Ultimate Union County Real Estate Investing Guide for 2024
Overview
Union County Real Estate Investing Market Overview
Over the last decade, the population growth rate in Union County has an annual average of . By comparison, the average rate during that same period was for the entire state, and nationwide.
Union County has seen an overall population growth rate during that cycle of , while the state’s overall growth rate was , and the national growth rate over ten years was .
Considering real property values in Union County, the prevailing median home value there is . In contrast, the median price in the United States is , and the median value for the whole state is .
Housing prices in Union County have changed over the past 10 years at a yearly rate of . The yearly appreciation tempo in the state averaged . In the whole country, the annual appreciation pace for homes was an average of .
The gross median rent in Union County is , with a state median of , and a national median of .
Union County Real Estate Investing Highlights
Union County Top Highlights
https://housecashin.com/investing-guides/investing-union-county-nc/#top_highlights_3
Strategies
Strategy Selection
If you are scrutinizing a potential real estate investment community, your analysis should be influenced by your real estate investment plan.
The following are detailed directions on which information you need to study based on your investing type. Apply this as a model on how to capitalize on the guidelines in these instructions to find the leading markets for your real estate investment criteria.
There are market fundamentals that are important to all types of real estate investors. These factors include crime statistics, commutes, and air transportation and others. When you get into the specifics of the location, you need to concentrate on the areas that are crucial to your specific real property investment.
If you favor short-term vacation rental properties, you will target cities with good tourism. Short-term home fix-and-flippers research the average Days on Market (DOM) for residential unit sales. If there is a 6-month supply of houses in your price category, you might need to search somewhere else.
Long-term real property investors look for clues to the durability of the city’s job market. Investors need to observe a diversified jobs base for their possible tenants.
If you cannot make up your mind on an investment plan to utilize, consider utilizing the experience of the best coaches for real estate investing in Union County NC. Another good possibility is to take part in one of Union County top real estate investment groups and be present for Union County property investor workshops and meetups to learn from various professionals.
The following are the various real property investment techniques and the procedures with which the investors appraise a possible investment community.
Active Real Estate Investment Strategies
Buy and Hold
If a real estate investor acquires an investment home for the purpose of retaining it for a long time, that is a Buy and Hold plan. Their income analysis includes renting that investment asset while they retain it to improve their returns.
Later, when the value of the asset has grown, the investor has the option of liquidating the investment property if that is to their benefit.
One of the best investor-friendly realtors in Union County NC will show you a comprehensive examination of the nearby property market. Our instructions will list the components that you ought to include in your investment plan.
Factors to Consider
Property Appreciation Rate
This variable is crucial to your asset location choice. You are seeking dependable property value increases each year. Historical information exhibiting consistently increasing property market values will give you certainty in your investment profit projections. Markets that don’t have rising investment property market values won’t satisfy a long-term investment analysis.
Population Growth
A decreasing population indicates that with time the number of residents who can rent your rental home is shrinking. This is a harbinger of diminished rental rates and real property values. A decreasing site cannot produce the upgrades that could draw moving companies and families to the area. You need to skip such places. Similar to real property appreciation rates, you should try to find stable yearly population increases. Increasing markets are where you can encounter growing property market values and strong lease prices.
Property Taxes
Real estate tax rates largely impact a Buy and Hold investor’s returns. You need a location where that expense is manageable. Property rates seldom decrease. Documented property tax rate growth in a city may sometimes go hand in hand with poor performance in different market metrics.
Some pieces of real property have their market value mistakenly overestimated by the county assessors. In this instance, one of the best property tax appeal service providers in Union County NC can make the local authorities review and perhaps lower the tax rate. Nonetheless, when the details are complicated and require litigation, you will need the involvement of top Union County property tax lawyers.
Price to rent ratio
The price to rent ratio (p/r) is the median real estate price divided by the annual median gross rent. A low p/r means that higher rents can be charged. The higher rent you can set, the faster you can recoup your investment. Look out for an exceptionally low p/r, which can make it more expensive to rent a property than to purchase one. You might give up renters to the home buying market that will leave you with unused investment properties. Nonetheless, lower p/r indicators are typically more desirable than high ratios.
