| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Fair |
| Demographics | 54th | Good |
| Amenities | 54th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2122 Chester Ridge Dr, High Point, NC, 27262, US |
| Region / Metro | High Point |
| Year of Construction | 1980 |
| Units | 20 |
| Transaction Date | 2021-11-09 |
| Transaction Price | $22,766,000 |
| Buyer | SREIT EASTCHESTER RIDGE LLC |
| Seller | EASTCHESTER STRATA |
2122 Chester Ridge Dr, High Point NC Multifamily Investment
Renter demand is supported by a high neighborhood renter-occupied share and improving income trends, according to WDSuite’s CRE market data. Expect steadier leasing potential than ownership-heavy submarkets, with pricing set by local affordability rather than luxury positioning.
Located in an Inner Suburb of High Point within the Greensboro–High Point metro, the neighborhood earns an A rating and ranks 35 out of 245 metro neighborhoods — placing it in the top quartile locally. Restaurants and daily conveniences are accessible (restaurant density sits in a strong national percentile), while parks and cafes are limited, suggesting a service-oriented corridor with fewer leisure nodes.
Rent dynamics point to attainable pricing relative to incomes and home values. The neighborhood’s rent-to-income ratio trends on the lower side nationally, which can reduce affordability pressure and support retention. Median home values sit below national norms, reinforcing reliance on rental options and depth of the tenant base rather than rapid move-outs to ownership.
Multifamily operations should plan for occupancy management: neighborhood occupancy is below the metro median (ranked 210 of 245), yet the share of housing units that are renter-occupied is high (ranked 31 of 245, top decile nationally). For investors, that mix indicates a sizable tenant pool and potential to stabilize through targeted leasing, amenities that resonate with workforce renters, and focused turn execution.
Within a 3-mile radius, demographics show stable population with a notable projected increase in households, implying smaller average household sizes and a growing renter pool over the next few years. Income measures have trended higher versus five years ago, which can support rent growth at attainable price points. These shifts, based on CRE market data from WDSuite, suggest demand for practical unit layouts and parking access over luxury programming.
Safety indicators are mixed. Compared with national neighborhoods, the area sits below average on safety measures, and within the Greensboro–High Point metro it ranks 142 out of 245, indicating higher reported crime than many peer neighborhoods. Property-related incidents are elevated relative to national comparisons, while recent violent-offense trends have improved, with year-over-year decline signaling some easing from prior levels.
For investors, this typically translates to practical on-site measures: good lighting, access control, and resident engagement. Positioning and operations can help mitigate risk and support retention, particularly given the strong renter concentration nearby.
The nearby employment base combines finance, consumer brands, and healthcare, supporting renter demand through diverse white-collar and operational roles. Notable headquarters within a commutable radius include BB&T (now part of Truist), Reynolds American, VF, Hanesbrands, and Labcorp.
- BB&T Corp. — banking HQ (15.1 miles) — HQ
- Reynolds American — consumer goods HQ (15.2 miles) — HQ
- VF — apparel & footwear HQ (15.2 miles) — HQ
- Hanesbrands — apparel HQ (19.9 miles) — HQ
- Laboratory Corp. of America — healthcare & diagnostics HQ (33.0 miles) — HQ
2122 Chester Ridge Dr is a 20-unit asset in an Inner Suburb of High Point with renter demand supported by a high neighborhood renter-occupied share and attainable rent levels. According to CRE market data from WDSuite, neighborhood occupancy trends trail the metro median, but the tenant base is deep, suggesting stabilization potential through focused leasing and value-focused upgrades.
Built in 1980, the property’s vintage points to practical capital planning and selective renovations to enhance competitiveness against newer stock. Within a 3-mile radius, projections indicate growth in households and a larger pool of working-age residents, which can support occupancy stability and measured rent growth at workforce-friendly price points.
- High renter-occupied share supports a deeper tenant base and leasing durability.
- Attainable rents relative to incomes reinforce retention and moderated turnover risk.
- 1980 vintage offers value-add potential through targeted interior and systems upgrades.
- Nearby headquarters across finance, consumer brands, and healthcare broaden employment drivers.
- Risk: Neighborhood occupancy below metro median and elevated property crime warrant active management and security-forward operations.