Owning Property In Asheville And The Surrounding Towns
Located in the heart of the Blue Ridge Mountains, Asheville, North Carolina, offers residents a reprieve from the fast-paced life often found elsewhere. The small towns surrounding it are even slower-paced and more affordable, making the area a perfect place to call home.
Asheville itself is known for its great craft beer scene, art districts, and great dining options. It provides so many sought-after amenities people are looking for when trying to find a place to live. Honestly, Asheville is perfect.
Owning property in Asheville and the surrounding towns can be exceptionally beneficial. This is especially true if you know the market. Asheville may be expensive, but you can more than make up for the cost of owning a property with the price of rent.
The small towns surrounding it are on the rise. Towns such as Hendersonville, Black Mountain, and even Marion are growing at a rapid rate not seen before.
This rapid growth in the overall region makes the area a perfect opportunity to make a good investment. The current economic trends alone show that both rental properties and forever homes are in high demand and will continue for the long term.
Why Own Property In Asheville
Asheville is the lynchpin of the region, a cultural capital of the mountains if you will. The city has been rapidly growing over the last 15 years. The arts and craft beer scene has certainly boosted the desirability of the city, and so has the growing job market.
Owning Property In Towns Near Asheville
1) Brevard Property
If you are a lover of the outdoors, look no further than Brevard. At just around 30 minutes south of Asheville, Brevard is chock full of incredible outdoor opportunities. For one, Pisgah National Forest surrounds the town, hosting a plethora of incredible outdoor experiences.
You can easily hop on a bike from a property in town, ride world-class mountain bike trails, and grab a beer at one of the nation's most well-known breweries. Additionally, the Davidson River offers anglers ample opportunities to get their feet wet with some of the best-kept trout streams in North Carolina.
2) Biltmore Village Property
Biltmore is indeed a place known for its prestige. It is the homesite of one of the 20th century's wealthiest families. It is the largest privately owned home in the country. While Biltmore is known for the sprawling Biltmore estate, there are also plenty of other opportunities to own property in nearby Biltmore Village.
On the grounds, there are several bike and equestrian trails. The winery is also a great way to unwind. The surrounding attractions include shopping, dining, and plenty of outdoor things to do. The housing market here, while high, is desirable, and investing in Biltmore is a game changer.
3) Weaverville Property
Located just 10 miles outside of Asheville, Weaverville has a cute downtown area with plenty of beautiful outdoor spaces. Lake Louise Park and Main Street Nature Park are two of the great outdoor spaces that the town offers residents
4) Hot Springs Property
While it is a little further away, Hot Springs, NC, is a hidden gem. Tucked along the banks of the French Broad River, The tiny town of Hot Springs is home to healing natural mineral springs that have been attracting visitors since the 1700s.
Hot Springs is also an Appalachian Trail trail town, making this a unique cross-section of local flavor and adventure that all culminates in this tiny historic town.
5) Hendersonville Property
One of the more well-known towns in the region outside of Asheville is Hendersonville. This is a bit of a larger town than many on our list with around 15,000 residents. However, the town still has a small-town feel.
Hendersonville is close to Dupont State Park, a wonderful outdoor dream of a place where there are plenty of hiking and bike trails, waterfalls, and scenic overlooks. The town itself is home to several amazing breweries and restaurants, as well as a downtown shopping district full of boutiques.
Why Own Property In Towns Outside Of Asheville
Property prices in Asheville have been rising steadily due to high demand, which can make it challenging for investors to find affordable opportunities with substantial return potential. In contrast, the small towns surrounding Asheville typically offer more affordable real estate prices.
This lower entry cost can provide higher potential returns on investment, especially as these areas begin to appreciate.
Demand For Suburban Living Is Increasing
The trend toward suburban and rural living has accelerated in recent years, particularly due to the rise of remote work. Many people are seeking quieter, more spacious living environments while still being within commuting distance of urban amenities.
Small towns around Asheville, with their picturesque settings and slower pace of life, perfectly meet these criteria.
Diverse Investment Opportunities
Small towns around Asheville present diverse investment opportunities, from single-family homes to multi-family units, vacation rentals, and more. This diversity allows investors to tailor their portfolios according to their risk tolerance and investment strategy.
Proximity To Asheville’s Amenities
Investing in small towns around Asheville means enjoying the best of both worlds: the tranquility of a smaller community and easy access to Asheville’s vibrant cultural and recreational amenities. These towns are often just a short drive from Asheville, allowing residents and visitors to enjoy the city's restaurants, shops, galleries, and outdoor activities without living amidst the hustle and bustle.
The small towns surrounding Asheville present a wealth of opportunities for property investors. By considering the unique advantages of these small towns, property investors can uncover hidden gems that promise both immediate rewards and long-term gains.
Asheville Phoenix Properties - Your Choice To Finding And Managing Your Property Investment
As a property investor looking for your next investment, finding the perfect location can be tough. When you begin to consider the areas around the prime location of Asheville, prices begin to make investment more palatable and improve your long-term ROI. For help finding properties or managing an existing property in the Asheville Area, contact us at Asheville Phoenix Properties today!