Median Gross Rent
Median gross rent can reveal to you if a town has a durable rental market. The community’s recorded information should confirm a median gross rent that repeatedly increases.
Median Population Age
You should consider a market’s median population age to estimate the percentage of the population that might be tenants. You need to discover a median age that is near the middle of the age of a working person. A high median age shows a populace that might be an expense to public services and that is not active in the real estate market. Higher property taxes can be necessary for markets with a graying populace.
Employment Industry Diversity
When you choose to be a Buy and Hold investor, you look for a diverse employment base. An assortment of industries extended over numerous companies is a stable job base. When one industry type has stoppages, the majority of companies in the location aren’t hurt. If your tenants are dispersed out throughout varied companies, you decrease your vacancy liability.
Unemployment Rate
If a market has an excessive rate of unemployment, there are not enough renters and homebuyers in that location. Current tenants can experience a hard time paying rent and new tenants might not be available. Unemployed workers are deprived of their purchase power which affects other companies and their workers. Excessive unemployment rates can harm a market’s capability to draw additional businesses which affects the market’s long-term financial picture.
Income Levels
Income levels are a guide to sites where your potential customers live. Buy and Hold landlords examine the median household and per capita income for specific pieces of the community as well as the community as a whole. Adequate rent levels and intermittent rent bumps will require a market where salaries are growing.
Number of New Jobs Created
Stats showing how many job openings emerge on a repeating basis in the community is a valuable tool to decide if a city is good for your long-term investment project. Job openings are a source of new tenants. Additional jobs supply a flow of tenants to replace departing renters and to rent new rental properties. New jobs make a community more enticing for relocating and purchasing a home there. A vibrant real estate market will bolster your long-range plan by producing a growing sale value for your property.
School Ratings
School rating is a critical component. New businesses need to see excellent schools if they are planning to relocate there. Good schools also change a family’s determination to remain and can draw others from other areas. The stability of the desire for homes will make or break your investment efforts both long and short-term.
Natural Disasters
When your plan is dependent on your ability to sell the real estate once its value has improved, the investment’s superficial and architectural status are crucial. For that reason you will need to avoid places that often have tough natural disasters. In any event, your property insurance needs to cover the property for harm created by circumstances such as an earth tremor.
As for possible harm done by tenants, have it covered by one of the best rental property insurance companies in Union County NC.
Long Term Rental (BRRRR)
BRRRR is an abbreviation of “Buy, Rehab, Rent, Refinance, Repeat”. BRRRR is a plan for repeated growth. This strategy revolves around your capability to withdraw cash out when you refinance.
You improve the value of the investment property above the amount you spent purchasing and fixing the property. Then you obtain a cash-out refinance loan that is computed on the larger value, and you pocket the difference. You utilize that cash to purchase an additional property and the operation starts again. This program allows you to repeatedly add to your assets and your investment income.
When your investment property collection is big enough, you may delegate its oversight and enjoy passive income. Locate one of property management agencies in Union County NC with a review of our comprehensive list.
Factors to Consider
Population Growth
Population rise or contraction shows you if you can depend on sufficient results from long-term property investments. A growing population usually demonstrates busy relocation which translates to new tenants. The market is attractive to businesses and employees to move, find a job, and raise families. Growing populations grow a reliable renter mix that can afford rent increases and homebuyers who assist in keeping your asset values high.
Property Taxes
Real estate taxes, ongoing maintenance costs, and insurance directly influence your profitability. High property taxes will decrease a real estate investor’s income. If property tax rates are excessive in a specific city, you will want to search elsewhere.
Price to Rent Ratio
The price to rent ratio (p/r) is a signal of what amount of rent can be demanded in comparison to the market worth of the asset. An investor can not pay a large price for a house if they can only collect a modest rent not enabling them to repay the investment in a reasonable timeframe. A higher p/r tells you that you can set lower rent in that market, a lower one shows that you can charge more.
