Cheaper Markets to invest in NC

[Matthew Jackson]

Big cities in North Carolina are very expensive (Asheville, Charlotte, Raleigh). What other smaller cities/towns do people invest in/ looking to invest in? I see Greensboro and Winston Salem are more affordable, any other suggestions?

[Nicholas Icard]

@Matthew Jackson

Hey Matthew. For me, two places come to mind. The Gastonia area is in a rapid development phase, and is bound to see some great appreciation in the coming years (not to mention, the numbers work there more often than not). Another market that is solid is the Hickory-Lenoir area (about an hour NW of Charlotte). Depending on what you want to invest in (mf, sfh) there are some great properties there as well. Hickory has a decent amount of MF properties too.

As always, the numbers have to work on the specific property you choose. However, both of those markets should have some more affordable prices while still giving you the return you’re looking for.