10 Reasons We Love Buying Land in North Carolina

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10 Reasons We Love Buying Land in North Carolina
By

Bart Waldon

Known as the Tar Heel State, North Carolina is located in the southeastern United States along the Atlantic coast. It is bordered by Virginia, Tennessee, Georgia and South Carolina. North Carolina contains remarkable geographic diversity across its three main regions – the Appalachian Mountains in the west, the Piedmont plateau in the central part of the state, and the Coastal Plain along the eastern shoreline. Major industries include technology, manufacturing, agriculture, tourism, and finance. Some of the largest cities are Charlotte, Raleigh, Greensboro, Winston-Salem, Durham, and Wilmington. The state is home to over 10 million residents who enjoy mild weather, affordable cost of living, and natural scenic beauty. North Carolina offers countless opportunities for business, recreation and retirement living.

North Carolina is a beautiful state located in the Southeastern United States. Known for its stunning beaches, rolling mountains, and vibrant cities, North Carolina offers something for everyone. For many, North Carolina also represents an excellent opportunity to invest in land. Here are 10 reasons why we love buying land in North Carolina.

Reasons To Buy Land in North Carolina

1. Affordable Prices

Compared to other popular real estate markets across the United States, land prices in North Carolina are very affordable. You can find vacant plots of land selling for $10,000 an acre or less in many parts of the state. With lower price points, your investment dollars go further in North Carolina allowing you to purchase larger parcels or multiple properties. The relatively low cost makes it easy to get into land investing in North Carolina even if you are just starting out and have limited funds.

2. Attractive Cities and Towns

North Carolina is home to some of the fastest growing cities in the country. Vibrant places like Raleigh, Charlotte, Asheville and Wilmington have all seen major growth and development over the last decade. As these cities and towns continue to expand, the land around them increases in value as demand for housing and commercial property rises. Buying land now, particularly in suburbs and exurbs near major cities can pay off in a big way down the road.

3. Tourism and Retirement Appeal

From the majestic Blue Ridge Mountains to the Outer Banks' famous beaches, North Carolina attracts millions of tourists every year. It is also one of the most popular retirement destination in the United States thanks to its moderate climate, scenic natural beauty and affordability. With so many people looking to visit or live in North Carolina, investment properties like vacation rentals, RV parks or retirement communities can benefit greatly from this ongoing influx of people.

4. Business Friendly Environment

North Carolina offers businesses a very favorable tax structure and reasonable regulations. Major corporations like Apple, Google, Cisco and many others have already established large offices and campuses in the state. With North Carolina actively recruiting companies to expand or relocate, commercial and industrial land stands to gain in desirability and value as more development occurs.

5. Diversity of Land Types

A huge plus for land investors is that North Carolina offers tremendous geographic diversity. You can buy wooded mountain acreage, tracts along the scenic coastline, fertile farmland plots in the Piedmont region or parcels just outside major metropolitan areas. No matter what type of landscape you prefer, North Carolina has excellent options. This ability to choose different land types and locations helps investors properly diversify their holdings.

6. Development Potential

Although North Carolina has seen significant growth, many areas remain underdeveloped. Savvy investors who recognize potential emerging markets and buy land early can benefit greatly. Purchasing land in the path of future progress is a proven money-maker. Carefully research and look for parcels near planned commercial or residential development.

7. Land Ownership Stability

North Carolina has relatively low property tax rates and does not collect estate tax or inheritance tax. The state strongly protects private property rights. There are no restrictions on foreign ownership of land. Together these facts mean your North Carolina land investment can be held long-term with minimal carrying costs or legal issues.

8. Leasing Income

Much vacant land in North Carolina can produce ongoing income when leased out. Farmers will rent fields for crops, livestock grazing or timber harvesting. Outdoor enthusiasts like hunters may lease acreage seasonally or yearly. Other possible lease options include solar farms, cell towers and billboards. Earning yearly lease payments helps offset taxes and other expenses while you own the raw land.

9. Natural Resources

North Carolina's diverse landscape provides a wealth of valuable natural resources. Highly fertile farmland for crops, mineral deposits, stands of marketable timber, populations of game for hunting and an abundance of freshwater access for fishing can all be found across the state. These natural resources make the land intrinsically more valuable beyond just its price per acre.

10. Population Growth

North Carolina is currently the 9th most populous state in the United States. Its population of 10.4 million residents is expected to reach 15 million by 2040. This ongoing robust population growth means steady demand for housing, infrastructure, commercial services and recreation. As more people move to North Carolina, they will need land for homes, businesses, institutions and more.

Is North Carolina Land a Good Investment?

When evaluating real estate markets, savvy investors look at factors like affordability, infrastructure, job growth, and population trends. Based on these key indicators, North Carolina scores very well. Here's a closer look at why the Tar Heel State represents a strong opportunity for land investors right now.

Low Cost of Entry

Compared to other U.S. markets, vacant land in North Carolina is very reasonably priced. In small towns and rural counties, you can still find plots for $5,000 an acre. Closer to big cities, prices remain affordable versus other metro areas. This lower cost of entry allows investors to get into the market without breaking the bank.

Infrastructure Development

North Carolina is actively improving infrastructure across the state. Major highways, airports, seaports, rail lines, broadband internet, and other investments position the state for ongoing growth. As infrastructure expands, it unlocks development potential. Investors who buy land early along these growth corridors stand to profit.

Business-Friendly Economy

North Carolina offers companies incentives to relocate and expand locally. Major firms are taking notice – Apple, Google, Toyota, Amazon and others have recently established new facilities. More business investment leads to more high-paying jobs. For land investors, job growth signals rising housing demand plus need for commercial real estate down the road.

Population Growth

North Carolina is already the 9th most populous state. Its population is projected to increase 30% by 2040 as more residents are attracted to its job opportunities, low cost of living, and high quality of life. As migration accelerates, demand for developable land will intensify. Investors buying land today can ride this wave.

Final Words

With its vibrant economy, popularity, natural amenities and affordability, North Carolina provides an excellent place to buy investment land. The reasons above are just some of the key factors that make people love investing in the Tar Heel state. Wise land investors can benefit from North Carolina's appeal, resources and future prospects. Just remember to carefully research locations and act quickly when you find a promising parcel for sale.

Frequently Asked Questions (FAQs)

What types of land sell well in North Carolina?

In North Carolina, plots near expanding cities sell fastest, especially in suburbs and exurbs. Land along major highways is also desirable. Wooded acreage for privacy, farmland with good soil, and waterfront parcels are consistently popular.

How much does raw land cost in North Carolina?

Land prices vary greatly depending on location. Rural counties have plots for $5,000 an acre while near Raleigh or Charlotte land can cost $100,000 an acre. Investors can find good deals on vacant land for around $10,000 an acre in many parts of the state.

Should I buy land myself or use a company?

Some investors buy direct but novice buyers or those short on time may prefer using a land company. Reputable companies know the NC market, handle negotiations and paperwork, and buy/sell for clients at reasonable fees.

What mistakes should I avoid when buying NC land?

Don't purchase sight unseen, ignore easements/deed restrictions, buy in flood zones, or overpay. Be wary of too good to be true prices. Inspections and due diligence are critical before closing.

How can I start earning money from vacant land?

Income options for vacant land include leasing to farmers, hunters, billboard/cell companies, or solar farms. Building rentals like self storage also works. Selling timber, gravel mining or granting pipeline rights work too.

About The Author

Bart Waldon

Bart, co-founder of Land Boss with wife Dallas Waldon, boasts over half a decade in real estate. With 100+ successful land transactions nationwide, his expertise and hands-on approach solidify Land Boss as a leading player in land investment.

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