Roofstock is thrilled to announce our expansion into the North Carolina (NC) market, which includes the Winston-Salem, Greensboro and Charlotte metropolitan areas. Our new inventory in the NC market is a strong addition to our marketplace, based on trends of rising home values and rents in the region. Over the next 3 years, rents are projected to increase by 10%, which indicates strong growth potential for Single-Family Rental (SFR) properties.
The NC market was hard hit during the housing market crash, but has continued to show progress, as home values are now above or near prior peak value. The various metropolitan areas in this region are also experiencing significant job growth and household growth, both of which are strong indicators of growth in the rental sector. For reference, Between Q3 2014 and Q3 2015, North Carolina added the third most manufacturing jobs in the country, with an annual job growth rate of 2.7 percent, much higher than the national average.*
We are excited to offer properties in this high-growth market to Roofstock investors, and will be continuing to add new properties in the region.