Aerial view of Charlotte cityscape with illuminated skyscrapers at twilight, showcasing growth in National Rankings.

The Tar Heel State’s economic powerhouses are driving unprecedented growth


North Carolina has made a remarkable leap in the latest U.S. News & World Report Best States rankings, jumping six spots from #19 to #13 overall—and our thriving metropolitan areas are leading the charge.


The state earned impressive recognition with a #7 ranking for best economy nationwide and #5 for growth, highlighting the dynamic opportunities available across North Carolina’s major metro regions.


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Charlotte: Banking Capital of the South


Charlotte continues to cement its position as an economic powerhouse, now serving as the second-largest banking center in the nation. The Queen City’s financial district rivals major markets, attracting top talent and Fortune 500 companies that fuel job creation and economic expansion throughout the metro area.


The banking and financial services sector has transformed Charlotte into a destination for professionals seeking career advancement in a city that offers both big-city opportunities and Southern charm.


Research Triangle: Innovation Hub


The Research Triangle Park area, anchored by Raleigh-Durham-Chapel Hill, stands out as one of the nation’s premier technology and research corridors. Home to more than 200 companies, this metro region has become a magnet for:


  • Pharmaceutical giants and biotech startups
  • Technology companies and software developers
  • Research institutions and universities
  • Healthcare and life sciences organizations

This concentration of innovation-driven industries creates a robust job market for skilled professionals while fostering entrepreneurship and startup growth.


Statewide Economic Transformation


North Carolina’s metro areas are benefiting from the state’s strategic focus on high-growth industries including banking, pharmaceuticals, and technology. This economic diversification has created resilient job markets that weather national economic fluctuations while providing opportunities for career growth.


Governor Josh Stein emphasized the state’s commitment to continued growth: “We have long known that North Carolina is a top state to live, work, and raise a family. I am proud of our state’s work to grow our economy and make it work for more people.”


Regional Advantages


The rankings evaluated states across multiple categories including:


  • Economic opportunity and growth
  • Infrastructure development
  • Education systems
  • Healthcare access
  • Public safety
  • Natural environment
  • Fiscal stability

North Carolina’s strong performance across these metrics reflects the quality of life and business environment that makes our metro areas attractive to both residents and employers.


Property Management Frequently Asked Questions (FAQ)


1) Know the latest landlord-tenant laws [renter/tenant rights, landlord rights, and Fair Housing]

2) Decide if you will be renting yourself or hiring a property management company

3) Using real data, determine a sound rental rate for your market

4) Research how you will list your rental property online

5) Inspect the property and perform required maintenance

6) Take premier property photos and list the home

7) Schedule appointments and show the property

8) Secure a legally compliant & fair lease

9) Collect initial move-in payments

10) Oversee pre-move repair requests

11) Oversee move-in day, utility transfer, inevitable new user issues

Or, you could just hire us…

Renting out your home can be a very smart and lucrative decision when done properly. Determining up-front what costs and benefits to renting your home can be expected is crucial. Accurate pricing, knowing state and federal landlord laws, and understanding the future market trends are all pivotal in the success of your rental home.

The exact requirements can vary by state or municipality. Most areas do require a real estate license if you collect rent and deposits on someone else’s behalf. Simply put, your friend that used to work for an apartment complex cannot market your home, lease, or collect rental funds on your behalf unless licensed.

Without being partial, that’s really a preference question. However, here is our list of things to be on the lookout for in a great property manager:

Communication: Are your questions answer quickly, clearly, and kindly?

What do their property manager reviews have to say?

Has the rental process been explained clearly and do you agree with it?

Are their rental home listings clear and descriptive or rushed?

Property management company fees vary widely based on the type of service, season, and property management company you choose. Average monthly fees can be around 10% while some companies may charge a flat monthly rate

Being a landlord can be both fun and easy. With free property, management software available (Apartments.com) do-it-yourself landlords have never had it easier! However, the largest sacrifice to be a landlord is time, and stress. Advertising your rental home, processing applications, emergency maintenance calls, and the unfortunate eviction can quickly wipe out a huge amount of what you might save by passing on hiring tax-deductible superior property management services. That said, a poor rental management company can cause headaches of their own, so it’s a matter of finding a great one. If you do, they’re worth their weight in gold

According to RocketHomes.Com,“When you sell a home, that’s the extent of the money you will make on the property. But if you hold it as a rental, you could continue to earn money every month, realize tax advantages and, ideally, see appreciation.” We couldn’t have said it better ourselves! With the expanding real estate market, now is the perfect time to invest in rental property. The US government has built a system where the easiest and most consistent path to wealth is owning exceptionally managed rental homes

Yes! Property management fees, and even most maintenance items, are tax-deductible as they pertain to your rental property



Looking Ahead


As North Carolina continues investing in public education, healthcare, infrastructure, and workforce development, our metro areas are positioned to maintain their competitive edge and attract even more businesses and talent.


Whether you’re considering Charlotte’s financial sector opportunities, the Research Triangle’s innovation ecosystem, or the growing prospects in metros across the state, North Carolina offers the economic foundation and quality of life that support long-term success. To read more, visit North Carolina ranked well in Best States list for 2025 | wcnc.com.

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