Asheville, North Carolina, has long been a popular destination for tourists and residents, thanks to its stunning mountain views, vibrant arts scene, and thriving food and beverage industry. As a result, it's no surprise that many people are interested in investing in real estate in the area.
If you're considering buying a property in Asheville, House in Order Property Management has put together a list of some of the best areas to invest in:
Downtown Asheville
Downtown Asheville is the heart of the city, and it's where you'll find many of the city's most popular attractions, including the historic Biltmore Estate, the Grove Arcade, and the Thomas Wolfe Memorial. The area is also home to a number of restaurants, breweries, and independent stores, making it a popular destination for tourists and locals alike.
The area has a high demand for rental properties, and it's likely that you'll be able to find a property that will generate a good return on your investment. Additionally, downtown Asheville has a strong sense of community and a thriving arts scene, which can make it a desirable place to live for many people.
Montford
Montford is a historic Asheville, North Carolina neighborhood known for its charming Victorian houses, tree-lined streets, and picturesque parks. It's located just north of downtown, which appeals to people who want to be close to the city's many attractions and amenities.
Montford is a good place to invest in real estate because it's located near several major employers, including the Mission Health system and the University of North Carolina at Asheville. This can make it a good choice for people who work in the area and want to be closer to their job.
The area is also home to a number of historic landmarks and attractions, including the Smith-McDowell House Museum and the Basilica of Saint Lawrence. These attractions can make the area a popular destination for tourists, which can be a good opportunity for investors looking to turn their property into a vacation rental.
River Arts District
The center of Asheville's creative spirit is the River Arts District. Although there are still some historic residences in this neighborhood, the construction of new homes and apartment buildings is now underway.
The River Arts District is noted for its thriving arts community and old industrial structures that have been transformed into studios, galleries, and other creative spaces. The area's attractiveness and the potential for creative growth will make it a promising place to invest. Asheville's River Arts District is a desirable spot to invest due to a number of variables, including the regional economy and demand for properties.
West Asheville
This district, west of the city center, has recently undergone significant growth with the introduction of numerous new eateries, breweries, and other enterprises.
It's a well-liked neighborhood for many tenant demographics including families and young professionals, and it has a mix of older and newly-built homes. West Asheville is a neighborhood rental opportunity, making it a viable location to acquire investment properties.
Kenilworth
Kenilworth is a neighborhood located in Asheville, North Carolina. It’s situated just south of the city's center and is well-known for its old, tree-lined streets. Numerous local establishments, including eateries, stores, and a community center, are located in the neighborhood. Many parks can be found in Kenilworth, including Kenilworth Park, a well-liked location for bike riding and strolling.
Due to its high housing demand, robust economy, decent roads, and transit links, with a variety of amenities and activities available to residents, including schools, parks, and leisure facilities, Kenilworth are good for investors. Because of this, it’s a desirable place to live and work, which is advantageous for businesses and investors.
Hendersonville
The city of Hendersonville is located in Henderson County, North Carolina. With the Blue Ridge Mountains acting as its backdrop, the city is renowned for its natural beauty. With a variety of businesses functioning nearby, in industries like healthcare, manufacturing, and tourism, the city has a robust economy.
Numerous tourists come to the area to take advantage of the natural beauty and outdoor leisure options, which helps boost the local economy. It’s a well-liked vacation spot for locals and tourists alike. Major roads and highways provide access from the city to various regions in and out of the state. Due to this, investors and enterprises may find it appealing.
Hendersonville inhabitants can enjoy various services and amenities including parks, cultural and artistic institutions, and outdoor recreational opportunities. This might make it a desirable location to live and work.
Baltimore Forest
Biltmore Forest is a town located in Buncombe County, North Carolina. It’s a suburb of Asheville and is situated just southwest of the city. The town is known for outdoor activities, including hiking, mountain biking, and golfing, because it’s situated in the Blue Ridge Mountains and is surrounded by forests, mountains, and undulating hills.
Being recognized for its expansive, high-end mansions, Biltmore Forest can be a wonderful spot to invest in real estate. Housing demand and value of real estate properties are supported and driven by the town's strong local economy and comparatively low unemployment rate.
The growing population, closeness to Asheville, and the allure of living in a stunning natural setting all contribute to the region's potential for housing demand, making it a good area for investors to venture into.
Bottom Line
Overall, Asheville is a great place to invest in real estate, with a number of charming neighborhoods and a thriving economy. If you are looking to invest in a rental property, there are plenty of great options to consider in and around the city.
Investors looking at Asheville, NC, can really benefit from the services and advice of a reputable property management company like House in Order Property Management. Contact us today if you're ready to maximize your investment portfolio in Asheville.
