North Carolina Capital Migration (2022)

In 2022, 90% of the capital invested in North Carolina multifamily assets originated from out of state.
22%
of the overall capital flowed from out of state metropolitan areas such as New York*
40%
Avg $/Unit has risen due to this extra activity

North Carolina's multifamily market is a growing and dynamic industry, with plenty of opportunities for investors and renters alike. From the bustling city centers of Charlotte and Raleigh to the scenic coastal towns of Wilmington and New Bern, there are numerous multifamily properties available for purchase or lease throughout the state. The combination of affordable, student and luxury housing makes this state’s multifamily market an enticing investment opportunity.

*Data aggregated for multifamily sales in North Carolina from January 1, 2022 to Dec 31, 2022.

Based on 90% of the capital invested in North Carolina multifamily assets originating from out of state and a 40% Avg $/Unit increase due to this extra activity, North Carolina is a good market to invest in. To get this information in a one-page summary, click here.

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