North Carolina is the twenty-eighth largest state by area, with a population of 10,488,084 (U.S. Census Bureau, July 1, 2019). Throughout history, there have been important milestones that helped shape North Carolina. The earliest settlements in North Carolina were established by the Native American tribes, including the Cherokee, Iroquois, and Sioux. When the English settlers first arrived, they found a permanent settlement in Roanoke, which eventually disappeared without a trace and became known as the "Lost Colony." North Carolina's early economic success was dependent on cotton and tobacco production, in addition to furniture making.
Today, North Carolina's economy has a GDP of $575 billion (Bureau of Economic Analysis, July 1, 2018), which is driven by these top industries: aerospace, automotive, biotechnology, energy, and information technology. Many of the leading Fortune 500 companies have their headquarters in North Carolina, including Bank of America, Lowe's, and Nucor, to name a few.
The most recognized cities in North Carolina are Raleigh, Charlotte, and Durham.
Raleigh is the capital of North Carolina and has a population of 449,477. Raleigh is home to the North Carolina Museum of Art, Pullen Park, and Lake Johnson Park. Over the last ten years, Raleigh's housing market has appreciated by 37.71%. When compared to the rest of the nation, Raleigh's housing prices are substantially more, with the median home price of $225,000 and a median rent of $1,010.
Charlotte resides in southwestern North Carolina and has a population of 826,060. Charlotte is home to the Carowinds, U.S. National Whitewater Center, NASCAR Hall of Fame, and Freedom Park. Over the last ten years, Charlotte's housing market has appreciated by 47.25%. When compared to the rest of the country, Charlotte's housing prices are slightly higher, with the median home price of $187,300 and a median rent of $1,018.
Durham is located in northern North Carolina and has a population of 257,232. Durham is home to Sarah P. Duke Gardens, Eno River State Park, and Falls Lake State Recreation Area. Over the last ten years, Durham's housing market has appreciated by 48.04%. When compared to the rest of the nation, Durham's housing prices are higher, with the median home price of $195,000 and a median rent of $958.