Raleigh is unique amongst growing cities in America today. Most attractive to investors is the values of homes in the area. Few markets match the affordability index that the Raleigh area provides, including:

Affordable Housing

The most important characteristic of a healthy housing market is the measure of affordability. Whereas other markets struggle with average home prices well into the $400’s, Raleigh’s average sales price is under $240,000 with many single family homes still available for less than $100,000 in the area. Modest appreciation rates will keep Raleigh affordable in coming years and will continue to draw residents and businesses from other markets.

Favorable Property Taxes

City leaders know that in order to grow a city, you need efficient management of resources to attract investment and business. Raleigh enjoys some of the lowest property taxes in the country for a market of its size. Within the city, taxes are near point nine percent (0.9%) while surrounding areas are closer to point six percent (0.6%). An added feature of our property tax system is the Octenial Revaluation system. This octenial review system keeps your assessed value fixed for a period of years. County-wide assessments are performed every eight years while more granular assessments can be made every four years when necessary. Where other markets adjust investment property values every year, your assessed value is fixed for years before another change can take place.

Low Hazard Insurance

Raleigh area properties benefit from some of the lowest insurance rates in the country. Located two hours from the coast means minimal impact from hurricanes, so hazard insurance isn’t as much a concern as in other areas. An investor client of ours pays $600 annual coverage for the same policy that costs him $5,400 in Miami.

Stable Housing Market

Raleigh’s housing market, while growing, has not felt the effects of the national housing bubble. Whereas other markets saw an explosion in development and corresponding housing prices, the Raleigh area builders have been able to keep pace with demand. Combined with a healthy local economy, our housing market is expected to remain stable for the forseeable future.

Growing Economy

Being in close proximity to the technology and biomedical center known as Research Triangle Park has benefited the Raleigh housing market.  Our area draws talent from around the globe and this mixture of culture and education adds to the appeal for employers seeking well rounded candidates.