Median Gross Rents
Median gross rents show whether a site’s lease market is dependable. You are trying to identify a market with regular median rent expansion. If rents are being reduced, you can drop that community from consideration.
Median Population Age
Median population age should be close to the age of a typical worker if a market has a consistent supply of renters. If people are moving into the neighborhood, the median age will have no challenge remaining at the level of the workforce. A high median age signals that the current population is leaving the workplace with no replacement by younger people relocating in. A vibrant investing environment cannot be sustained by retired individuals.
Employment Base Diversity
A higher number of companies in the city will boost your prospects for better profits. If the area’s workers, who are your tenants, are spread out across a diversified combination of employers, you can’t lose all of your renters at the same time (as well as your property’s value), if a major company in the city goes bankrupt.
Unemployment Rate
You won’t reap the benefits of a steady rental income stream in a market with high unemployment. Otherwise profitable companies lose customers when other companies retrench employees. Those who continue to keep their jobs may discover their hours and wages cut. This may increase the instances of delayed rents and lease defaults.
Income Rates
Median household and per capita income will hint if the tenants that you want are living in the city. Your investment research will use rental rate and investment real estate appreciation, which will depend on salary raise in the market.
Number of New Jobs Created
The more jobs are continuously being produced in an area, the more consistent your renter supply will be. Additional jobs equal more renters. This enables you to acquire additional rental real estate and replenish current unoccupied properties.
School Ratings
The reputation of school districts has a significant influence on real estate prices across the area. When a company evaluates a market for potential expansion, they keep in mind that first-class education is a prerequisite for their workforce. Reliable renters are a by-product of a robust job market. Recent arrivals who buy a house keep real estate prices high. Highly-rated schools are an essential requirement for a strong property investment market.
Property Appreciation Rates
Property appreciation rates are an important component of your long-term investment strategy. You want to see that the chances of your investment appreciating in price in that community are strong. You do not want to spend any time examining communities with substandard property appreciation rates.
Short Term Rentals
A furnished apartment where tenants stay for less than 30 days is referred to as a short-term rental. Long-term rentals, like apartments, impose lower rent per night than short-term rentals. Because of the increased rotation of occupants, short-term rentals require more regular upkeep and cleaning.
Average short-term tenants are holidaymakers, home sellers who are in-between homes, and people traveling for business who need something better than hotel accommodation. Ordinary real estate owners can rent their houses or condominiums on a short-term basis via sites such as AirBnB and VRBO. This makes short-term rentals a good method to pursue real estate investing.
Short-term rental properties demand dealing with tenants more frequently than long-term rental units. That determines that property owners face disagreements more often. You may want to protect your legal exposure by hiring one of the best Union County law firms for real estate.
Factors to Consider
Short-Term Rental Income
You need to define the range of rental income you’re looking for based on your investment analysis. A glance at a city’s current average short-term rental rates will show you if that is an ideal area for your investment.
Median Property Prices
When buying property for short-term rentals, you have to determine the amount you can allot. To check if a location has potential for investment, check the median property prices. You can also utilize median market worth in targeted neighborhoods within the market to pick communities for investment.
Price Per Square Foot
Price per square foot gives a basic idea of property values when analyzing similar units. If you are examining similar types of property, like condos or individual single-family homes, the price per square foot is more reliable. If you take this into consideration, the price per square foot may provide you a general view of local prices.
Short-Term Rental Occupancy Rate
The demand for additional rental properties in a location may be determined by analyzing the short-term rental occupancy rate. If the majority of the rental properties are full, that area necessitates new rental space. When the rental occupancy indicators are low, there isn’t much space in the market and you need to explore somewhere else.
Short-Term Rental Cash-on-Cash Return
A short-term rental’s cash-on-cash return can inform you if the investment is a prudent use of your own funds. Take your estimated Net Operating Income (NOI) and divide it by the cash amount you’re ready to invest. The answer will be a percentage. When a venture is high-paying enough to reclaim the investment budget fast, you’ll get a high percentage. Funded investments will have a stronger cash-on-cash return because you are using less of your cash.
