The Ultimate Home Buyer’s Guide to North Carolina
The Tar Heel state has a lot to offer to newcomers, from culturally rich cities to quiet rural communities. As one of the original colonies, North Carolina boasts a number of historical sites and possesses many beaches and bays. Could this state be the perfect location for your new home? We’ve gathered the most important data homebuyers should know to help you decide.
North Carolina is an ethnically diverse state with 63 percent of residents identifying as white, 21 percent identify as African-American, 9 percent identify as Hispanic and nearly 3 percent of residents identify as Asian. While the majority of residents speak English, 7.5 percent speak Spanish.
As a state, North Carolina is quite well-educated, with over 86 percent of residents have graduated from high school and nearly 30 percent have graduated from college. The majority of the population is under the age of 55, with most individuals falling between the ages of 55 and 34.
Crime and Safety
While crime rates vary by city, North Carolina has favorable statistics compared to the national median. Nationally, there are 4 violent crimes per 1,000 residents, while North Carolina experiences only 3.4 violent crimes per 1,000 residents. Overall, the chance of becoming the victim of a violent crime is 1 in 275. The cities with the lowest crime rates include the following:
- Laurel Park
- Whispering Pines
- White Oak
- Bald Head Island
These could be the top choices for anyone concerned with raising a family.
North Carolina has 2,677 students divided among 298 districts. Over 1.5 million students, grades kindergarten through 12th grade, attend school in the state, with $9,073 spent per student. Class sizes are favorable, with 15.6 students per class compared to the 16.5 students per classroom nationally.
School ratings vary not only by state but also by neighborhood, as resources and class sizes vary with population density and wealth. However, some cities stand out above the rest, including Morrisville, Cornelius, Oak Ridge, Weddington, and Marvin.
The median home value in North Carolina is $174,380, which is an increase from the year before. More than 63 percent of residents are homeowners, and vacancies are approximately 14 percent, which provides a favorable market for buyers. Almost 25 percent of homes were built in 2000 or later, although the majority were built between 1970 and 1999.
If you’re looking to settle in a state with beautiful coasts and great school ratings, North Carolina is a wonderful choice. With its range of neighborhood, you’re sure to be able to find a home that fits your lifestyle.