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:
Barker Realty, Inc. has been managing properties in the Raleigh Metro area since 1984.
Consider Your Specific Needs and Priorities
When looking for a property management company, it’s important to first consider your specific needs and priorities. Are you looking for a company that specializes in managing residential properties, commercial properties, or both? Do you have a specific budget in mind for property management services? By identifying your needs and priorities upfront, you can narrow down your search and find a company that is the best fit for you.
Research Potential Companies and Ask for Recommendations
Once you have a good idea of what you’re looking for in a property management company, it’s time to start researching potential companies. Take the time to read reviews, check out their websites, and see what past clients have to say about their experiences. Additionally, don’t be afraid to ask for recommendations from friends, family, or real estate professionals. Personal recommendations can often be the most reliable way to find a trustworthy property management company.
Barker Realty, Inc.’s original office in 1984.
Schedule Consultations and Ask Plenty of Questions
After you’ve done your research and have a list of potential property management companies, it’s time to schedule consultations. During these consultations, be sure to ask plenty of questions to get a better understanding of how each company operates. Ask about their experience, their approach to property management, and what sets them apart from other companies. Don’t be afraid to voice any concerns or specific requirements you have – a good property management company will work with you to meet your needs.
Finding the best property management company for you may take some time and effort, but it’s worth it in the long run. By considering your specific needs and priorities, researching potential companies, and asking plenty of questions during consultations, you can find a company that will help you effectively manage your property and ensure your investment is well taken care of.
One of the key benefits of hiring a local property management company in Wake Forest is the streamlined communication and transparency that comes with it. When you work with a local company, you can expect prompt responses to your inquiries, regular updates on the status of your property, and easy access to your property manager. This level of communication ensures that you are always informed about what is happening with your property and can make decisions accordingly.
Tailored Solutions for Property Management Success
Another advantage of working with a local property management company is the ability to receive tailored solutions for your specific property management needs. A local company will have a deep understanding of the Wake Forest market and can create a customized management plan that suits your property and your goals. Whether you are looking to maximize rental income, minimize vacancies, or improve tenant satisfaction, a local property manager can help you achieve your objectives.
Efficient Maintenance Solutions and Timely Repairs
Property maintenance and repairs are a crucial aspect of property management, and a local company can provide you with efficient solutions and timely repairs. With a network of trusted vendors and contractors in the Wake Forest area, a local property manager can quickly address any maintenance issues that arise on your property. This proactive approach to maintenance not only helps to preserve the value of your property but also ensures that your tenants are satisfied and stay for the long term.
In conclusion, hiring a local property management company in Wake Forest offers a range of benefits that can help you maximize the value of your investment property. From streamlined communication and tailored solutions to efficient maintenance and timely repairs, a local company can provide you with the support and expertise you need to achieve property management success. If you are looking for a reliable and experienced property management partner in Wake Forest, consider working with a local company to help you achieve your goals.
Property Management Companies Offer Convenience and Accessibility
When it comes to managing your rental property in Durham, hiring a local property management company can offer you convenience and accessibility that you may not find with a remote or national company. A local company will have staff on the ground in Durham, allowing for easy communication and quick responses to any issues that may arise. Whether it’s collecting rent, handling maintenance requests, or dealing with tenant concerns, having a local property management company ensures that you can easily reach out and get the assistance you need.
Durham Property Managers Have Expert Knowledge of Local Market
One of the key advantages of working with a local property management company in Durham is their expert knowledge of the local market. They understand the specific dynamics of the rental market in Durham, including pricing trends, tenant preferences, and regulatory requirements. This knowledge can help you maximize your rental income and minimize vacancies by setting the right rental rates and attracting desirable tenants. Additionally, a local property management company can provide insights into neighborhood trends and help you make informed decisions about your investment property.
