| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Good |
| Demographics | 18th | Poor |
| Amenities | 43rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 450 Mountain Top Dr, Asheboro, NC, 27203, US |
| Region / Metro | Asheboro |
| Year of Construction | 2003 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
450 Mountain Top Dr Asheboro 60-Unit 2003 Asset
Neighborhood data indicates a majority share of renter-occupied housing, supporting a deeper tenant base and steadier leasing, according to WDSuite s CRE market data. Occupancy trends at the neighborhood level have improved over the past five years, suggesting stable demand rather than property-specific performance.
Situated in Asheboro within the Greensboro High Point metro, the property benefits from an Inner Suburb setting where renter-occupied housing units account for a majority share in the neighborhood. This renter concentration points to a durable pool of prospects for a 60-unit community, supporting occupancy stability and day-to-day leasing velocity at the neighborhood level.
On neighborhood quality metrics, amenities score competitively relative to the region: the area ranks 47th out of 245 metro neighborhoods, placing it in the top quartile among Greensboro High Point peers while national amenity availability sits near the middle of the pack. Grocery and pharmacy access trend above national medians, while restaurants are solidly mid-pack and cafes and parks are limited, which suggests residents rely on broader trade areas for certain lifestyle options.
The neighborhood s average construction year is 1978, while the subject was built in 2003. This newer vintage provides relative competitiveness versus older local stock and may reduce near-term capital exposure; however, investors should underwrite for modernization and system updates typical of early-2000s assets to maintain positioning.
Demographic statistics aggregated within a 3-mile radius show recent population growth with additional increases forecast for both population and households through 2028. Rising household counts and a projected shift toward a roughly even renter/owner split indicate a larger tenant base over time, which can support occupancy stability and renewal rates for well-managed multifamily properties.
Home value metrics in the neighborhood indicate a higher value-to-income ratio relative to many U.S. neighborhoods, while rent-to-income levels sit near national mid-range. For investors, this combination typically sustains reliance on rental housing and can support retention, provided rent growth is balanced against local incomes and lease management focuses on minimizing affordability pressure.
Safety indicators present a mixed picture that investors should monitor over time. Within the Greensboro High Point metro, the neighborhood s crime rank is toward the higher-crime side (ranked 14th out of 245), signaling the need for prudent security and operating practices. Nationally, however, the neighborhood compares favorably overall, landing above average for safety compared with neighborhoods nationwide.
Trend data show notable divergence by category: estimated property offenses have declined sharply year over year (a positive directional signal), while estimated violent offenses increased over the same period. These are neighborhood-level dynamics, not property-specific; owners and lenders may wish to track quarterly updates and align on-site protocols, lighting, and partnership with local resources to support resident experience and retention.
Regional employment anchors within commuting range include apparel, diagnostics, banking, and consumer products headquarters, supporting workforce housing demand and commute convenience for renters in this submarket.
- VF apparel HQ (28.5 miles) HQ
- Laboratory Corp. of America diagnostics (32.9 miles) HQ
- BB&T Corp. banking (37.1 miles) HQ
- Reynolds American consumer products (37.2 miles) HQ
- Hanesbrands apparel (42.6 miles) HQ
Built in 2003 and totaling 60 units, the property stands newer than the neighborhood s average housing vintage. That positioning can reduce near-term capital exposure versus older stock while offering value-add levers through targeted interior updates and common-area improvements to maintain competitiveness. Neighborhood renter concentration and improving occupancy trends point to a deeper tenant base and ongoing leasing stability, while a higher value-to-income landscape suggests sustained reliance on rental housing balanced by mid-range rent-to-income levels. According to CRE market data from WDSuite, local amenities are competitive within the metro and national positioning is mixed but serviceable, which supports day-to-day livability for residents.
Demographic statistics within a 3-mile radius show recent population gains with meaningful expansions projected in both population and household counts, indicating a larger renter pool ahead. Pairing that demand outlook with disciplined expense control and thoughtful renovations can position the asset to capture steady occupancy and renewal performance while managing affordability and retention risk.
- 2003 vintage offers relative competitiveness versus older neighborhood stock, with selective modernization upside
- Majority renter-occupied neighborhood supports depth of tenant demand and leasing stability
- 3-mile population and household growth expands the renter pool, aiding occupancy and renewal prospects
- Amenity access is competitive in the metro, supporting resident livability without premium costs
- Risks: mixed safety trends and limited parks/caf e9 density warrant prudent on-site operations and marketing