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3 North Carolina Cities Best Places to Invest in Real Estate in 2023

By Randi Moultrie March 26th
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Are you interested in more ways to make more money? I know passive income has become very special to me in the last few years. I always think about the potential possibilities and would love to be able to have extra income. Investing your money can be very risky, but also very beneficial if done right. Real estate investing is one that has always had some significant interest in me. But, where should you get an investment property? Location is undoubtedly important.

Norada Real Estate Investments has named 21 of the best places to invest in real estate. So many cities that could potentially be great homes for your next investment property. Even better news for us, three North Carolina cities made the list. That’s right, three different North Carolina cities are potential money-maker spots for you. See below the top 3 cities in North Carolina that made the full list. If you want to see the full list, click here.

Durham, North Carolina

Durham came in at No. 15 on the top 21 list. The area has a strong population growth and is a rapidly growing city. Cities with this type of growth are great for rental properties for new people coming into the area and potential vacationers. Some other key factors that support Durham on the list include strong job market, affordable real estate prices, quality of life, and more!

Charlotte, North Carolina

Our very own Queen City is the No. 16 best city for real estate investments. The business friendly city is thriving and growing more and more each year with plenty of people looking for a home. Charlotte is the largest city in North Carolina and also the second-largest city in the Southeastern United States. As we know, there are plenty of people here for vacation or starting a new life that would love a rental property.

Raleigh, North Carolina

Coming in at No. 19 is the great city of Raleigh. Raleigh has grown extremely well over the last few years with its job opportunities, activities, and quality of life overall. There is also a great school system from grade school to college that allows people of all ages to be in the area. A great mixture of reasons to get invest property in the area.

Check out the full list here and learn more!

List: Counties In North Carolina With the Lowest Closing Cost Rates

Housing prices have truly skyrocketed over the last few years. Homebuyers are often trying to calculate all the expenses they will need to be able to afford their dream home. Saving money during the home buying process is one of the biggest things buyers look to do. But, what about some areas being naturally more expensive than others?

Charlotte Stories wrote a story on counties in North Carolina with the lowest closing cost rates. The information was done through an annual study with Smart Asset. Smart Asset analyzes where closing costs are lowest as a percentage of each county’s median home value. Out of 100 counties in the state, Mecklenburg County actually ranked among the 10th lowest relative closing costs. Check out the list of how top counties in North Carolina ranked based on their closing cost rates.

  • Orange, NC

    • Average closing costs: $4,278
    • Median home value: $308,800
    • Closing Costs as % of home value: 1.39%

  • Dare, NC

    • Average closing costs: $4,106
    • Median home value: $289,000
    • Closing Costs as % of home value: 1.42%

  • Chatham, NC

    • Average closing costs: $4,071
    • Median home value: $281,700
    • Closing Costs as % of home value: 1.45%

  • Wake, NC

    • Average closing costs: $4,071
    • Median home value: $281,700
    • Closing Costs as % of home value: 1.45%

  • Currituck, NC

    • Average closing costs: $3,952
    • Median home value: $257,200
    • Closing Costs as % of home value: 1.54%

  • New Hanover, NC

    • Average closing costs: $3,886
    • Median home value: $243,600
    • Closing Costs as % of home value: 1.60%

  • Union, NC

    • Average closing costs: $3,876
    • Median home value: $241,400
    • Closing Costs as % of home value: 1.61%

  • Buncombe, NC

    • Average closing costs: $3,860
    • Median home value: $238,200
    • Closing Costs as % of home value: 1.62%

  • Watauga, NC

    • Average closing costs: $3,859
    • Median home value: $238,000
    • Closing Costs as % of home value: 1.62%

  • Mecklenburg, NC

    • Average closing costs: $3,859
    • Median home value: $238,000
    • Closing Costs as % of home value: 1.62%

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