| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 37th | Fair |
| Demographics | 50th | Good |
| Amenities | 60th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 170 N Church St, Asheboro, NC, 27203, US |
| Region / Metro | Asheboro |
| Year of Construction | 1978 |
| Units | 25 |
| Transaction Date | 2021-09-17 |
| Transaction Price | $250,000 |
| Buyer | CHURCH STREET LOFT APARTMENTS LLC |
| Seller | ACME-MCCRARY CORPORATION |
170 N Church St Asheboro Multifamily Investment
The neighborhood shows a deep renter base, with roughly half of housing units renter-occupied, supporting demand consistency; occupancy has trended broadly stable in recent years, according to WDSuite’s CRE market data.
Located in Asheboro within the Greensboro–High Point, NC metro, the neighborhood is competitive among 245 metro neighborhoods (ranked 50th), indicating solid local fundamentals for a 25-unit asset. Amenity access is a relative strength: restaurants and cafes rank among the stronger clusters in the metro, and parks access is in the upper tier; pharmacy access is limited within the immediate area, which may affect convenience for some residents.
Tenure patterns suggest a sizable renter-occupied share (about 49.9%), placing the area in the upper tier of the metro for renter concentration. For investors, this points to a deeper tenant base and potential leasing resiliency, even as neighborhood occupancy (around 90%) sits closer to the metro middle and warrants attentive leasing management.
Demographic indicators aggregated within a 3-mile radius show recent population and household growth, with projections pointing to continued expansion over the next several years. This trajectory supports renter pool expansion and helps underpin occupancy stability for well-managed properties as more households enter the market.
Affordability dynamics are notable. Neighborhood median contract rents are lower relative to many U.S. submarkets, and rent-to-income is near the national mid-range, which can aid retention and steady lease-up. Home values sit on the lower end nationally, which can introduce some competition from ownership; investors should monitor pricing power and emphasize product differentiation and resident experience to sustain renewals.
Schools in the area average modest ratings relative to national peers. While not a primary driver for all renter cohorts, family-oriented demand may be more sensitive to school quality, suggesting a focus on value, convenience, and commuting access to support leasing velocity.
Comparable neighborhood-level safety metrics are not available in the current WDSuite release for this location. Investors typically contextualize risk by reviewing broader city and county trends alongside property-level measures (lighting, access control, and management practices) and by comparing to Greensboro–High Point metro benchmarks over time.
Regional employment anchors within commuting range include apparel, healthcare diagnostics, and financial services headquarters, which broaden the renter pool and can support retention for workforce-oriented units.
- VF — apparel HQ (28.6 miles) — HQ
- Laboratory Corp. of America — healthcare diagnostics (34.1 miles) — HQ
- BB&T Corp. — banking & financial services (36.0 miles) — HQ
- Reynolds American — consumer goods (36.1 miles) — HQ
- Hanesbrands — apparel manufacturing (41.6 miles) — HQ
170 N Church St was built in 1978, newer than the neighborhood’s average vintage, which can offer a relative competitive edge versus older stock while still leaving room for targeted modernization. The surrounding neighborhood ranks 50th of 245 in the Greensboro–High Point metro, reflecting broadly favorable fundamentals. Renter concentration is high and occupancy has held broadly steady, pointing to a viable tenant base that supports leasing stability for well-managed assets. Based on CRE market data from WDSuite, local rent levels are comparatively accessible, reinforcing retention potential while requiring disciplined revenue management.
Within a 3-mile radius, recent growth in population and households and projections for further increases suggest a larger tenant base over time, which can support occupancy and renewal rates. At the same time, comparatively lower home values may create competition from ownership, so emphasizing renovations, convenience, and service quality can help sustain pricing power and differentiate the asset.
- 1978 vintage offers relative competitiveness with selective value-add potential
- High renter concentration supports depth of demand and leasing stability
- 3-mile radius growth and projections point to a larger renter pool over time
- Amenity access is a local strength; limited pharmacy options are a livability consideration
- Risk: relatively accessible ownership options may temper pricing power without differentiation