Average Short-Term Rental Capitalization (Cap) Rates
One metric illustrates the value of real estate as a return-yielding asset — average short-term rental capitalization (cap) rate. A rental unit that has a high cap rate and charges market rental prices has a good value. If cap rates are low, you can assume to pay more cash for investment properties in that city. The cap rate is calculated by dividing the Net Operating Income (NOI) by the price or market worth. The percentage you get is the investment property’s cap rate.
Local Attractions
Short-term renters are often people who come to a community to enjoy a yearly important event or visit unique locations. This includes professional sporting tournaments, youth sports competitions, colleges and universities, big concert halls and arenas, carnivals, and theme parks. At particular periods, locations with outdoor activities in the mountains, coastal locations, or alongside rivers and lakes will bring in a throng of tourists who want short-term rentals.
Fix and Flip
The fix and flip approach involves acquiring a property that demands repairs or rebuilding, generating added value by upgrading the building, and then reselling it for its full market worth. The essentials to a lucrative investment are to pay a lower price for the home than its as-is value and to precisely determine the cost to make it marketable.
Examine the prices so that you are aware of the accurate After Repair Value (ARV). Find a community with a low average Days On Market (DOM) metric. As a ”rehabber”, you will want to sell the renovated home immediately in order to stay away from maintenance expenses that will lessen your revenue.
Help determined real property owners in locating your business by featuring your services in our catalogue of Union County property cash buyers and top Union County property investment companies.
In addition, hunt for property bird dogs in Union County NC. These experts specialize in skillfully discovering lucrative investment opportunities before they come on the marketplace.
Factors to Consider
Median Home Price
Median real estate value data is a key tool for assessing a potential investment location. Low median home prices are an indicator that there may be a steady supply of houses that can be bought below market worth. This is a necessary element of a fix and flip market.
When area data shows a rapid decline in real estate market values, this can highlight the availability of possible short sale real estate. You will receive notifications about these opportunities by working with short sale processors in Union County NC. Find out how this works by studying our explanation — How Can I Buy a Short Sale House?.
Property Appreciation Rate
The movements in property values in a location are critical. You have to have a community where real estate market values are constantly and continuously ascending. Property purchase prices in the market should be increasing constantly, not rapidly. Purchasing at an inappropriate moment in an unreliable market condition can be devastating.
Average Renovation Costs
You’ll want to estimate building costs in any potential investment area. The time it will require for acquiring permits and the local government’s rules for a permit request will also influence your plans. If you are required to have a stamped suite of plans, you’ll need to incorporate architect’s fees in your costs.
Population Growth
Population information will inform you whether there is solid necessity for houses that you can supply. If there are buyers for your restored houses, the statistics will show a robust population growth.
Median Population Age
The median citizens’ age can additionally tell you if there are potential home purchasers in the region. When the median age is equal to the one of the usual worker, it’s a positive indication. Individuals in the regional workforce are the most steady home purchasers. Older individuals are preparing to downsize, or relocate into age-restricted or retiree neighborhoods.
Unemployment Rate
You want to have a low unemployment rate in your considered market. It must always be less than the US average. When it is also lower than the state average, it’s even more preferable. If you don’t have a vibrant employment base, a community won’t be able to provide you with qualified home purchasers.
Income Rates
Median household and per capita income levels explain to you whether you will see adequate home buyers in that place for your homes. Most homebuyers need to borrow money to buy real estate. To be approved for a mortgage loan, a home buyer can’t be using for housing a larger amount than a specific percentage of their income. The median income stats will tell you if the area is ideal for your investment project. Search for areas where wages are going up. If you want to raise the asking price of your homes, you have to be certain that your homebuyers’ salaries are also rising.
Number of New Jobs Created
The number of jobs appearing per annum is vital data as you contemplate on investing in a specific region. A larger number of residents acquire homes if their community’s financial market is creating jobs. Experienced trained employees looking into purchasing a home and settling choose relocating to cities where they will not be unemployed.
Hard Money Loan Rates
Investors who flip rehabbed residential units regularly employ hard money loans instead of traditional mortgage. Hard money loans empower these purchasers to pull the trigger on pressing investment possibilities immediately. Find top hard money lenders for real estate investors in Union County NC so you can compare their fees.
