| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Best |
| Demographics | 63rd | Best |
| Amenities | 73rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 310 Jefferson St, Kernersville, NC, 27284, US |
| Region / Metro | Kernersville |
| Year of Construction | 1985 |
| Units | 36 |
| Transaction Date | 2006-06-09 |
| Transaction Price | $900,000 |
| Buyer | PELHAM PLACE PROPERTIES LLC |
| Seller | POLISETTY PROPERTIES LLC |
310 Jefferson St, Kernersville NC Multifamily Investment
Neighborhood occupancy has remained steady with healthy renter demand, according to WDSuite’s CRE market data. The asset’s inner-suburb location supports leasing durability relative to the Winston-Salem metro.
Situated in Kernersville’s inner-suburb fabric, the property benefits from a neighborhood rated A+ and ranked 9th of 216 in the Winston-Salem metro—placing it in the top quartile among metro neighborhoods. This positioning indicates strong local fundamentals that tend to support stable leasing and resident retention for workforce-oriented assets.
Daily needs are well-covered: restaurants and cafes score competitively (restaurant density ranks 13th of 216, with cafes 14th), and grocery, parks, and pharmacies sit above the metro median. These amenity concentrations, measured at the neighborhood level, reinforce convenience and reduce friction for renters weighing commute and lifestyle trade-offs. School rating data is not available in this dataset.
Neighborhood occupancy stands at 94.4% and ranks 57th of 216—above the metro median—indicating a relatively tight backdrop. The renter-occupied share of housing units is 40.9% (neighborhood metric), implying a meaningful base of multifamily renters that can support leasing velocity and absorption.
Within a 3-mile radius, demographics point to a gradually expanding tenant base: population increased modestly over the past five years, households grew faster with slightly smaller average household size, and WDSuite’s multifamily property research indicates projections through 2028 call for further population growth and a notable increase in households. Together, these trends suggest a larger renter pool over time and support for occupancy stability, even as ownership options remain available across the metro.
Home values at the neighborhood level are in a high-cost ownership context for the region, with elevated values relative to local incomes supporting sustained reliance on rentals. Rent-to-income levels (neighborhood metric) near 0.19 indicate manageable affordability pressure today, which can aid lease retention while still allowing disciplined pricing decisions.
Vintage matters for competitive positioning: with construction in 1985 compared to a neighborhood average vintage around 1950, the asset is newer than much of the local stock, offering differentiation versus older properties. Select modernization may still be beneficial for systems and finishes to enhance rentability.
Safety indicators are mixed and should be evaluated in context. At the neighborhood level, the overall crime rank is 42nd out of 216 within the Winston-Salem metro, indicating relatively higher crime compared with many metro neighborhoods. Nationally, the neighborhood sits roughly around the middle to slightly safer side based on percentiles.
Trend signals diverge: estimated violent offenses have declined year over year and stand in a stronger national percentile, while property offense rates have risen over the last year and align closer to mid-range national levels. Investors may want to factor in routine security measures and resident communication as part of operating best practices.
Proximity to established corporate employers supports a diversified employment base and commute convenience for renters. Nearby anchors include tobacco/consumer products, banking, apparel, and life sciences headquarters.
- Reynolds American — tobacco/consumer products (10.0 miles) — HQ
- BB&T Corp. — banking (10.1 miles) — HQ
- Hanesbrands — apparel (12.0 miles) — HQ
- VF — apparel (15.0 miles) — HQ
- Laboratory Corp. of America — diagnostics (35.3 miles) — HQ
310 Jefferson St is a 36-unit 1985-vintage asset positioned in a top-quartile neighborhood within the Winston-Salem metro, where neighborhood occupancy is above the metro median and amenity access is competitive. The asset’s newer vintage relative to local housing stock provides a quality edge versus older comparables, while selective updates can unlock additional rentability and reduce near-term CapEx uncertainty.
According to commercial real estate analysis from WDSuite, the surrounding neighborhood shows stable renter demand, manageable rent-to-income levels, and a growing 3-mile household base over the next five years—factors that support leasing durability and pricing discipline. Investors should also weigh mixed safety trends and potential competition from ownership as household incomes rise and tenure preferences evolve.
- Top-quartile neighborhood rank (9 of 216) supports demand and retention
- Above-metro-median neighborhood occupancy underpins leasing stability
- 1985 vintage is newer than area average, with value-add via targeted modernization
- Amenity-rich location (food, grocery, parks, pharmacies) enhances renter appeal
- Risks: mixed safety signals and potential competition from ownership options