As a luxury custom home builder, we at Lux Builders understand the value of choosing the right location for your dream home. That’s why we’re excited to highlight the benefits of building in the beautiful town of Lake Lure, North Carolina.
Located in the western part of the state, Lake Lure is a small town with a population of just over 1,000 people. However, it has seen significant growth in recent years, with its population increasing by more than 10% in the last four years and expected to grow by an additional 20% in the next five years. This growth is reflected in the strong rental market, which has seen average rent prices increase by 11% from 2021 to 2022, and is expected to continue rising.
One of the reasons for Lake Lure’s attractiveness as a place to live is its low unemployment rate, which was just 3% in 2022. This, combined with its low crime rates and high-quality schools, makes it a desirable place to live and invest in real estate. In fact, the Lake Lure real estate market is one of the strongest in the nation, with a steady growth rate of more than 1% each year, which is significantly higher than the national average of 0.3%.
In addition to its strong rental and real estate markets, Lake Lure is a picturesque vacation spot known for its stunning lake views. With careful planning and zoning, the town has been able to maintain the integrity of its community while also creating affordable housing options for residents. As a result, the housing market in Lake Lure has been booming, making it a great time for those looking to buy property or rent out a vacation home.
At Lux Builders, we are excited to be able to offer our services in such a thriving and attractive location. If you’re considering building a custom home in Lake Lure, we would love to help make your dream a reality. Contact us today to learn more about how we can help you tap into this investor-friendly market.