Top Raleigh Areas For Investment Properties

Are you interested in investing in a property in Raleigh and want to know where the best areas are? Here is all you need to know about properties in Raleigh and where you should invest.

Raleigh, NC, is an increasingly popular real estate market that has been experiencing significant growth. As a potential investor, you have the opportunity to benefit from this growth by purchasing property in Raleigh, especially now with affordable rental housing.

The city's thriving economy and the relocation of numerous technology and biotechnology industries have attracted many professionals to the area. The real estate market is expected to continue growing, with more than 50,000 new residents projected to move here within the next five years. As the population increases, the area will have a larger pool of employees.

Raleigh's status as a technology, education, and research hub is expected to drive significant economic and population growth through 2024. As a result, there will be high demand for housing, although the total number of homes available in March 2024 was 22% lower compared to last year.

You should consider a few things before preparing for homeownership and property investment. There are many steps and a lot of planning involved. If you are interested in property investment in Raleigh, let's start by covering the top areas you should look into.  

Here are the top areas in Raleigh for investment properties. 

1. Cameron Park

Cameron Park, also known as Forest Park, is a suburb built in the 1900s. It offers historic charm and character. As an investor, you have the choice between beautiful architectural styles, including Colonial, Georgian, and Tudor. The estates here offer plenty of space for larger families. 

Residents of Cameron Park enjoy amenities such as access to numerous parks, high-quality schools, and easy access to downtown Raleigh for great dining, shops, and things to do. This area is situated around all the lively areas, making it a great place to invest, especially if you are a young professional. 

With its close proximity to Hillsborough Street and laid-back, tight-knit community, Cameron Park is a perfect place to offer an urban lifestyle while maintaining a serene atmosphere. It is a great location for someone searching for a mixture of historic and modern. 

2. Glenwood

Glenwood is a vibrant neighborhood known for its nightlife and dining scene. It is popular among younger professionals, making it an excellent area for property investment due to its endless options. 

Investors who buy real estate in Glenwood tend to target a younger demographic. This neighborhood boasts trendy bars, cool breweries, and diverse restaurants. Glenwood is an area in ongoing development, with new homes and businesses catering to young professionals and students.

Glenwood tends to be more expensive than other areas, with a median home price of $765,430. Homes here vary in the year they were built as well as the type of architecture. With easy access to downtown, this neighborhood is popular among young adults and families.

Known for its historically significant homes, this neighborhood offers so much to do as well as so much rich history throughout. If you are searching to be in the heart of it all and still enjoying the city's unique history all in a community, then searching for homes for sale in Glenwood may be for you. 

Here is all the available real estate in Glenwood to help you in your move. 

3. Mordecai

Known as one of Raleigh's oldest neighborhoods, Mordecai has historic homes and beautiful tree-lined streets showing off its charm. With its close proximity to downtown Raleigh, this is a prime location for investment. 

While Mordecai is considered small compared to other neighborhoods throughout Raleigh, investors find properties here to be charming, with many opportunities for renovations. One of the main selling factors for Mordecai is its short distance to the city. Families, as well as working professionals, are attracted to this location for its convenience, serene environment, and history. 

This neighborhood boasts over 180 pre-antebellum homes along with renovated condos, making it ideal for those relocating to the city due to its convenience, peacefulness, and affordable rent with an urban nostalgia feel. Its unique and historic charm makes it a perfect fit.

The median purchasing price in this area is approximately $287,626, with a median monthly rent of $806. As a result, it is a sought-after destination for students, singles, young professionals, and families in search of a home. Mordecai is statistically safer than 39% of Raleigh's neighborhoods.

So, if you are searching for an affordable option that is close to the heart of Raleigh but still peaceful and safe, check out homes in Mordecai to find the perfect home for you. 

4. Cameron Village

Cameron Village is a mixed-use neighborhood with a blend of residential and commercial properties. With its high walkability and variety of amenities, it is a popular area to live in, Raleigh. 

If you are looking for a more affordable investment, Cameron Village is the market to look in. Offering a variety of investment properties, such as single-family homes, ranch-style houses, and commercial buildings, you can find what you want that fits your budget here. 

Just a short drive from downtown, Cameron Village offers many amenities that many families and young professionals look for. The easy access to multiple shops, bars, and restaurants makes this a great location for people searching for an urban-type feel with a cozy atmosphere.

Cameron Village is a great place for young professionals with bustling social lives because almost anything you need is within walking distance. Located on the western side of downtown, this location has some of the best restaurants, shopping centers, brunches, and other amenities. 

Real estate in this neighborhood ranges from $550,000 to $729,174, with homes in various styles, from ranch-style to historic properties. This is a popular destination for young adults looking to be located near the college and things to do. However, it is also a perfect place to settle down. 

