| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 44th | Fair |
| Demographics | 56th | Good |
| Amenities | 48th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2000 Falcon Wood Ct, Winston Salem, NC, 27127, US |
| Region / Metro | Winston Salem |
| Year of Construction | 1987 |
| Units | 72 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2000 Falcon Wood Ct, Winston-Salem NC Multifamily
This inner-suburb location shows a high renter-occupied housing share and accessible rent-to-income levels that can support leasing and retention, according to WDSuite’s CRE market data.
Situated in an inner-suburb pocket of Winston-Salem, the neighborhood is competitive among Winston-Salem neighborhoods (ranked 31 out of 216) with an overall A rating. Daily needs are convenient, with groceries and pharmacies ranking favorably within the metro (ranks 25 and 18 of 216), while cafes and restaurants are present and above many peers. Parks and formal childcare options are limited locally, which may reduce family-centric amenity appeal.
Schools average around 3.0 out of 5 (rank 28 of 216), a relative bright spot in the metro context. Compared with national neighborhoods, amenity access sits near mid-pack, and education metrics trend modestly above the national middle, supporting broader renter appeal rather than a narrow niche.
Multifamily fundamentals are mixed. Neighborhood occupancy is below the metro median (rank 205 of 216), signaling elevated vacancy at the neighborhood level and a need for active leasing strategy. Counterbalancing that, the share of housing units that are renter-occupied is high (top decile in the metro by rank), indicating a deep tenant base for workforce-oriented properties. Median contract rents in the neighborhood remain relatively accessible versus incomes, which can aid absorption and renewal efforts.
Within a 3-mile radius, demographics show steady demand drivers: population grew modestly over the last five years and is projected to expand further, while household counts rose and are expected to continue increasing as average household size trends lower. These dynamics typically widen the renter pool and can support occupancy stability and pricing discipline for well-managed assets.
Home values in the immediate neighborhood benchmark below national norms (lower national percentile), which suggests ownership is comparatively more accessible. For investors, that can introduce some competition from entry-level ownership; however, accessible rents and a sizable renter-occupied share help sustain multifamily demand and lease retention.
Safety indicators should be evaluated with care. The neighborhood’s overall crime rank sits in the lower half of the metro (rank 123 out of 216), and national comparisons place it below the national middle for safety. Property offenses are comparatively elevated by national standards, while violent offense rates track lower than many peers nationally but still below favorable percentiles.
Recent trends are mixed: violent offenses show improvement year over year, while property offenses have moved higher. Investors should incorporate these trends into security, lighting, and resident-experience planning, and benchmark performance against comparable Winston-Salem submarkets rather than block-level anecdotes.
Proximity to major corporate offices provides a steady employment base that supports renter demand and commute convenience, particularly to banking, consumer goods, and apparel headquarters noted below.
- BB&T Corp. — banking HQ (3.5 miles) — HQ
- Reynolds American — consumer goods/tobacco (3.8 miles) — HQ
- Hanesbrands — apparel (9.4 miles) — HQ
- VF — apparel (27.4 miles) — HQ
Built in 1987, this 72-unit asset offers potential value-add and targeted capital planning to enhance competitiveness versus younger stock in a neighborhood with a large renter base. According to CRE market data from WDSuite, neighborhood occupancy trails metro norms, so execution will hinge on proactive leasing and asset positioning; however, accessible rents relative to incomes and a high share of renter-occupied housing units support demand depth and renewal potential.
Within a 3-mile radius, moderate population growth and an increase in households point to a larger tenant base over time, aided by a gradual shift toward smaller household sizes. Local corporate employers within a short drive bolster weekday demand and retention for workforce-oriented units. While ownership costs are comparatively accessible in this area—which can create competition from entry-level ownership—well-executed renovations and customer service can sustain occupancy and stabilize cash flow.
- High renter-occupied housing share supports tenant base depth and leasing velocity
- 1987 vintage offers value-add and CapEx-driven upside versus newer comparables
- Accessible rents vs. incomes provide room for disciplined pricing and renewals
- Nearby headquarters employers underpin steady workforce demand
- Risk: neighborhood occupancy ranks below metro median, requiring active leasing and resident experience management