| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Fair |
| Demographics | 54th | Good |
| Amenities | 54th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 249 Northpoint Ave, High Point, NC, 27262, US |
| Region / Metro | High Point |
| Year of Construction | 1979 |
| Units | 23 |
| Transaction Date | 2011-02-28 |
| Transaction Price | $5,750,000 |
| Buyer | FOREST EDGE TOWNHOMES LLC |
| Seller | 251 NORTH POINT AVENUE LLC |
249 Northpoint Ave, High Point NC Multifamily Investment
Neighborhood fundamentals point to a deep renter base with room to improve occupancy, according to WDSuite’s CRE market data. This inner-suburb location offers daily-needs access and proximity to regional employers that can support leasing durability based on disciplined commercial real estate analysis.
The property sits in an Inner Suburb neighborhood rated A and ranked 35 out of 245 Greensboro–High Point neighborhoods, placing it in the top quartile locally. For investors, that signals competitive livability within the metro while still offering operational upside.
Amenity access is anchored by strong daily services and food options: pharmacy density is in the 93rd percentile nationwide, restaurants are around the 84th percentile, and grocery availability trends near the 73rd percentile. Parks and cafés are comparatively limited, which tilts the area toward convenience-oriented living rather than destination retail.
Neighborhood renter-occupied share is high at 52.7% (90th percentile nationally), indicating a deep tenant pool. By contrast, the neighborhood’s occupancy level is below national norms and has softened in recent years, suggesting near-term leasing and management execution are key value drivers. Median contract rent within the neighborhood tracks near national mid-range levels, and a relatively low rent-to-income ratio signals manageable affordability pressure that can aid retention, though it may temper near-term pricing power.
Within a 3-mile radius, demographics show modest population growth historically with a projected expansion in households ahead, alongside smaller average household size. This combination typically broadens the renter pool and supports absorption, especially for professionally managed units. Home values are lower relative to many U.S. neighborhoods, which can create some competition from ownership; however, the high renter concentration and income growth in the 3-mile area provide a counterbalance for multifamily demand, based on CRE market data from WDSuite.
Safety indicators for the neighborhood are below the national average, with overall crime levels benchmarking in the lower national percentiles. Property-related offenses remain elevated versus many U.S. neighborhoods, while violent incidents benchmark lower but have shown notable year-over-year improvement, placing that decline in a stronger national tier.
For underwriting, this suggests prudent attention to security features, lighting, and resident screening. Comparative positioning within the metro can still support steady tenancy when paired with proactive management, but investors should reflect operating costs for security and potential insurance differentials in their assumptions.
Regional employment anchors within commuting range include banking, consumer brands, and diagnostics headquarters that support a diverse workforce renter base. Specifically, nearby employers include BB&T Corp., Reynolds American, VF, Hanesbrands, and Laboratory Corp. of America, providing breadth across finance, apparel, and healthcare-related industries.
- BB&T Corp. — banking (14.7 miles) — HQ
- Reynolds American — tobacco (14.8 miles) — HQ
- VF — apparel (15.3 miles) — HQ
- Hanesbrands — apparel (19.5 miles) — HQ
- Laboratory Corp. of America — diagnostics (33.3 miles) — HQ
Positioned in a top-quartile neighborhood within Greensboro–High Point, the asset benefits from strong daily-needs access and a high renter concentration that underpins tenant demand. Neighborhood occupancy is currently softer, creating an opening for hands-on leasing, marketing, and unit turns to capture stabilization and potential rent lift. Within 3 miles, household counts have been rising and are projected to expand further as average household size trends lower, broadening the renter pool and supporting absorption.
At the same time, ownership is relatively accessible in this part of High Point, which can limit aggressive pricing; however, manageable rent-to-income levels support retention and steady collections. Proximity to multiple corporate headquarters expands the commuting shed and helps diversify the tenant base. According to CRE market data from WDSuite, these fundamentals align with an execution-focused strategy centered on occupancy gains, resident experience, and disciplined expense control.
- Top-quartile neighborhood within the metro with strong daily-needs amenities and commuter access
- High renter concentration supports depth of demand and leasing velocity
- 3-mile household growth and smaller household sizes expand the renter pool and support absorption
- Execution upside: current neighborhood occupancy below national norms suggests room for stabilization and NOI improvement
- Risks: below-average safety benchmarks and relatively accessible ownership may temper pricing power—underwrite security and rent growth assumptions accordingly