BiggerPockets Daily Here's Why North Carolina Could Be the Next Big Time Boom State
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Jan 7, 2025 Explore the remarkable population surge in Raleigh and Charlotte, where growth outpaces the national average significantly. Discover how skyrocketing median home prices reflect an emerging economic hotspot. Delve into North Carolina's evolving corporate tax landscape, set to reach zero by 2030, and its impact on workforce education, especially in STEM. Uncover investment prospects within the Research Triangle and the state's thriving real estate market, highlighted by affordable housing and promising areas for long-term growth.
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North Carolina Real Estate Growth
- Raleigh and Charlotte NC metros have shown tremendous population and median price growth, exceeding the US average.
- This growth suggests strong potential for future real estate investment in North Carolina.
North Carolina's Business Tax Climate
- North Carolina's business-friendly tax environment, including a low corporate tax rate dropping to zero by 2030, is attractive to businesses.
- This favorable tax environment, alongside other factors, contributes to the state's growth potential.
Importance of Educated Workforce
- Access to well-educated employees is crucial for employer expansion.
- North Carolina's numerous universities offering STEM degrees contribute to a skilled workforce, driving economic and real estate growth.