Someone who wants to learn about hard money financing products can learn what they are as well as how to utilize them by reviewing our resource for newbies titled How Do Private Money Lenders Work?.
Wholesaling
In real estate wholesaling, you find a house that investors may count as a profitable opportunity and enter into a sale and purchase agreement to buy it. A real estate investor then “buys” the purchase contract from you. The property is bought by the investor, not the wholesaler. The wholesaler does not sell the residential property — they sell the contract to buy one.
The wholesaling method of investing involves the engagement of a title insurance company that grasps wholesale transactions and is informed about and active in double close transactions. Search for title companies for wholesalers in Union County NC in our directory.
To know how real estate wholesaling works, read our insightful article What Is Wholesaling in Real Estate Investing?. When using this investment tactic, list your firm in our list of the best real estate wholesalers in Union County NC. This will help any likely partners to discover you and reach out.
Factors to Consider
Median Home Prices
Median home values in the region will show you if your designated price range is achievable in that market. A place that has a large pool of the marked-down residential properties that your customers require will display a below-than-average median home purchase price.
Rapid worsening in property market worth may lead to a lot of houses with no equity that appeal to short sale investors. Wholesaling short sale homes repeatedly brings a number of uncommon benefits. Nonetheless, it also creates a legal liability. Discover more concerning wholesaling short sale properties from our complete explanation. If you determine to give it a try, make sure you have one of short sale real estate attorneys in Union County NC and mortgage foreclosure lawyers in Union County NC to confer with.
Property Appreciation Rate
Median home value trends are also vital. Investors who want to hold real estate investment assets will need to discover that residential property market values are steadily increasing. Both long- and short-term real estate investors will avoid a location where housing prices are dropping.
Population Growth
Population growth statistics are an important indicator that your prospective real estate investors will be aware of. If the community is expanding, more residential units are required. Real estate investors realize that this will involve both rental and purchased residential housing. When a community isn’t growing, it does not require new houses and investors will search somewhere else.
Median Population Age
A strong housing market necessitates individuals who start off leasing, then moving into homeownership, and then moving up in the housing market. To allow this to happen, there has to be a reliable workforce of potential renters and homeowners. That’s why the market’s median age needs to be the age of skilled workers in the workplace.
Income Rates
The median household and per capita income in a stable real estate investment market should be on the upswing. Increases in lease and asking prices will be sustained by improving salaries in the market. Investors want this in order to meet their anticipated profits.
Unemployment Rate
Investors whom you offer to close your contracts will consider unemployment figures to be a key piece of information. High unemployment rate triggers more tenants to make late rent payments or default completely. This is detrimental to long-term investors who need to rent their investment property. Tenants can’t level up to property ownership and current homeowners can’t sell their property and move up to a more expensive home. This makes it difficult to find fix and flip real estate investors to take on your contracts.
Number of New Jobs Created
The amount of jobs appearing every year is a vital component of the housing structure. Job formation implies a higher number of employees who have a need for a place to live. Whether your client base is comprised of long-term or short-term investors, they will be attracted to a region with stable job opening creation.
Average Renovation Costs
Renovation costs have a strong effect on a rehabber’s profit. The price, plus the expenses for rehabilitation, should reach a sum that is lower than the After Repair Value (ARV) of the house to create profitability. The less you can spend to fix up a house, the better the market is for your potential contract clients.
Mortgage Note Investing
Acquiring mortgage notes (loans) works when the mortgage note can be obtained for a lower amount than the face value. By doing so, the purchaser becomes the mortgage lender to the original lender’s borrower.
Loans that are being repaid on time are thought of as performing loans. Performing loans bring stable revenue for you. Non-performing loans can be rewritten or you may buy the collateral for less than face value via a foreclosure process.
Eventually, you could accrue a group of mortgage note investments and be unable to manage them alone. At that stage, you might want to employ our directory of Union County top third party loan servicing companies and reassign your notes as passive investments.
