| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Best |
| Demographics | 38th | Fair |
| Amenities | 28th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5300 Countryside Ct, Winston Salem, NC, 27105, US |
| Region / Metro | Winston Salem |
| Year of Construction | 1997 |
| Units | 108 |
| Transaction Date | 2019-06-24 |
| Transaction Price | $6,900,000 |
| Buyer | Pine Valley Harmony Housing LLC |
| Seller | --- |
5300 Countryside Ct, Winston-Salem NC Multifamily Investment
Neighborhood occupancy remains steady and trending upward, supporting stable renter demand near 5300 Countryside Ct, according to WDSuite’s CRE market data. Focus is on durable cash flow drivers at the neighborhood level rather than short-term volatility.
This inner-suburb location in Winston-Salem scores competitive among 216 metro neighborhoods (overall neighborhood rank 42 of 216), signaling balanced fundamentals for multifamily. The property’s 1997 vintage is newer than the neighborhood’s average construction year (1988), which typically helps competitive positioning versus older stock while still warranting modernization plans for aging systems over a long hold.
Renter concentration is very high at the neighborhood level (rank 1 of 216; top tier nationally), indicating a deep base of renter-occupied units and a broad audience for multifamily product. Neighborhood occupancy is strong (rank 66 of 216; competitive among Winston-Salem neighborhoods) and has improved over the past five years, a positive read-through for lease-up resilience and retention.
Amenity access is mixed: cafes and pharmacies index well (both near the top of the metro and above the 90th percentile nationally), while parks, groceries, and childcare are limited in the immediate area. For investors, this suggests day-to-day convenience for residents but fewer recreational and family-focused amenities close by, which may influence marketing and positioning.
Within a 3-mile radius, households have inched higher over the last five years while population was roughly flat to slightly down, pointing to smaller household sizes and steady renter pool depth. Forward-looking estimates indicate growth in both population and households by 2028, which supports occupancy stability and absorption potential for multifamily. Homeownership remains a higher-cost path relative to local incomes (value-to-income ratio is among the highest nationally), which tends to reinforce reliance on rental housing and can support pricing power when paired with prudent lease management.
Safety conditions benchmark below the metro median (crime rank 124 of 216), and the area sits below the national median by percentile. Recent estimates point to an uptick in both property and violent offenses year over year. Conditions vary by corridor and over time, so operators often emphasize lighting, access controls, and coordination with local resources to support resident comfort.
Proximity to several corporate headquarters and offices supports a stable renter base and commute convenience for workforce residents, notably in apparel, tobacco, and banking.
- Hanesbrands — apparel (1.9 miles) — HQ
- Reynolds American — tobacco (5.1 miles) — HQ
- BB&T Corp. — banking (5.3 miles) — HQ
- VF — apparel (27.3 miles) — HQ
5300 Countryside Ct brings 108 units with larger-than-typical average unit sizes (about 1,035 sq. ft.), which can aid resident retention and broaden appeal to households needing space. The 1997 construction is newer than the neighborhood average, offering relative competitiveness versus older inventory while still warranting targeted capital planning. At the neighborhood level, occupancy is competitive and renter concentration is among the highest in the metro, supporting a durable tenant base. Based on CRE market data from WDSuite, ownership costs relative to incomes remain elevated locally, which tends to sustain rental demand and supports disciplined rent growth strategies.
Within a 3-mile radius, households have been edging higher and are projected to grow further through 2028, implying a larger tenant base and continued absorption capacity for multifamily. Key considerations include safety benchmarking below metro norms and signs of affordability pressure, which favor thoughtful lease management and resident service strategies.
- Competitive neighborhood fundamentals with improving occupancy and very high renter concentration
- 1997 vintage offers relative edge versus older stock; plan for selective modernization
- Larger average unit sizes support retention and broaden demand
- Ownership costs relative to incomes reinforce reliance on rental housing, supporting pricing power
- Risks: below-metro safety benchmarks, limited nearby parks/childcare, and affordability pressure requiring careful lease management