Why You Should Invest In Rental Property In Raleigh

In recent years, Raleigh has become a hub of business, leisure, and culture, making it a popular location for young families and professionals alike to set up homes and enjoy a better quality of life.

If you’re considering buying a rental property in North Carolina, taking on a property in Raleigh is one way to ensure excellent ROI and a healthy rental income.

Find out why Raleigh is such a great place to invest in rental property in North Carolina and how those in the per-room rental marketplace can benefit the most.

Raleigh Is Good For Business

Business in Raleigh has been booming recently, particularly in the technology sector. Big players like IBM, Microsoft, Apple, Lenovo, and Epic Games all have a presence in the city.

That’s probably why Raleigh was named the third-best business climate in the US by Business Facilities magazine last year.

This thriving environment means Raleigh is particularly attractive to hard-working professionals looking to get a piece of the action. All these professionals need somewhere to live, something that property investors can help with.

Raleigh Is Growing

Because Raleigh has so much to offer, more people are choosing to move there. Indeed, Raleigh’s population grew by nearly 2% between 2022 and 2023 - the highest rate of annual population growth the city has seen in years.

A booming population means a growing real estate market, so anyone looking to invest in rental property can expect to have their property leased quickly.

Healthy Rental Market

The fact that Raleigh is seen as such an attractive place to live is one factor driving the housing market in the city. An ongoing trend we're seeing is the demand for rental housing quickly overtaking supply.

Those looking to invest in buy-to-rent properties in Raleigh can almost guarantee to rent their properties long-term, particularly in sought-after neighborhoods with ample facilities and good-quality homes.

Raleigh Is A Great Place To Live

Raleigh’s population is growing because more people are realizing it’s a great place to live. This reputation has been further cemented by the numerous accolades the city has been awarded over the years.

In 2022, WalletHub named Raleigh the ninth safest city in America. Men’s Health declared the city to be the third happiest in the United States.

With accolades like that, it's no wonder more and more people are choosing to make Raleigh home - a real opportunity for investors with buy-to-rent properties.

Raleigh has a lot to offer residents. Business is indeed thriving across the city, but Raleigh also offers a good standard of living. Not only is the city full of historical sites and green spaces, but it’s also a stone’s throw away from mountains, forests, and other areas of natural beauty.

Along with a huge variety of leisure attractions, as well as a thriving restaurant and bar scene, Raleigh is a city that supports both work and play.

Harnessing The Student Market

Raleigh boasts 10 traditional universities and colleges, including North Carolina State University and Campbell University School of Law. Alongside these institutions are a wealth of satellite campuses and other for-profit institutions.

This rich educational environment means Raleigh also has a rich and diverse student population, all of whom need somewhere to live as they study and work in the city.

For buy-to-rent investors, particularly those in the per-room rental marketplace, the student population presents an opportunity to lease their properties almost continuously.

Final Thoughts On Investing In Rental Property In Raleigh

Raleigh is booming right now as more and more people make the move to the city. Buying a rental property allows you to make the most of Raleigh’s growth, which is showing no signs of slowing down anytime soon.

With so many people looking to set down roots in Raleigh, buying a rental property in the city is a sound investment.

Ready To Invest In Rental Property?

Are you curious about buying a rental property but don’t know where to start? Read our latest blog on the options available to you with real estate investing.