Should you decide to follow this investment method, you ought to include your venture in our directory of the best companies that buy mortgage notes in Union County NC. This will make your business more noticeable to lenders offering desirable opportunities to note investors like you.
Factors to consider
Foreclosure Rates
Note investors searching for current mortgage loans to purchase will hope to uncover low foreclosure rates in the market. If the foreclosure rates are high, the market may still be profitable for non-performing note buyers. The neighborhood ought to be active enough so that investors can complete foreclosure and resell properties if necessary.
Foreclosure Laws
Mortgage note investors are expected to know their state’s regulations concerning foreclosure before buying notes. Many states use mortgage documents and others utilize Deeds of Trust. A mortgage dictates that the lender goes to court for authority to start foreclosure. Note owners don’t need the judge’s agreement with a Deed of Trust.
Mortgage Interest Rates
Purchased mortgage notes have a negotiated interest rate. Your mortgage note investment profits will be influenced by the interest rate. No matter the type of investor you are, the loan note’s interest rate will be important for your predictions.
The mortgage rates charged by traditional mortgage lenders aren’t equal everywhere. Private loan rates can be moderately higher than traditional interest rates due to the greater risk accepted by private mortgage lenders.
A mortgage loan note buyer ought to be aware of the private and conventional mortgage loan rates in their regions at any given time.
Demographics
A lucrative note investment plan includes a study of the community by using demographic information. The market’s population increase, employment rate, job market growth, income levels, and even its median age contain usable facts for investors.
Performing note buyers want homebuyers who will pay on time, developing a stable revenue source of loan payments.
Note investors who buy non-performing notes can also take advantage of strong markets. When foreclosure is necessary, the foreclosed property is more easily sold in a growing market.
Property Values
As a mortgage note buyer, you must search for deals that have a comfortable amount of equity. This enhances the chance that a potential foreclosure sale will repay the amount owed. The combination of loan payments that lessen the loan balance and yearly property value growth raises home equity.
Property Taxes
Most often, mortgage lenders collect the property taxes from the customer every month. This way, the lender makes certain that the real estate taxes are taken care of when due. If the borrower stops paying, unless the note holder pays the taxes, they won’t be paid on time. Tax liens leapfrog over any other liens.
If property taxes keep growing, the client’s house payments also keep growing. This makes it hard for financially challenged homeowners to make their payments, so the loan might become delinquent.
Real Estate Market Strength
Both performing and non-performing mortgage note investors can do well in a growing real estate environment. Because foreclosure is a necessary element of mortgage note investment strategy, increasing real estate values are critical to finding a strong investment market.
Note investors additionally have an opportunity to create mortgage notes directly to homebuyers in reliable real estate areas. It’s another stage of a note buyer’s career.
Passive Real Estate Investment Strategies
Syndications
In real estate, a syndication is a collection of investors who gather their money and experience to purchase real estate assets for investment. The syndication is arranged by a person who enrolls other investors to participate in the venture.
The promoter of the syndication is referred to as the Syndicator or Sponsor. He or she is responsible for handling the acquisition or construction and creating income. They’re also responsible for distributing the promised revenue to the remaining investors.
Syndication members are passive investors. The partnership agrees to give them a preferred return when the business is showing a profit. But only the manager(s) of the syndicate can manage the business of the partnership.
Factors to consider
Real Estate Market
Choosing the kind of region you need for a profitable syndication investment will oblige you to choose the preferred strategy the syndication project will be operated by. To learn more about local market-related components important for different investment strategies, read the previous sections of this guide about the active real estate investment strategies.
Sponsor/Syndicator
Since passive Syndication investors rely on the Sponsor to manage everything, they ought to research the Sponsor’s transparency rigorously. They must be a successful real estate investing professional.
He or she might not invest any capital in the venture. You might want that your Sponsor does have capital invested. The Sponsor is providing their availability and experience to make the project profitable. Besides their ownership interest, the Sponsor might receive a fee at the outset for putting the deal together.
Ownership Interest
Every member holds a portion of the company. You ought to look for syndications where the partners providing capital receive a larger portion of ownership than participants who aren’t investing.
