| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Best |
| Demographics | 67th | Best |
| Amenities | 26th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7354 Woodspring Dr, Whitsett, NC, 27377, US |
| Region / Metro | Whitsett |
| Year of Construction | 2012 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7354 Woodspring Dr, Whitsett NC Multifamily Investment
Suburban Whitsett shows steady renter demand supported by household and population growth; mid-market rents and a balanced tenure mix point to durable leasing, according to WDSuite’s CRE market data.
The property sits in a Suburban neighborhood within the Greensboro–High Point metro that ranks 46 out of 245 metro neighborhoods, placing it in the top quartile locally. WDSuite’s neighborhood indicators point to a balanced mix of livability and demand drivers rather than a purely amenity-led story.
Local convenience is serviceable: grocery access is comparable to many peer suburbs, park availability trends above national mid-pack, while cafes and pharmacies are thinner. For investors, that typically translates to car-oriented living with stable suburban appeal rather than destination retail traffic.
Renter-occupied share is 26.6% at the neighborhood level and about 31% within a 3‑mile radius, signaling a meaningful but not saturated renter base. Neighborhood occupancy sits around the national mid-range, which helps support income consistency while giving operators room to compete on product and service quality.
Within a 3‑mile radius, population rose materially over the last five years and is projected to expand further alongside household growth, pointing to a larger tenant base over time. Median incomes trend above national mid-range and bachelor’s-degree attainment sits in a high national percentile, both supportive of lease retention and credit quality. Median home values remain comparatively accessible for owners, which can create competition with entry-level ownership; however, rent-to-income levels near 14% indicate limited affordability pressure, supporting pricing discipline and renewal rates.
Safety indicators track close to the national middle, with the neighborhood performing around the metro median. According to WDSuite, recent trend data shows year-over-year improvement across violent and property categories, suggesting incremental progress rather than a structural shift. Investors should underwrite to mid-pack safety with ongoing monitoring of local trends.
Nearby anchor employers provide a diversified white-collar employment base that supports renter demand and commute convenience, including Laboratory Corp. of America, VF, Reynolds American, and BB&T Corp.
- Laboratory Corp. of America — healthcare diagnostics HQ (6.6 miles) — HQ
- VF — apparel HQ (14.5 miles) — HQ
- Reynolds American — consumer goods HQ (38.9 miles) — HQ
- BB&T Corp. — financial services HQ (39.0 miles) — HQ
Built in 2012, this 24‑unit asset offers a relatively newer vintage versus the area’s average, positioning it competitively against older stock while allowing investors to prioritize selective modernization over immediate heavy capex. Average unit sizes around 1,119 square feet align with family-friendly suburban demand, supporting retention and broad tenant appeal. According to CRE market data from WDSuite, neighborhood occupancy trends sit near national mid-range and renter concentration is moderate, which together suggest stable absorption without oversaturation.
Three‑mile demographics show strong historical and projected population and household growth, expanding the renter pool and supporting rent performance. Mid-market rent levels and a favorable rent‑to‑income profile point to manageable affordability pressure, while comparatively accessible ownership costs may introduce competition—an underwriting consideration that reinforces the value of product differentiation and operations-driven leasing.
- 2012 vintage supports competitive positioning with selective value‑add potential rather than immediate heavy capex
- Expanding 3‑mile population and households indicate a growing tenant base and support occupancy stability
- Mid-market rents and rent‑to‑income profile support pricing discipline and renewal performance
- Larger average unit sizes align with family-oriented suburban demand, aiding retention
- Risk: Accessible ownership options and mid-pack safety require competitive amenities and asset management to sustain leasing