According to WRAL Techwire, North Carolina's capital, Raleigh, ranks 7th as the most searched destination for people looking to move, which shows how much the city offers.
Investors can experience Raleigh fully when they choose the right neighborhood for their needs. But if you've never visited the capital or are unfamiliar with the area, it can be harder to decide on the right place.
Sound like your situation? No worries, we've got the answers you're looking for. Here are the top neighborhoods for real estate investing.
Downtown South
Anyone familiar with the Raleigh real estate market will know how popular Downtown South is. The area is currently undergoing huge development with 140 acres being transformed into eateries, shopping centers, and other local amenities. Housing developments are also being built to draw in investors.
Knightdale
The problem with investing in Downtown is that properties will be more expensive and may not fit with your budget. This is where Knightdale comes in.
It's a 10-minute drive away from the center and gives both families and young professionals a great neighborhood to live in. Knightdale is known for its entrepreneurial spirit, which attracts business-savvy folks and enterprises.
Holly Springs
One of the top Raleigh real estate hotspots is the historic neighborhood of Holly Springs. Like Downtown, Holly Springs is set for development, so investors are guaranteed an excellent return on investment. Aside from new homes, Amgen, a pharmaceutical company, is setting down roots, which will attract young professionals.
Durham
Durham is another one of the main emerging Raleigh neighborhoods. Located in the northwest area of downtown Durham is slowly becoming a tech hub, despite holding onto its own culture. It's become a hotspot for anyone looking for investment opportunities in Raleigh because the neighborhood is already attracting folks from the biggest cities.
Clayton
Clayton and Raleigh property investment go hand-in-hand. Sat southeast of the city, Clayton is expected to grow as the new 540 route is currently being built. This means that investors can choose from new single-family homes and condos to turn into rental properties.
Cameron Park
Built between the 1910s and '30s, Cameron Park is famous for its charming architecture. Investors can choose from Colonial, Georgian, and Tudor-style homes, which will be a favorite with renters. The beauty of Cameron Park is its easy access to parks and premium schools, perfect for attracting families.
Another historic hotspot is Oakwood, which dates back to the 1800s. Famous for its Victorian homes, investors can also find bungalows and modern properties, depending on their budget.
Our Raleigh, NC Real Estate Investing Tips
Now that you've taken our real estate investing tips on board, you'll find the ultimate investment property in Raleigh, NC in no time. The key is knowing your budget and your target demographic so you earn a profit.
At PMI Triangle, our team of experts helps investors handle their properties in Raleigh, NC, and keep tenants happy. If you're interested in our services, we'd love to hear from you. Contact us here to chat with a representative.
