| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Best |
| Demographics | 60th | Good |
| Amenities | 21st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 230 Hopkins Rd, Kernersville, NC, 27284, US |
| Region / Metro | Kernersville |
| Year of Construction | 1988 |
| Units | 84 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
230 Hopkins Rd, Kernersville NC Multifamily Investment
Neighborhood occupancy remains strong and above metro norms, according to WDSuite s CRE market data, pointing to steady tenant retention around this 84-unit asset. Emphasis is on submarket stability rather than property-level performance, with renter demand supported by a diverse 3-mile workforce.
Kernersville 7s suburban setting delivers balanced livability with an A- neighborhood rating (ranked 41 among 216 Winston-Salem neighborhoods), signaling competitive fundamentals for long-term holders. Neighborhood occupancy is 96.8% and ranks 26 of 216 a position that is competitive within the metro and consistent with top-quartile stability nationally, based on CRE market data from WDSuite.
The property 7s 1988 vintage is slightly older than the neighborhood 7s average construction year (1991). Investors should underwrite routine capital planning and targeted renovations to protect competitive positioning versus newer stock, while considering value-add potential in common areas and unit finishes.
Within a 3-mile radius, households and families have grown in recent years, with households projected to expand further over the next five years alongside a modest decrease in average household size. This points to a larger tenant base and continued multifamily demand, supporting occupancy stability and lease-up predictability.
Tenure patterns show a meaningful renter-occupied share within 3 miles (about one-third of housing units), indicating adequate depth for multifamily leasing. Median home values in the neighborhood are elevated relative to many national markets, which can sustain renter reliance on multifamily housing and support pricing power, while a low rent-to-income burden in the area aids lease retention.
Amenity density is competitive within the Winston-Salem metro (amenity rank 84 of 216) but trails national concentrations, suggesting a more car-oriented lifestyle. Average school ratings in the neighborhood trend below national norms, which investors should consider when positioning the asset for family renters.
Safety indicators in the neighborhood track near the national median overall, with both violent and property incident measures trending in the mid-to-upper national percentiles compared with neighborhoods nationwide. Recent estimates show violent offenses easing year over year, while property-related incidents rose, underscoring the need for ongoing monitoring and proactive on-site security and lighting practices.
Against the Winston-Salem metro, the area is competitive on several safety dimensions but not uniformly strong across all categories. Investors should incorporate recent trend variability into underwriting assumptions and management planning rather than relying solely on long-run averages.
Proximity to anchored employers supports workforce housing demand and commute convenience for residents. The employment base includes consumer products, banking, apparel, and life sciences organizations within daily-drive distances.
- Reynolds American
This 84-unit property benefits from a neighborhood with consistently high occupancy and competitive metro positioning, supporting steady cash flow prospects. The 1988 vintage suggests prudent capital planning and targeted upgrades can enhance leasing velocity and sustain competitive rents relative to newer comparables. According to CRE market data from WDSuite, the area 7s rent burden is relatively low, which supports retention and manageable delinquency risk.
Within a 3-mile radius, population and household counts are trending upward and are projected to expand further, indicating a larger tenant base and ongoing multifamily demand. A meaningful renter-occupied share, combined with proximity to regional employers, reinforces depth of demand, while ownership costs in the neighborhood help sustain renter reliance on multifamily housing.
- High neighborhood occupancy and competitive metro rank support stable leasing
- 1988 vintage offers value-add potential via targeted interior and common-area upgrades
- 3-mile population and household growth expand the renter pool and support absorption
- Low rent-to-income dynamics aid retention and pricing discipline
- Risks: recent property-crime variability, below-average school ratings, and car-oriented amenities may require targeted positioning