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Genie Score
Monthly Cash Flow
Annual Total Gain
Estimated Rent
$1,471
$1,907
Appreciation
7.93%
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Job Growth
0.02%
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Population
43,747
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The LTR Genie Score of Hickory, NC is 80 and the STR Genie Score is 72, indicating that both long-term and short-term rental opportunities are favorable in this market. The high LTR Genie Score can be attributed to the high LTR Rentability and impressive LTR Net ROI of 30.94%. On the other hand, the slightly lower STR Genie Score may be due to the moderate STR Revenue and occupancy rate of 61.99.
Hickory, NC is a growing city located in the western part of North Carolina, known for its strong economy driven by industries such as furniture manufacturing and healthcare. The city offers a mix of urban amenities and outdoor recreational opportunities, making it an attractive location for both residents and tourists.
Based on the metrics provided, Hickory, NC appears to be a promising market for both long-term and short-term rental investments. With a positive 1-year price appreciation forecast and competitive net ROI rates for both rental strategies, investors may consider diversifying their portfolio by exploring opportunities in both rental markets in Hickory. Additionally, the city's growing economy and desirable location make it a potentially lucrative market for real estate investors.