5. Brier Creek

Brier Creek is a suburban Raleigh neighborhood with a variety of housing options, from single-family homes to townhomes and condos. Its location close to Research Triangle Park makes it a popular area for technology investors. 

If you're interested in discovering new property developments, Brier Creek might be the perfect place for you. Offering appealing amenities such as the Gold Course, pools, and nearby shops, this area features single-family homes, townhouses, and condominiums. It is an ideal location for young families due to its top-notch amenities and proximity to job opportunities.

This neighborhood is well-known for attracting young professionals, older adults, and families. It is highly sought after in Wake County due to its highly-rated public schools. Homes in Brier Creek have a median price of $904,274, making it one of the most expensive neighborhoods in Raleigh.

If you are looking for a centrally located neighborhood that is in the heart of it all, then searching for homes for sale in Brier Creek may be perfect for you. 

6. Five Points

Five Points is a historical neighborhood with charming homes and a strong sense of community. The area has unique characteristics and is centrally located, making it a great place to live and driving up property values. 

Five Points is named for being the central link to five historical neighborhoods. Investors can choose to buy from any property in Bloomsbury, Roanoke Park, Vanguard Park, Georgetown, or Hayes Barton. These proepties vary from single fmaily homes to historical Colonial proepties to bungalows. 

Five Points is a blend of several neighborhoods that are named after the infamous intersection where six roads meet. Some residents prefer certain areas of this large community, while others prefer different ones. Each of these smaller areas has its own unique qualities. 

Located North of the downtown area, Five Points offers easy access to downtown, beautiful views from the room, and many things to do. This area is a popular destination for people who are looking to be located near the city but also want to enjoy the unique architectural styles in this neighborhood. With an average home price of $698,134, Five Points is a great place to live. 

7. Investing in Real Estate

Investing in real estate offers numerous benefits and is relatively straightforward and accessible to almost anyone. Starting early can help you build your portfolio and create wealth regardless of your age, income, or other factors. The real estate market tends to be less volatile than the stock market, making it an attractive investment option.

According to the U.S. Census Bureau, 75% of multifamily investors are over the age of 45. Despite entering the market later in life, more than half of these individuals own over five units and generate income from their properties.

When assessing the current market conditions, it's crucial to evaluate the local housing market, home prices, and interest rates, as these factors will provide a good indication of the market's performance at that time. While we can't determine if investing now is the best option for you personally, we can provide all the essential information to help you make an informed decision.

Methodology

We used information from different sources and our data to create this guide about the top areas in Raleigh for property investment. There were various data to use, so we put them together to help you understand where to invest in Raleigh. 

• Raleigh Gov
• World Population Review
• U.S. Census Bureau
• WRAL Tech Wire
• Fannie Mae

Above are a few sources we used to gather most of our information about the top areas in Raleigh for property investment. 

FAQS

Is Raleigh a good place for an investment property?

Raleigh has proven to be a great place for investors looking to invest long-term in the real estate market. The growing city offers many things, especially a high quality of life and job opportunities, making it a great place to live. 

Is the housing market in Raleigh good for an investment?

Raleigh's population is growing rapidly, with about 60 new residents arriving daily. Many people are moving to the area due to its robust housing market and rental opportunities, which can provide a high return on investment.

Why is real estate such a good investment?

On its own, real estate offers many benefits, such as cash flow, tax breaks, equity building, competitive risk-adjusted returns, and a hedge against inflation. There are many other ways why real estate is such a good investment, so if you are interested in doing so, start doing your research now. 

Top Raleigh Areas For Investment Properties - The Bottom Line

Raleigh is a great place to live and a highly sought-after area in North Carolina, which is why it is a great place for investors. With downtown Raleigh and surrounding suburbs, each area offers locals a high quality of life and new future developments. 

Raleigh was ranked as the fourth-best emerging housing market for investors in 2021 based on key performance stats, such as the economy and housing market activity. There are over 70 Raleigh neighborhoods in which to look for investment properties, with median listing prices ranging from $265,000 to over $895,000.

North Carolina overall has many diverse real estate investment opportunities if you are looking to buy or sell rental properties. From Raleigh's downtown area to its charming historic neighborhoods, there is something for every investor. Whether you are looking for rental properties, long-term investment, short-term, or property appreciation, Raleigh has it. 

When assessing the current market conditions, it's important to evaluate the local housing market, home prices, and interest rates. These three factors will provide a good indication of the market's performance at that time.

If you are considering moving or selling, contact us or visit our website. Our team at Raleigh Realty is here to help you with any home buying or selling needs.