| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Best |
| Demographics | 59th | Good |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5100 Hunt Park Ct, Winston Salem, NC, 27106, US |
| Region / Metro | Winston Salem |
| Year of Construction | 2000 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5100 Hunt Park Ct, Winston-Salem NC Multifamily Investment
Neighborhood data point to a deep renter base and an ownership market with elevated value-to-income ratios, according to WDSuite s CRE market data. For investors, this combination suggests durable renter demand even as the local occupancy trend has been softer than the metro.
Situated in an Inner Suburb of Winston-Salem, the property benefits from a neighborhood with a high concentration of renter-occupied housing (top tier among 216 metro neighborhoods), indicating a broad tenant pool and depth for leasing. By contrast, the neighborhood s occupancy is currently below both metro and national norms and has eased over the past five years; investors should underwrite to conservative lease-up and renewal assumptions while focusing on retention.
Construction vintage is 2000, newer than the neighborhood s average 1988 stock. That positioning can be competitively favorable versus older properties in the submarket, while still warranting capital planning for aging systems and selective modernization to sustain rentability.
Within a 3-mile radius, demographics show stable households recently with a projected increase in population and households over the next five years, expanding the local renter pool. This points to potential support for occupancy stability and measured rent growth as additional renters enter the market, based on CRE market data from WDSuite.
Local retail and services within the immediate neighborhood are limited, with few walkable amenities. Investor strategy may benefit from emphasizing on-site features, parking convenience, and access to major arteries to offset the amenity-light setting. Home values in the neighborhood are elevated relative to local incomes (top national percentile for value-to-income), which tends to sustain reliance on rental housing and can support pricing power when paired with attentive lease management and renewals.
Safety indicators for the neighborhood trend below national averages, with both property and violent offense measures in lower national percentiles compared with neighborhoods nationwide. Within the Winston-Salem metro, the neighborhood s crime rank sits in the middle-to-weaker half of the 216-neighborhood distribution rather than the top quartile. That said, recent data show a modest year-over-year improvement in estimated property offenses, suggesting incremental progress. Investors should reflect this context in operating practices and security planning without over-weighting block-level assumptions.
Proximity to several corporate headquarters supports a sizable employment base and commuter demand that can aid leasing and retention, particularly for workforce and professional renters tied to these firms: Hanesbrands, Reynolds American, BB&T Corp., and VF.
- Hanesbrands apparel (2.3 miles) HQ
- Reynolds American tobacco products (4.7 miles) HQ
- BB&T Corp. financial services (4.9 miles) HQ
- VF apparel & footwear (27.1 miles) HQ
The investment case centers on a large renter-occupied share in the surrounding neighborhood and a high-cost ownership landscape that reinforces reliance on multifamily housing. While neighborhood-level occupancy has trended softer, the property s 2000 vintage is newer than the area s average stock, offering relative competitiveness with targeted upgrades. Demographic projections within 3 miles indicate a larger tenant base over the next five years, which can support steady absorption and renewal performance when paired with disciplined operations, according to CRE market data from WDSuite.
Investors should calibrate rent growth and expense assumptions to an amenity-light setting and safety metrics that trail national norms, while leveraging proximity to anchor employers to support leasing. Emphasis on retention, cost-effective renovations, and prudent security measures can balance risk and position the asset for durable cash flow.
- Deep neighborhood renter base and elevated ownership costs support durable multifamily demand
- 2000 construction offers competitive positioning versus older local stock, with targeted value-add potential
- 3-mile demographic projections point to renter pool expansion, aiding occupancy stability and renewals
- Proximity to multiple headquarters underpins a steady employment base and commute-driven leasing
- Risks: amenity-light location, below-average safety indicators, and softer neighborhood occupancy require conservative underwriting and active management