Being a capital investor, you should also expect to receive a preferred return on your investment before income is disbursed. The portion of the capital invested (preferred return) is disbursed to the cash investors from the profits, if any. All the shareholders are then paid the remaining net revenues based on their portion of ownership.
When the asset is eventually sold, the members get an agreed portion of any sale profits. The total return on a deal such as this can really grow when asset sale net proceeds are combined with the yearly revenues from a successful Syndication. The syndication’s operating agreement defines the ownership structure and how owners are treated financially.
REITs
A REIT, or Real Estate Investment Trust, means a business that invests in income-producing real estate. This was originally done as a way to enable the everyday investor to invest in real property. Most people currently are capable of investing in a REIT.
Shareholders’ participation in a REIT is considered passive investment. Investment exposure is spread across a package of properties. Investors are able to unload their REIT shares anytime they need. Something you can’t do with REIT shares is to choose the investment real estate properties. You are confined to the REIT’s collection of real estate properties for investment.
Real Estate Investment Funds
A Real Estate Investment Fund is a mutual fund that owns stocks of real estate firms. The fund doesn’t hold real estate — it owns shares in real estate businesses. Investment funds are considered a cost-effective method to combine real estate properties in your appropriation of assets without needless risks. Fund members may not collect ordinary distributions the way that REIT shareholders do. The profit to investors is created by growth in the value of the stock.
You are able to pick a fund that focuses on particular categories of the real estate business but not specific locations for each property investment. Your selection as an investor is to select a fund that you rely on to manage your real estate investments.
Housing
Union County Housing 2024
Union County shows a median home value of , the state has a median home value of , at the same time that the median value nationally is .
The yearly residential property value appreciation percentage is an average of throughout the last 10 years. The total state’s average in the course of the recent 10 years has been . During the same period, the nation’s year-to-year residential property market worth growth rate is .
As for the rental housing market, Union County has a median gross rent of . The entire state’s median is , and the median gross rent throughout the United States is .
The percentage of people owning their home in Union County is . of the entire state’s populace are homeowners, as are of the populace nationwide.
of rental homes in Union County are leased. The statewide tenant occupancy percentage is . Nationally, the percentage of renter-occupied units is .
The occupancy percentage for housing units of all kinds in Union County is , with a corresponding unoccupied rate of .
Real Estate Trends
Union County Home Appreciation Rates
https://housecashin.com/investing-guides/investing-union-county-nc/#home_appreciation_rates_10
Union County Home Value
https://housecashin.com/investing-guides/investing-union-county-nc/#home_value_10
Union County Median Home Value
https://housecashin.com/investing-guides/investing-union-county-nc/#median_home_value_10
Union County Median Gross Rent
https://housecashin.com/investing-guides/investing-union-county-nc/#median_gross_rent_10
Union County Price To Rent Ratio Over Time
https://housecashin.com/investing-guides/investing-union-county-nc/#price_to_rent_ratio_over_time_10
Union County Home Ownership
Union County Rent & Ownership
https://housecashin.com/investing-guides/investing-union-county-nc/#rent_&_ownership_11
Union County Rent Vs Owner Occupied By Household Type
https://housecashin.com/investing-guides/investing-union-county-nc/#rent_vs_owner_occupied_by_household_type_11
Union County Occupied & Vacant Number Of Homes And Apartments
https://housecashin.com/investing-guides/investing-union-county-nc/#occupied_&_vacant_number_of_homes_and_apartments_11
Union County Household Type
https://housecashin.com/investing-guides/investing-union-county-nc/#household_type_11
Union County Property Types
Union County Age Of Homes
https://housecashin.com/investing-guides/investing-union-county-nc/#age_of_homes_12
Union County Types Of Homes
https://housecashin.com/investing-guides/investing-union-county-nc/#types_of_homes_12
Union County Homes Size
https://housecashin.com/investing-guides/investing-union-county-nc/#homes_size_12
Marketplace
Union County Investment Property Marketplace
If you are looking to invest in Union County real estate, our Investment Property Marketplace can become your indispensable tool in your investing business. To help you easily find the best off-market deals in the Union County area, we created a nationwide investor-friendly online platform. Use it to shop for lucrative off-market properties for sale according to your specific buying criteria.
