Raleigh Real Estate is Still Hot
The North Carolina real estate market continues to outperform its regional rivals thanks in part to favorable property tax rates. These favorable conditions have helped offset higher-than-average median home prices, allowing middle-class families to secure properties throughout the state, especially in Raleigh according to Bradley Ransome . In today’s post, we will explore some of the conditions currently affecting the Raleigh real estate market and discuss why it continues to outperform neighboring states. Through combined market factors, Raleigh, North Carolina continues to be a hotspot for homeownership and property investment. Favorable Property Taxes According to a recent report published by the Tax Foundation, North Carolina has the 13th best property tax rates in the nation, setting it far above its regional rivals. For comparison, neighboring South Carolina ranked 36th in the nation while Tennessee, Virginia, and Georgia ranked 33rd, 26th, and 25th, respectively. This h...