Elizabeth City, NC Good or Bad Market?

Elizabeth City, NC Good or Bad Market?

Rental Property Investor · Chesapeake, VA · Member since 2021 · 6 posts · 0 votes

Does anyone have insight on market potential in Elizabeth City, NC. The housing market in the Hampton Roads, VA has become too hot and my wife and I are looking to find new markets. Any advice on this?

-Marlon

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  • Rental Property Investor · Chesapeake, VA · Member since 2021 · 6 posts · 0 votes
    5y

    Follow on information:

    The market there seams slow, and I’ve noticed new construction has been on the market for at least 2 months.

  • Kristopher KyzarBusiness Member
    Rental Property Investor · Norfolk, VA · Member since 2017 · 260 posts · 174 votes
    5y

    @Marlon A Squires II there is definitely some good activity there in Moyock and Elizabeth City. The price points are lower than Hampton Roads, and the market moves slower, but things still move fairly quickly in the retail side. I believe EC is a good opportunity for investors because the level of activity in that side of things is lower.

  • Rental Property Investor · Chesapeake, VA · Member since 2021 · 6 posts · 0 votes
    5y

    @Kristopher Kyzar I definitely agree and that was our initial gut feeling. These undervalued or up and coming markets can be tricky. Thank you for the boost of confidence. We are digging deep to make sure we’re not missing any red flags. Please let me know if I can return the favor in the future.

    -Marlon

  • Savannah, GA · Member since 2022 · 30 posts · 9 votes
    2y

    Hi Marlon, did you ever end up investing in Elizabeth City? I'm looking at some property there as well. I currently live in Portsmouth. 

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