| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Best |
| Demographics | 50th | Good |
| Amenities | 81st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 230 Century Blvd, Kernersville, NC, 27284, US |
| Region / Metro | Kernersville |
| Year of Construction | 1984 |
| Units | 44 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
230 Century Blvd Kernersville, NC Multifamily Investment
Neighborhood occupancy is competitive within the Winston-Salem metro and daily-needs amenities are strong, according to WDSuite’s CRE market data, supporting steady renter demand for a 44-unit asset. The 1984 vintage suggests practical value-add potential through systems upgrades and modernization.
Situated in Kernersville’s inner-suburban context of the Winston-Salem, NC metro, the neighborhood scores A+ overall and ranks 6th among 216 metro neighborhoods, indicating strong fundamentals for multifamily. Amenity access measures in the upper tiers nationally (e.g., pharmacies around the 93rd percentile and groceries near the 81st), which can support leasing velocity and day-to-day convenience that helps retention.
Occupancy in the surrounding neighborhood is competitive among Winston-Salem neighborhoods (rank 58 of 216) and sits in the upper third nationally, a backdrop that typically favors income stability and reduces lease-up risk for comparable assets. Median contract rents in the neighborhood track around mid-pack nationally, while the rent-to-income ratio trends near national norms, suggesting manageable affordability pressure that can aid resident retention.
Construction year in the neighborhood averages 1991; this property’s 1984 vintage is older than that benchmark. For investors, that points to potential value-add opportunities and the need for targeted capital planning on interiors, building systems, and curb appeal to stay competitive against newer stock.
Tenure patterns show a meaningful renter-occupied share (roughly one-third of housing units), indicating a defined tenant base without over-reliance on rentals. Within a 3-mile radius, population has expanded in recent years and households have risen faster than population, signaling smaller household sizes and a growing renter pool. Forward-looking projections within the same 3-mile radius indicate additional population and household growth, which supports multifamily demand, occupancy stability, and long-run pricing power.
Home values in the neighborhood sit near the national middle and the value-to-income ratio trends moderately, implying that ownership is accessible for some households yet still leaves room for sustained rental demand. For investors, this mix suggests balanced competition from ownership options alongside durable need for professionally managed multifamily.
Safety metrics are mixed. The neighborhood’s overall crime standing sits around the middle of the pack among 216 Winston-Salem metro neighborhoods, aligning with a national percentile that is below average for safety. Violent incident measures trend comparatively better (upper tiers nationally), while property-related incidents read closer to national mid-range.
Recent year-over-year readings indicate some volatility in reported incidents. For underwriting, a prudent approach is to monitor multi-year trends and incorporate standard security measures and resident-engagement practices typical for inner-suburban assets.
Nearby corporate anchors provide a diversified employment base that supports renter demand and commute convenience for workforce tenants, including tobacco, banking, apparel, and life sciences employers listed below.
- Reynolds American — tobacco (8.5 miles) — HQ
- BB&T Corp. — banking (8.6 miles) — HQ
- Hanesbrands — apparel (11.1 miles) — HQ
- VF — apparel (16.5 miles) — HQ
- Laboratory Corp. of America — life sciences (36.7 miles) — HQ
230 Century Blvd offers a 44-unit footprint positioned in an inner-suburban neighborhood with strong amenity access and competitive occupancy versus the Winston-Salem metro. According to commercial real estate analysis from WDSuite, the surrounding area’s rents and rent-to-income metrics track near national norms, supporting resident retention while leaving room for disciplined revenue management. The 1984 vintage is older than the neighborhood’s average stock, creating an avenue for targeted renovations and systems upgrades to enhance NOI relative to nearby 1990s assets.
Within a 3-mile radius, recent growth in households outpaced population, and forward projections point to additional population and household increases. This pattern typically expands the tenant base and supports occupancy stability over the hold period, while the neighborhood’s mix of owner and renter households limits over-concentration in any one demand segment.
- Competitive neighborhood occupancy and strong amenity access underpin leasing stability.
- 1984 vintage presents practical value-add potential through interior and systems updates.
- Diversified nearby employers support workforce-driven renter demand and retention.
- Balanced renter concentration with growing 3-mile household counts supports a deeper tenant pool.
- Risk: recent public safety readings show some volatility—underwrite with conservative assumptions and standard mitigation.