Investor Buys A Massive Property In North Carolina For Housing Development

We see it all the time in the area where I live in South Carolina. Developers come in, buy massive tracts of land and put houses on them.  Sometimes the tracts of land were family farms and it is kind of sad to see.  But urban sprawl is real. An investor has bought a massive piece of property in North Carolina for more housing development.

This land asset manager is no stranger to the area. They already have significant holdings in the Charlotte area and nationally.  Now they are adding to their local footprint according to Channel 9.

Over 120 acres has been purchased in Gaston County by Walton Global Holdings. You may be familiar with it if you live in the area because it is known as the Tucker property. All that land is just north of Rufus Ratchford Road in Gastonia. This purchase is the largest land purchase in the Charlotte area for Walton Global Holdings.

The Charlotte area is the fastest growing real estate area in the state of North Carolina.  And if you are like me, you work in the city but don't want to live in the city limits. It makes sense that an investor has purchased a massive piece of property in North Carolina for more housing development.  The outskirts have been and continue to be the best choice for many. To learn more , get details here from Channel 9 in Charlotte.

Are you looking to buy a house sometime this year? If so, then it's good to know what your local real estate market is looking like. Home values are not the only thing that helps determine which state you should purchase your home in. MPAMAG reports that other factors include crime and appeal that the state has.

Guess what though? North Carolina is one of the best states you can purchase a home in 2023. I have recently been looking into the housing market just to get a feel for when the time comes for me and I can certainly say Charlotte does, in fact, have quite a few good options. Wondering why North Carolina made the top 5 list of states to purchase a home in? Find out where North Carolina falls and why below.

The report says that Iowa has an average home value of $183,418. Iowa is also one of the top 5 cheapest states to live in the U.S. The overall cost of living in the state hovers around 90% of the US average, with housing at roughly 75% of the national average. Also, another good thing to note is that Iowa is one of the safest states to live in America.

Indiana's average home value is $210,166 and surprisingly is still among the lowest in the country. Some other financial perks that Indiana offers include flat state income tax and the average commute to work is under 24 minutes. I think that commute is probably one of the most valuable things coming from someone who sits in traffic in the mornings on the way to the office! 

We're heading out to purchase a home in Tennessee. The average home price in Tennessee is $276,963. The state also has no income tax, housing costs tend to be lower than the U.S. average, plus Tennessee has become a popular destination for people to relocate too. In 2021, it was one of the most affordable states in the country. Plus with all of the things you're able to do in the area, you can have some fun in your new home state. 

Now, South Dakota may not have been thought of but maybe now you'll change your mind after hearing some of this information. South Dakota's average home value is $277,809. It is consistently known as one of America's most affordable states to live in. Due to its affordability and tourism, the state has continuously grown more and more over the last few years.

Look at this, North Carolina is here! But, North Carolina is one of the most expensive states on the list. Probably why it is also coming in at No. 5 compared to the others. The average home value in the state is $296,021. North Carolina has become one of the top destinations for millennials. Beyond affordable living, there is also a chance for higher education with many opportunities for growth.