ROI Realty Partners- Why Investors Should Pay Attention to Hickory, NC

[Kasey Hardt]

Hickory, North Carolina, has been experiencing significant growth, making it an area worth watching for real estate investors. With ongoing economic development, infrastructure improvements, and an expanding rental market, the city presents a variety of investment opportunities.

Economic & Business Growth

• Business Expansions: Companies like Steel Warehouse Company are investing millions into new facilities, bringing jobs and increasing housing demand.
• Infrastructure Investments: A $40M bond referendum has led to over $115M in urban improvements, including business parks, fiber internet expansion, and enhanced transportation.
• New Commercial Developments: Restaurants, retail businesses, and entertainment venues are contributing to Hickory’s revitalization.

Rental Market & Investment Potential

• Diverse Rental Strategies: Investors can explore long-term rentals, mid-term corporate housing, and short-term vacation rentals.
• House Hacking Opportunities: With relatively affordable home prices, investors can take advantage of house hacking—living in one part of the property while renting out another to offset costs.
• Growing Demand: New businesses, infrastructure, and educational institutions are increasing demand for rental properties.

Colleges & Universities

• Appalachian State University – Hickory Campus: Opened in Fall 2023, this campus is bringing students, faculty, and staff to the area, driving demand for student and faculty housing.
• Lenoir-Rhyne University: A well-established university in Hickory that contributes to the need for long-term rental housing.

Outdoor & Quality of Life Improvements

• New Multi-Use Trail Systems: Hickory has expanded its greenways and bike trails, improving walkability and outdoor recreation options.
• Access to Nature & Parks: The city’s investment in outdoor spaces enhances its appeal to residents and visitors alike.

With its mix of business growth, infrastructure upgrades, and an expanding rental market, Hickory is positioning itself as a strong option for investors looking for opportunities in North Carolina.

Have you expanded to this market yet?!

[Nick Maugeri]

@Ivette Raygoza this is a good example of what we discussed yesterday in how to build a team in various markets. Kasey's location is set to Charlotte but she is providing sub-market analytics which implies that she may operate from Charlotte to Greensboro - and several others. Much of this data is likely taken from low level news or publications, but she's compiled and presented it in a clean way without the fluff. This is what you want on your team when purchasing out of state. Note the 'diverse' rental strategies as we discussed, supplemented with growing demand and stability from education and infrastructure through the general plan.