Unlike other real estate listing websites, our marketplace’s interface is particularly designed for investors. Besides the purchase price, you can see other, essential to investors, key indicators such as: rehab costs and ARV, potential profit, FSBO, or realtor-assisted deal, and others. To get started, visit our marketplace and search for Union County investment properties for sale.
Union County Investment Properties for Sale
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Financing
Union County Real Estate Investing Financing
If you are looking for a loan to finance investment property purchase, rehab or ground up construction in Union County NC, easily get quotes from multiple lenders at once and compare rates.
Fill out our quick online real estate financing application form to receive multiple quotes for your preferred type of loan from our preferred Union County private and hard money lenders.
Union County Investment Property Loan Types
- Rehab Loans
- Fix and Flip Loans
- Bridge Loans
- Asset Based Loans
- Cash Out/Refinance Loans
- Transactional Funding
- Transactional Hard Money Loans
- Private Money Loans
- New Construction Loans
Population
Union County Population Trends
Union County has an overall population of .
During the last ten years, the population growth rate of Union County has been . The 10-year growth rate at the state level is . You can compare these rates to the country’s 10-year population growth rate of .
This amounts to a yearly total population growth rate of , compared to the statewide 12-month rate of . During the same decade, the average yearly population growth rate for the US has been .
is the median age of the citizens of Union County.
Union County Population Over Time
https://housecashin.com/investing-guides/investing-union-county-nc/#population_over_time_24
Union County Population By Year
https://housecashin.com/investing-guides/investing-union-county-nc/#population_by_year_24
Union County Population By Age And Sex
https://housecashin.com/investing-guides/investing-union-county-nc/#population_by_age_and_sex_24
Economy
Union County Economy 2024
Union County shows a median household income of . The median income for all households in the state is , in contrast to the United States’ level which is .
This averages out to a per person income of in Union County, and throughout the state. The population of the United States overall has a per person income of .
Currently, the average salary in Union County is , with a state average of , and the nationwide average figure of .
The unemployment rate is in Union County, in the whole state, and in the United States overall.
The economic description of Union County includes a total poverty rate of . The state’s numbers report an overall rate of poverty of , and a comparable study of the country’s stats records the United States’ rate at .
Union County Residents’ Income
Union County Median Household Income
https://housecashin.com/investing-guides/investing-union-county-nc/#median_household_income_27
Union County Per Capita Income
https://housecashin.com/investing-guides/investing-union-county-nc/#per_capita_income_27
Union County Income Distribution
https://housecashin.com/investing-guides/investing-union-county-nc/#income_distribution_27
Union County Poverty Over Time
https://housecashin.com/investing-guides/investing-union-county-nc/#poverty_over_time_27
Union County Property Price To Income Ratio Over Time
https://housecashin.com/investing-guides/investing-union-county-nc/#property_price_to_income_ratio_over_time_27
Union County Job Market
Union County Employment Industries (Top 10)
https://housecashin.com/investing-guides/investing-union-county-nc/#employment_industries_(top_10)_28
Union County Unemployment Rate
https://housecashin.com/investing-guides/investing-union-county-nc/#unemployment_rate_28
Union County Employment Distribution By Age
https://housecashin.com/investing-guides/investing-union-county-nc/#employment_distribution_by_age_28
Union County Average Salary Over Time
https://housecashin.com/investing-guides/investing-union-county-nc/#average_salary_over_time_28
Union County Employment Rate Over Time
https://housecashin.com/investing-guides/investing-union-county-nc/#employment_rate_over_time_28
Union County Employed Population Over Time
https://housecashin.com/investing-guides/investing-union-county-nc/#employed_population_over_time_28
Schools
Union County School Ratings
The education system in Union County is kindergarten to 12th grade, with grade schools, middle schools, and high schools.
The high school graduating rate in the Union County schools is .
Union County School Ratings
https://housecashin.com/investing-guides/investing-union-county-nc/#school_ratings_31