Raleigh at No. 11.

The study used 19 key metrics to determine the best cities for renters based on the best cost incentives and optimal quality of life benefits. Researchers compared cost of rent, renter incomes, rental inventory with number of bedrooms, prevalence of others renting, schools, daycares, restaurants, crime rates, recreation, walkability, pet friendliness, and more.

Cary was named No. 1 because of its affordability, high-paying job market, low crime, access to recreation, and good schools.

The town also won the “Best City for Renting Families” category. There are nearly seven childcare facilities per 1,000 children, and Research Triangle Park provides ample job opportunities. This makes Cary a popular spot among millennials to settle down with their families.

Cary was in the Top 5 for two other categories, as well: No. 2 for “Best City for Renters with Pets” and No. 4 for “Best City for Single Renters” – both thanks to a high walkability score.

Nine other North Carolina cities ranked in the top 190. For comparison, the lowest rank was Menifee, California with a score of 53.1 and a typical rent of $2,682.

Rank City Score Typical Rent
1 Cary, NC 100 $1,719
11 Raleigh, NC 90.7 $1,684
37 Wilmington, NC 85.6 $1,732
69 Concord, NC 81.6 $1,783
76 Durham, NC 80.9 $1,676
103 Winston-Salem, NC 79.0 $1,459
107 Charlotte, NC 78.5 $1,787
121 Fayetteville, NC 77.6 $1,359
134 Greensboro, NC 76.7 $1,363
184 High Point, NC 73.8 $1,531

Whether you are looking for a place to rent, property management services, or someone to sell your commercial real estate, the team at Barker Realty can help. With over 40 years as a local, family-owned business in Raleigh, Cary, and Wake County, you can trust you are working with a real estate company that strives to provide personal attention and exemplary service. Contact us online or call 919-859-0044.

Cary, NC Rankings

Overall:

Rank City Typical Rent Annual Renter Income Percentage of Renters Rent-Burdened Percentage of Rental Vacant
1 Cary, NC $1,719 $73,872 42.3% 18.3%

Families:

Rank City Percentage of Renters that are Families Percentage of Rentals (Two Bedroom or More) Crime Rate per 1,000 Residents School Score Childcare per 1,000 Kids Under 5
1 Cary, NC 22.5% 68.1% 10.5 8 6.8

No. 4 Best City for Single Renters:

Rank City Percentage of Rentals (Studio or One Bedroom) Percentage of Population Age 20-39 Walkability Score Bars per 1,000 Residents
1 Cary, NC 22.5% 68.1% 8 6.8

Cary also ranked No. 2 for best city for renters with pets:

Rank City Percentage of Pet-Friendly Rentals Walkability Score Percentage of Vacant Rentals Percentage of Residents Renting
1 Overland Park, Kan. 58.4% 35 9.4% 40.6%
2 Cary, NC 29.6% 28 18.3% 33.1%

 

Essential Spring Property Maintenance Tips from a Raleigh Property Manager

by | Apr 19, 2024 | Manage Investment Properties, Repair & Upgrades, Tips for Landlords, Tips for Property Investors

Importance of Regular Property Inspections

As a property manager in Raleigh, I can’t stress enough the importance of regular property inspections, especially as we transition into the spring season. Inspections help identify any potential issues early on, allowing for timely repairs and preventing costly damages down the road. By staying on top of maintenance tasks and keeping a close eye on your property, you can ensure that it remains in top condition for your tenants.

Top Spring Maintenance Tasks for Rental Landlords

Spring is the perfect time to tackle some essential maintenance tasks that will help keep your property looking its best. Start by inspecting the roof for any signs of damage or wear and tear. Clean out gutters and downspouts to prevent water damage and ensure proper drainage. Check windows and doors for any drafts or leaks and seal them accordingly. Inspect the HVAC system, change filters, and schedule a professional tune-up if needed. Lastly, don’t forget to spruce up the landscaping by trimming hedges, mowing the lawn, and planting fresh flowers to enhance curb appeal.

How to Extend the Lifespan of Your Property’s Exterior Features

One of the keys to maintaining a rental property is taking care of its exterior features. To extend the lifespan of your property’s exterior, start by regularly cleaning and inspecting the siding, trim, and paint. Look for any signs of peeling or fading and address them promptly to prevent further damage. Pressure wash the exterior to remove dirt, grime, and mildew buildup. Check the condition of the deck or patio and repair any loose boards or damaged areas. Lastly, inspect the driveway and walkways for cracks or potholes and make necessary repairs to ensure safe and smooth surfaces for your tenants.

By following these essential spring maintenance tips, you can ensure that your rental property remains in top condition and retains its value for years to come. Remember, proactive maintenance is key to preventing costly repairs and maintaining happy tenants. So roll up your sleeves, grab your toolbox, and get ready to tackle those spring maintenance tasks with confidence!