Quick Response to Maintenance Issues for Property Investors
Property maintenance is a crucial aspect of owning a rental property, and having a local property management company in Durham can ensure that any maintenance issues are quickly addressed. With a local team of maintenance professionals and trusted contractors, a local property management company can respond promptly to maintenance requests and ensure that repairs are carried out efficiently and effectively. This can help prevent small issues from turning into major problems, saving you time and money in the long run.
Overall, hiring a local property management company in Durham can provide you with the convenience, expertise, and responsiveness you need to effectively manage your rental property. From handling day-to-day tasks to providing valuable insights into the local market, a local property management company can help you maximize the return on your investment and make owning rental property a stress-free experience.
Understanding the Current Housing Trends in Durham
As the real estate market in Durham, NC continues to experience growth and development, it is important for property owners and investors to stay informed about the current housing trends in the area. Durham has seen a steady increase in population over the past few years, leading to a high demand for housing. This demand has resulted in a competitive market with rising prices and low inventory.
Strategies for Maximizing Property Value in a Competitive Market
In order to maximize property value in a competitive market like Durham, property owners and investors need to be strategic in their approach. One key strategy is to invest in property upgrades and renovations that will make the property more attractive to potential tenants or buyers. By keeping the property well-maintained and up-to-date, owners can command higher rents or selling prices.
Another strategy is to carefully price the property based on current market conditions. It is important to conduct thorough market research and analysis to determine the optimal price point for the property. Setting the price too high can deter potential buyers or tenants, while setting it too low could result in lost revenue.
Leveraging Professional Property Management Services for Success
One of the most valuable assets for property owners in navigating the real estate market in Durham is professional property management services. Property managers are well-versed in the local market trends and can provide valuable insights and recommendations to help owners maximize their property value.
Property managers can handle all aspects of property management, from marketing and tenant screening to maintenance and rent collection. By outsourcing these tasks to a professional property management company, owners can save time and resources while ensuring their property is well-managed and profitable.
In conclusion, navigating the real estate market in Durham, NC requires a strategic approach and a deep understanding of current housing trends. By following the insights and recommendations of seasoned property managers, owners and investors can successfully maximize their property value and achieve success in this competitive market.
Increased Property Value: How Hiring a Property Manager Can Help Maintain and Enhance the Value of Your Investment
One of the key benefits of hiring a property manager in Cary, NC, like Barker Realty, is the ability to maintain and enhance the value of your investment property. Property managers have the knowledge and experience to handle regular maintenance and repairs, ensuring that your property is always in top condition. By keeping your property well-maintained, you can attract high-quality tenants who are willing to pay top dollar for a well-kept rental.
Time and Stress Savings: The Peace of Mind that Comes with Having a Professional Handle the Day-to-Day Operations of Your Rental Property
Managing a rental property can be a time-consuming and stressful task. From finding and screening tenants to handling maintenance requests and late-night emergency calls, there are countless responsibilities that come with being a landlord. By hiring a property manager, you can free up your time and alleviate the stress of managing your rental property. Property managers take care of all the day-to-day operations, allowing you to focus on other aspects of your life.
Legal Compliance and Tenant Relations: The Importance of Having an Expert Navigate the Complexities of Landlord-Tenant Laws and Communications
Keeping up with landlord-tenant laws and regulations can be a daunting task for any property owner. Failure to comply with these laws can result in costly legal disputes and potential financial penalties. Property managers are well-versed in the intricacies of landlord-tenant laws and can ensure that your property is always in compliance. Additionally, property managers are skilled in handling tenant relations, from communicating effectively with tenants to resolving disputes in a timely and professional manner. By hiring a property manager, you can rest assured that your property is being managed in accordance with all legal requirements, and that your tenant relationships are being handled with care and expertise.
By hiring a property manager in Cary, NC, you can enjoy the numerous benefits that come with having a professional handle the day-to-day operations of your rental property. From increased property value to time and stress savings, as well as legal compliance and tenant relations, a property manager can help you maximize the return on your investment while ensuring a hassle-free rental experience.
