| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Fair |
| Demographics | 31st | Poor |
| Amenities | 70th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1300 Burton Ave, High Point, NC, 27262, US |
| Region / Metro | High Point |
| Year of Construction | 1996 |
| Units | 101 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1300 Burton Ave, High Point NC Multifamily Investment
Neighborhood fundamentals indicate steady renter demand and occupancy resilience, according to WDSuite’s CRE market data. Positioning near daily amenities and major employment hubs supports leasing stability and long-term income durability.
Neighborhood dynamics and renter demand
The property sits in an Inner Suburb neighborhood of High Point that ranks 47th among 245 Greensboro–High Point metro neighborhoods (A- rating). That position is competitive among Greensboro–High Point neighborhoods and reflects balanced livability, with daily needs close by.
Amenity access is a clear strength: grocery and pharmacy density are both high relative to the metro and land in the upper national percentiles, while cafes and restaurants are reasonably available. Park access is limited in the immediate area, which may modestly constrain outdoor recreation appeal but does not typically drive multifamily leasing outcomes for workforce renters.
Neighborhood occupancy is strong and competitive among Greensboro–High Point neighborhoods, with stability that has trended higher over the past five years (per WDSuite). The local renter-occupied share is 51.1% of housing units, signaling a deep tenant base that supports multifamily absorption and renewal velocity. Median rents in the neighborhood remain accessible relative to incomes, contributing to manageable rent-to-income ratios that can aid retention and reduce turnover risk.
Within a 3-mile radius, demographics show near-term softness followed by projected growth: recent years saw a modest pullback in population and households, but WDSuite’s projections point to population growth and a notable increase in households over the next five years. That trajectory implies a larger tenant base and supports occupancy stability as new renters enter the market.
The asset’s 1996 vintage is newer than the neighborhood’s older housing stock (average vintage 1963), providing a relative competitive edge versus older comparables. Investors should still plan for system updates typical of late-1990s construction to sustain performance and capture potential value-add.
Safety context
Safety indicators are mixed relative to broader benchmarks. The neighborhood’s crime rank is mid-pack among 245 Greensboro–High Point metro neighborhoods, and national positioning is near the middle of the distribution. Property offenses have improved materially year over year, placing the area in the top quartile nationally for improvement, while violent offense levels remain weaker than the national benchmark for safety. Taken together, recent trends point to improving property-crime conditions with room for continued progress.
Investors should underwrite with standard precautions: focus on property-level security, lighting, and maintenance practices, and monitor submarket trends over time rather than relying on block-level snapshots.
Proximity to established corporate headquarters in the Triad anchors a diverse employment base and supports renter demand via commute convenience and retention. Nearby employers include financial services, consumer goods, apparel, and healthcare diagnostics — all represented in the list below.
- BB&T Corp. — banking (15.6 miles) — HQ
- Reynolds American — tobacco (15.7 miles) — HQ
- VF — apparel (18.6 miles) — HQ
- Hanesbrands — apparel (21.2 miles) — HQ
- Laboratory Corp. of America — diagnostics (35.6 miles) — HQ
Investment thesis
1300 Burton Ave offers durable renter demand supported by a competitive neighborhood standing (47th of 245 metro neighborhoods) and amenity depth that sustains daily convenience. Neighborhood occupancy is strong and has improved over five years, and the renter-occupied share around 51% indicates a deep tenant pool. The local ownership landscape skews toward a higher value-to-income ratio nationally, which tends to reinforce reliance on multifamily housing and can support lease retention. Based on CRE market data from WDSuite, these fundamentals align with steady leasing and manageable rent-to-income dynamics.
Built in 1996 and totaling 101 units, the asset is newer than much of the surrounding housing stock, offering relative competitiveness while still presenting scope for targeted system upgrades and value-add improvements. Within a 3-mile radius, recent softness in population and household counts is projected to reverse, with growth and an expanding renter pool that can support occupancy stability and future rent positioning.
- Competitive neighborhood standing among 245 metro neighborhoods with strong everyday amenities
- Demonstrated occupancy stability and accessible rents that support retention
- 1996 vintage offers relative competitiveness plus targeted value-add potential
- 3-mile projections indicate population growth and a larger renter pool
- Risks: limited park access, mixed safety metrics, and capex needs typical for late-1990s systems