| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 33rd | Poor |
| Demographics | 63rd | Best |
| Amenities | 7th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 501 N Ayersville Rd, Mayodan, NC, 27027, US |
| Region / Metro | Mayodan |
| Year of Construction | 1979 |
| Units | 58 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
501 N Ayersville Rd, Mayodan NC — 58-Unit Multifamily Investment
Neighborhood renter concentration is solid for a rural setting and occupancy has been stable at the neighborhood level, according to WDSuite’s CRE market data, supporting a straightforward workforce housing thesis.
Located in a rural pocket of the Greensboro–High Point metro, the neighborhood carries a B- rating (ranked 137 out of 245 metro neighborhoods). Amenity access is limited locally, but daily needs are served within a short drive. For investors, this positions the asset as practical workforce housing rather than lifestyle-driven product.
Neighborhood-level occupancy is reported at around 90% and has been relatively steady over the last five years. The share of housing units that are renter-occupied is competitive among Greensboro–High Point neighborhoods (ranked 69 of 245) and sits in the top quartile nationally, signaling a durable tenant base and depth of demand for multifamily units in this submarket.
Within a 3-mile radius, demographics indicate smaller household sizes and a gradual shift toward more households despite prior population softness. WDSuite’s data shows households have increased modestly in recent years and are projected to expand further by 2028, implying a larger tenant base and support for occupancy stability. Forecasts also point to income gains over the next cycle, which can underpin rent growth and reduce turnover risk in professionally managed properties.
Median home values in the neighborhood sit at the lower end for the metro, which can introduce competition from ownership options. That said, elevated costs tied to new mortgage rates and the convenience premium of rentals in a car-dependent rural setting often sustain renter reliance on multifamily housing, reinforcing leasing stability when paired with measured rent positioning.
Vintage is a consideration: the property’s 1979 construction is newer than the neighborhood’s average vintage (1963). This generally improves competitive positioning versus older local stock, though investors should plan for targeted modernization and systems updates to capture value-add upside and support long-term retention.
Neighborhood-level crime scoring is not available in the current dataset for this location. Investors typically benchmark safety using broader county and metro indicators and on-the-ground diligence to understand trends at the street and property level. In rural submarkets, stable tenancy and professional management practices often play a meaningful role in day-to-day safety outcomes.
Regional employment is anchored by corporate headquarters within commuting range, which supports renter demand for workforce housing and contributes to retention through steady job access. Notable nearby employers include Hanesbrands, VF, Reynolds American, BB&T Corp., and Laboratory Corp. of America.
- Hanesbrands — apparel HQ (22.3 miles) — HQ
- VF — apparel & footwear HQ (22.9 miles) — HQ
- Reynolds American — consumer products HQ (26.4 miles) — HQ
- BB&T Corp. — financial services HQ (26.7 miles) — HQ
- Laboratory Corp. of America — diagnostics & life sciences HQ (37.8 miles) — HQ
This 58-unit, 1979 vintage asset in Mayodan fits a workforce housing profile with steady neighborhood occupancy and a renter-occupied housing share that is competitive within the Greensboro–High Point metro. According to CRE market data from WDSuite, the surrounding neighborhood skews car-dependent with limited in-neighborhood amenities, which favors well-managed, reasonably priced rentals over lifestyle positioning. The 1979 vintage is newer than the neighborhood norm, offering a competitive edge versus older supply while leaving room for targeted capital programs to enhance rentability.
Within a 3-mile radius, household counts are projected to grow and incomes to strengthen by 2028, expanding the tenant base and supporting rent growth potential. While lower neighborhood home values can create some competition from entry-level ownership, proximity to regional employers and practical commute patterns help sustain rental demand and limit vacancy volatility when rents are kept in line with local earning power.
- Neighborhood renter concentration ranks competitively in the metro, supporting depth of demand for multifamily units.
- 1979 construction is newer than local averages, with value-add potential through selective modernization.
- 3-mile household and income growth outlook supports occupancy stability and measured rent gains.
- Regional HQ employment base within commuting range underpins retention for workforce renters.
- Risk: lower home values can increase competition from ownership; careful rent positioning and amenity-lite operations are key.