| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 44th | Fair |
| Demographics | 33rd | Fair |
| Amenities | 11th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2911 Jamestown Pkwy, High Point, NC, 27260, US |
| Region / Metro | High Point |
| Year of Construction | 1973 |
| Units | 31 |
| Transaction Date | 2021-09-23 |
| Transaction Price | $897,750 |
| Buyer | D R HORTON INC |
| Seller | FORESTAR USA REAL ESTATE GROUP INC |
2911 Jamestown Pkwy, High Point Multifamily Investment
Neighborhood occupancy has held in the low 90% range with a solid renter base, according to WDSuite’s CRE market data. For investors, that suggests steady demand fundamentals to support leasing and asset management.
Set within an Inner Suburb of High Point with a neighborhood rating of C, the area shows stable multifamily usage and demand. Neighborhood occupancy is around the low 90% range and has risen over the past five years, indicating resilient renter demand and leasing performance relative to broader metro conditions, based on CRE market data from WDSuite.
Renter-occupied housing represents roughly half of units in this neighborhood, signaling a meaningful tenant base for a 31-unit property and supporting ongoing absorption and renewal activity. Median contract rents in the area remain modest compared with many U.S. submarkets, which can support retention and measured rent growth management rather than aggressive repositioning.
Within a 3-mile radius, recent population trends have been roughly flat while household counts have increased, pointing to smaller household sizes and a gradually expanding renter pool. Forward-looking projections in the same 3-mile radius indicate notable increases in both population and households over the next five years, which would expand the tenant base and support occupancy stability if realized.
Local lifestyle amenities are limited within the immediate neighborhood, with few cafes, grocers, parks, or pharmacies in close proximity; however, restaurant density is competitive among Greensboro–High Point neighborhoods. The setting is more car-oriented than walkable, which investors should factor into tenant profile assumptions and marketing strategy.
The property’s 1973 vintage is older than the neighborhood’s average construction year (mid-1980s), which points to potential capital expenditure needs and value-add opportunities through unit and systems modernization. Newer competitive stock nearby may offer updated finishes and amenities, so positioning and renovation planning will be important for leasing.
Safety indicators for the neighborhood sit near the metro middle, and below the national average compared with neighborhoods nationwide. Recent data also show a year-over-year decline in estimated property offenses, a constructive trend that suggests conditions may be improving even if the area is not among the top quartile for safety. These are neighborhood-level readings rather than property-specific conditions.
Within the Greensboro–High Point metro, the neighborhood’s crime rank is in the lower half among 245 neighborhoods. Nationally, it falls below the median for safety, but the one-year decline in property offenses (over 20%) is a supportive signal to monitor over time.
- VF — apparel HQ (13.8 miles) — HQ
- BB&T Corp. — banking (17.0 miles) — HQ
- Reynolds American — tobacco (17.0 miles) — HQ
- Hanesbrands — apparel (21.5 miles) — HQ
- Laboratory Corp. of America — life sciences (31.2 miles) — HQ
Major nearby employers provide a diversified employment base and commute convenience that can support renter demand and lease retention, including headquarters operations in apparel, banking, tobacco, and life sciences.
Built in 1973, this 31-unit asset is older than the area’s average vintage, creating clear value-add and capital planning angles to improve competitiveness against newer stock. Neighborhood occupancy has been in the low 90% range with a substantial renter-occupied share, supporting day-one demand depth and leasing stability.
According to CRE market data from WDSuite, local rent levels are moderate relative to income, which can aid resident retention while allowing room for disciplined, programmatic renovations. Three-mile-radius projections show more households ahead, pointing to a larger tenant base over time, though amenity scarcity and mid-pack safety positioning should be underwritten conservatively.
- Stable neighborhood occupancy and meaningful renter base support leasing
- 1973 vintage offers value-add potential through targeted renovations
- Moderate rents versus incomes help retention and measured rent growth
- Projected 3-mile household growth expands long-term tenant pool
- Risks: limited walkable amenities and below-national-average safety require careful underwriting