national
North Carolina
metro
district
North Carolina
North Carolina apartments and their residents contribute
$94.9B
to the
state
economy annually, supporting
524.5K
jobs.
state data
-
North Carolina
0.1M
Apartment Residents
Spending from North Carolina's apartment residents contributes
$79.4B
to the local economy each year (including
$6.8B
in taxes), creating
454K
jobs.
0.0K
Apartment Homes
The operation of North Carolina's apartment homes contributes
$4.1B
to the local economy each year (including
$1.0B
in property taxes), creating
8K
jobs.
1% 17%
Share of North Carolina's Apartments Built Before 1980
The renovation and repair of apartments helps preserve
North Carolina’s
older more affordable units, contributing
$1.7B
to the local economy annually and creating
9K
jobs.
Age of Stock
Before 1959
1%
1960 - 1979
1%
1980 - 1999
3%
2000 or Later
6%
0K
New Apartments Needed Annually
Apartment demand is growing and the industry needs to keep up. However, producing enough new apartments to meet demand requires new development approaches, more incentives and fewer restrictions.
North Carolina
needs to build
14K
new apartment homes each year to meet demand.
Apartment construction contributes
$9.7B
to North Carolina's economy annually, creating
53K
jobs.
ACTIVITY
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