Statewide, home prices in North Carolina are below the national average according to Zillow, making it a great opportunity for Rent to Own buyers to catch a great deal. Metro areas such as Charlotte and Raleigh are growing rapidly thanks to a new influx of tech workers and industry, meaning that younger creative workers are flooding into cities looking for homes.
Rocky Mountain High
The Centennial State is a very mountainous region of the United States with plenty of greenery, many rural area, and some of the fastest appreciating properties in the country due in part to the large influx in major industries setting up shop in the state. Colorado sits at the southern part of the Rocky Mountain range, so winter sports is a big part of the state’s culture as well as its tourism. The population growth rate has gained steam in the last several years thanks to the state’ expansion into the tech industries, and averages at about 0.75 percent annually. Job growth in Colorado continues at 3.3 percent and unemployment sits at 4 percent. The median household income is $47,203 and the median family income is $55,883 annually. Major industries in the state include advanced manufacturing, aerospace, technology, biosciences, military and defense, energy, tourism, and agriculture. Some of the state’s major metro areas are Denver, Aurora, Colorado Springs, Centennial, and Arvada.
Denver, CO Source: Trip AdvisorThe Market in Colorado
As of February 2015, the median value of owned homes in Colorado was $263,200 and the median asking price was $329,000. The median price for homes being sold is $254,860, showing that Colorado homes are becoming increasingly popular.
School rankings are mostly average throughout the state with some of the best schools concentrated near the central cities including Denver. Colorado also has a great university network which includes the University of Colorado, University of Denver, Air Force Academy, and Regis University.
In terms of annual crime, violent crime rates are slightly below the 3.8 per 1,000 residents national average at 3.08 while property crime is 26.58 per 1,000 residents and is slightly lower than the 27.3 national average.
Rocky Mountains, CO Via Careers in PsychologyCulture and Entertainment
Colorado has a lot to offer its residents in fun points of interest that include the Garden of the Gods, Pike’s Peak, ski slopes in Aspen, Rocky Mountain National Park, and Sports Authority Field. By choosing a Rent-to-Own property in Colorado you can have an easier time getting into the housing market with the consistently appreciating prices of homes, particularly in the major metro areas. If you love fair to cool weather, winter activities, and plenty of career opportunities, come to Colorado to test the mountain air!