Shopping Bag
Investing In College Towns North Carolina and South Carolina
If you’re considering buying residential properties in North Carolina or South Carolina and renting them out, there’s no better place to do it than in a college town.
Luckily, North Carolina and South Carolina are filled with blossoming college towns.
Before you decide on a town, make sure the campus is made up of resident students, rather than commuters.
You might look at the University of North Carolina at Wilmington and think it’s a great place to buy, but a closer look will tell you most of the students commute.
If 30% or less of the students enrolled can be housed on campus, it’s well worth looking at. The lower the better. You will pay more for buildings near colleges, but you will also get more rent.
The supply of college housing is limited due to zoning codes and the lack of available land.
In the case of public schools, they usually don’t have the money to build more housing. The demand is growing due to increasing enrollments of both undergraduate and graduate students.
Try to buy near the college, so your tenants can walk to school.
Some of my favorite college towns include:
- University of South Carolina at Spartanburg
- Wofford College
- Converse College
- ECPI University
- Sherman College of Straight Chiropractic
- Spartanburg Community College
- Spartanburg Methodist College
- Virginia College
- Bob Jones University
- Furman University
- Brown Mackie College
- ECPI University
- Greenville Technical College
- Holmes Bible College
- Strayer University
- University Center of Greenville
- University of South Carolina -School of Medicine, Greenville
- Virginia College
- Webster University
- USC School of Law Columbia
- School of Medicine, Columbia
- Allen University
- Benedict College
- Columbia College
- Columbia International University
- Columbia International University Seminary
- Fortis College
- ITT Technical Institute
- Midlands Technical College
- Remington College
- South University
- Strayer University
- University of Phoenix
- Webster University
- University of North Carolina – Charlotte
- DeVry University
- Strayer University
- King's College
- Art Institute of Charlotte
- Carolinas College of Health Sciences
- Central Piedmont Community College
- Queens University of Charlotte
- North Carolina State University
- Peace College
- Saint Augustine's College
- Shaw University
- Wake Technical Community College
- University of North Carolina – Chapel Hill
- Duke University
- North Carolina Central University
- Durham Technical Community College
- Art Institute of Charleston
- The Citadel
- College of Charleston
- Medical University of South Carolina
- Culinary Institute of Charleston
All these areas have vibrant downtown's which cater to the colleges and universities. Not only do they offer housing for the students but goods and services for the younger residents.
College towns are also becoming very popular with retirees, and remember, professors also need housing!!!
Who knows, you may just find your best place to relocate or retire is in one of these college towns in North Carolina or South Carolina.
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About Bob Bencivenga
 Bob Bencivenga |
Bob Bencivenga is a professional site locator and location analyst for major corporations. Bob researches the growth of NC and SC to find the Best Places to Retire or Relocate that are still affordable. |
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