| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 37th | Fair |
| Demographics | 10th | Poor |
| Amenities | 49th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 945 Mount Zion Pl, Winston Salem, NC, 27101, US |
| Region / Metro | Winston Salem |
| Year of Construction | 1985 |
| Units | 62 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
945 Mount Zion Pl, Winston-Salem NC Multifamily Investment
Renter demand is supported by a high neighborhood renter concentration and proximity to major employers, while occupancy trends remain softer than metro norms according to WDSuite’s CRE market data.
This Inner Suburb pocket of Winston-Salem offers everyday convenience more than lifestyle flair: grocery and pharmacy access score above national averages, while cafes and parks are limited. The area’s housing stock skews older (neighborhood average construction year 1972), giving a 1985 asset relative competitiveness versus much of the local inventory, though selective systems and common-area updates may still be prudent for positioning.
Neighborhood ranking sits at 141 out of 216 metro neighborhoods (C+), which places it below the metro median overall. Amenity balance is mixed: restaurants are stronger than average nationally (64th percentile), groceries are solid (58th), and childcare and pharmacies are standouts (both above the 85th percentile), but parks and cafes are sparse. For multifamily property research, this mix points to pragmatic, workforce-oriented livability rather than discretionary amenity depth.
The tenant base is deep: 67.8% of neighborhood housing units are renter-occupied (top decile nationally), indicating durable multifamily demand. At the same time, neighborhood occupancy is 83.2% and ranked 179 of 216, signaling softer leasing conditions locally despite a five-year improvement. Median household incomes in the neighborhood rank low nationally, and the rent-to-income ratio trends toward the lower side, suggesting a budget-sensitive renter profile and the need for disciplined rent management.
Within a 3-mile radius, population and households have grown over the past five years, with forecasts pointing to further population growth and a notable increase in households alongside smaller average household size. For investors, this implies a gradually expanding renter pool and supports occupancy stability over the medium term, provided product quality and pricing remain aligned to local incomes.
Compared with other areas, the neighborhood’s safety profile is below average both regionally and nationally. Crime ranks 119 out of 216 Winston-Salem metro neighborhoods, which is below the metro median. Nationally, safety indicators place the area in lower percentiles, reflecting elevated incident rates relative to many U.S. neighborhoods.
Recent momentum is mixed but includes a positive signal: estimated violent offenses declined year over year, a trend consistent with improvement in the most serious categories. Investors should calibrate underwriting to incorporate property-level security, lighting, and access controls, and weigh how safety perceptions may affect leasing velocity and retention.
Nearby headquarters create a concentrated employment base that supports renter demand and commute convenience for workforce housing. The following employers anchor the area’s job market within practical driving distance.
- Reynolds American — tobacco products (0.9 miles) — HQ
- BB&T Corp. — banking (1.1 miles) — HQ
- Hanesbrands — apparel (6.1 miles) — HQ
- VF — apparel & footwear (24.1 miles) — HQ
- Laboratory Corp. of America — diagnostics (44.3 miles) — HQ
Built in 1985 with 62 units, the property is newer than the neighborhood’s average 1970s vintage, offering a competitive edge versus older stock while leaving room for targeted modernization to enhance leasing and rent positioning. The surrounding neighborhood shows a high share of renter-occupied housing, proximity to multiple headquarters, and steady 3-mile household growth, all supportive of a deep tenant base and longer-term demand. According to CRE market data from WDSuite, local occupancy has improved over five years but remains soft relative to the metro, suggesting an opportunity for hands-on management and value-oriented upgrades to drive performance.
Within a 3-mile radius, recent and forecast growth in population and households—paired with smaller household sizes—points to renter pool expansion and potential support for occupancy stability. Income levels trend modest in the immediate neighborhood and amenity depth is practical rather than premium, so pricing power will likely be earned through operational execution, targeted renovations, and emphasizing commute convenience to nearby employers.
- 1985 vintage offers relative competitiveness vs. older neighborhood stock, with value-add potential through selective renovations.
- High renter concentration locally and 3-mile household growth support a durable tenant base and leasing depth.
- Proximity to multiple headquarters underpins workforce demand and commute convenience, aiding retention.
- Softer neighborhood occupancy and below-median safety require prudent underwriting, security focus, and active management.