Introduction

Investing in rental properties can be a lucrative endeavor, but choosing the right property is crucial for maximizing returns. A good rental property offers steady rental income, appreciates in value over time, and requires minimal maintenance. Location is a significant factor influencing these attributes. A well-chosen location can attract reliable tenants, ensure property appreciation, and provide a higher return on investment (ROI). Onslow County, North Carolina, presents a compelling case for investment due to its diverse neighborhoods, economic stability, and unique attractions. This guide will explore the best areas within Onslow County for rental property investments, grading each on key factors to help you make an informed decision.

Best Neighborhoods and Areas in Onslow County, NC

1. Jacksonville

Grades:

• Convenience: A
• Tourist Attractions: B
• Things to Do: B
• Avg Home Prices: B
• Return on Investment: A
• Proximity to Work-Related Travel: A
• X-Factor: A

Jacksonville is the largest city in Onslow County and a hub of activity, making it a prime location for rental properties.

Convenience: Jacksonville offers excellent convenience with numerous shopping centers, restaurants, and essential services. The city is well-connected with major highways, facilitating easy commutes.

Tourist Attractions: While not a major tourist destination, Jacksonville has attractions like the Beirut Memorial and Lejeune Memorial Gardens, which draw visitors and add to the city’s charm.

Things to Do: Residents can enjoy various recreational activities, including parks, sports complexes, and cultural events. The Jacksonville Commons Recreation Complex is a notable highlight.

Avg Home Prices: The average home prices in Jacksonville are moderate, making it accessible for investors. As of the latest data, the average home price is around $180,000.

Return on Investment: Jacksonville offers a strong ROI due to its steady demand for rental properties, particularly from military personnel and their families stationed at Camp Lejeune.

Proximity to Work-Related Travel: The city’s proximity to Camp Lejeune, Onslow Memorial Hospital, and various business centers makes it ideal for professionals and military personnel.

X-Factor: Jacksonville's unique appeal lies in its strong military presence, creating a stable rental market and fostering a tight-knit community.

2. Richlands

Grades:

• Convenience: B
• Tourist Attractions: C
• Things to Do: C
• Avg Home Prices: A
• Return on Investment: B
• Proximity to Work-Related Travel: B
• X-Factor: B

Richlands is a quaint town known for its rural charm and affordable living.

Convenience: Richlands offers basic amenities and services, though it lacks the extensive options found in larger cities. It’s a peaceful area ideal for families and retirees.

Tourist Attractions: This town doesn't have significant tourist attractions but provides a quiet, rural atmosphere that some find appealing.

Things to Do: Recreational activities are limited, but the town hosts local events and has parks for outdoor activities.

Avg Home Prices: The average home prices in Richlands are among the lowest in Onslow County, approximately $160,000, making it an attractive option for budget-conscious investors.

Return on Investment: While the ROI in Richlands may not be as high as in Jacksonville, the lower property prices can still offer decent returns with the right tenant.

Proximity to Work-Related Travel: Richlands is a short drive from Jacksonville, providing access to major employment centers without the hustle and bustle of city life.

X-Factor: The town’s unique appeal is its serene, rural setting combined with its proximity to larger cities, offering the best of both worlds.

3. Swansboro

Grades:

• Convenience: B
• Tourist Attractions: A
• Things to Do: A
• Avg Home Prices: B
• Return on Investment: B
• Proximity to Work-Related Travel: B
• X-Factor: A

Swansboro is a picturesque town known as the "Friendly City by the Sea."

Convenience: Swansboro offers a good range of amenities and services, with a charming downtown area featuring shops, restaurants, and cultural venues.

Tourist Attractions: The town is a popular tourist destination with attractions like Hammocks Beach State Park and the historic waterfront district.

Things to Do: Residents and visitors can enjoy a variety of activities, including boating, fishing, and attending local festivals.

Avg Home Prices: Home prices in Swansboro are moderate, with an average around $200,000, which is slightly higher than some other areas but justified by its location and amenities.

Return on Investment: Swansboro offers a good ROI due to its appeal to both long-term residents and vacationers, ensuring a steady rental demand.

Proximity to Work-Related Travel: The town is reasonably close to Jacksonville and Morehead City, making it convenient for commuting professionals.

X-Factor: Swansboro’s unique blend of coastal charm, historic appeal, and outdoor activities make it a highly desirable location for both residents and tourists.

4. Holly Ridge

Grades:

• Convenience: B
• Tourist Attractions: C
• Things to Do: B
• Avg Home Prices: A
• Return on Investment: B
• Proximity to Work-Related Travel: B
• X-Factor: B

Holly Ridge is a small town offering a balance between affordability and convenience.

Convenience: The town has essential services and amenities, with larger shopping and entertainment options available in nearby Jacksonville and Wilmington.

Tourist Attractions: Holly Ridge is close to Topsail Island, a popular destination for beachgoers, though the town itself lacks major tourist attractions.

Things to Do: Residents can enjoy outdoor activities like hiking and fishing, with the beach just a short drive away.

Avg Home Prices: Holly Ridge boasts low average home prices, around $170,000, making it an attractive option for investors.

Return on Investment: The town offers a decent ROI, particularly for vacation rentals due to its proximity to Topsail Island.

Proximity to Work-Related Travel: It is conveniently located near major highways, providing easy access to employment centers in Jacksonville and Wilmington.

X-Factor: Holly Ridge’s unique appeal lies in its proximity to beautiful beaches while maintaining a small-town feel and affordable living.

Conclusion

Investing in rental properties in Onslow County, NC, offers diverse opportunities across various neighborhoods, each with its unique advantages. Jacksonville stands out for its strong ROI and military presence, while Richlands offers affordability and rural charm. Swansboro’s coastal allure and tourist attractions make it a prime choice for vacation rentals, and Holly Ridge provides a balance of low home prices and beach proximity. Evaluating these areas based on convenience, attractions, activities, home prices, ROI, work-related travel, and unique factors can help you make an informed investment decision.