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Investor Insight for the Raleigh, North Carolina Market Area

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Apartment Loans RaleighRaleigh has attractive data points for real estate investors. If multifamily apartment buildings with strong occupancy rates seem appealing, Raleigh could be an excellent location to build a real estate empire. Direct Apartment Lenders offers some insight about the advantages of buying an income-producing property in Raleigh, North Carolina.

Living in Raleigh, NC 

As the capital of North Carolina, Raleigh has a lot to offer its residents. Education is one of the top attributes of the area. There are many colleges and universities throughout the region. The Raleigh, Durham and Chapel Hill area is known as the Research Triangle.   

Within the Research Triangle Park, premier jobs openings attract employees and executives from around the country. Many large companies have relocated their corporate offices to the RTP.

Residents enjoy the quality of life and the affordability that Raleigh and the surrounding areas provide.

As one of the fastest growing cities in the United States, Raleigh has many benefits, such as community activities for its residents, live music venues and an abundance of employment opportunities. 

Also, the area has more than 1,200 restaurants, the world’s largest selection of beer, top golf courses, excellent college teams and professional sports teams, exquisite art galleries, quality nightlife activities and affordable housing. 

Average Apartment Rental Rates in Raleigh, North Carolina

The average apartment in Raleigh has an asking price of $1,258, according to RentCafe. Abbington Ridge and Anderson Point ranks among the most affordable apartments in the area with an average monthly rental rate of $1,027. 

At $1,591, Worthington, Wynford Place and Wynstone are among the most expensive places to live in Raleigh.

Statistical Data for Raleigh, NC

As of July 1, 2019, Raleigh had a population of 474,069. This represents a population increase of 17.3 percent, as the estimated population was 403,892 on April 1, 2010.

According to the U.S. Census Bureau, Raleigh had a median household income of $67,266 in 2019.

The estimated travel time to work for local residents was approximately 24 minutes in 2019.

Multifamily Property Data for Raleigh, North Carolina

According to the Emerging Trends in Real Estate 2021 publication from the Urban Land Institute and PWC, the Raleigh / Durham area ranked number one out of the top 80 cities in the United States for overall real estate prospects. The area also ranked number one out of the top U.S. cities for homebuilding prospects.  

While many areas of the country were impacted by the Covid-19 pandemic, the Raleigh, North Carolina market area continued to thrive. 

Rental rates in Raleigh began to increase in August 2020, as apartment rental rates in other markets remained flat.

Cap rates for multifamily properties in Raleigh are averaging five percent. 

Excellent prospects exist in Raleigh for investors who want to own income-producing properties.

Outlook for the Raleigh Market Area

The prospects for investors in the Raleigh, North Carolina area are bright.

Top universities, such as North Carolina State University, Duke University and the University of North Carolina at Chapel Hill attract students and working professionals to the area.

With a large percent of students and people who are enjoying employment opportunities in the area, the region has a tremendous outlook for multifamily apartment owners.

More than 50 percent of the residents in the Raleigh market area are renters, which is favorable information for real estate investors.

Also, the housing price-to-rent ratio is relatively high, making it more advantageous for residents to continue renting.

Raleigh, North Carolina is one of the top 3 places in the U.S. where people relocate. 

All of the items mentioned above are reasons for an outstanding outlook for the overall market area. 

Financing an Apartment Building in Raleigh, North Carolina

Investors are seeking money to buy apartment buildings in Raleigh.

All sorts of properties are needed to accommodate students, families that are relocating to the area and working professionals.

Direct Apartment Lenders offers financing for duplex properties, triplexes, quadplex properties and apartment buildings with five or more units.

Apartment buildings that meet our performance standards may be eligible for fast financing.  

As a nationwide apartment lender, we offer attractive financing for income-producing properties in Raleigh and throughout the state of North Carolina.

Applying for an Apartment Loan in Raleigh

In red-hot communities, such as Raleigh / Durham and areas of the Research Triangle Park, an apartment loan can provide the funds that an investor needs to purchase an amazing asset. 

Many local banks are not meeting the demand that a lot of self-employed investors need.

Niche-based commercial mortgage lenders may be able to assist investors who are interested in applying for an apartment loan in Raleigh, North Carolina.

We encourage investors to speak with one of our experienced loan officers about financing for apartment buildings.

Direct Apartment Lenders does not require borrowers to supply tax returns or bank statements to obtain financing for income-producing properties.

Contact us today to apply for an apartment loan or to get more information about financing an apartment complex.

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