High Point is a medium sized city positioned right of Greensboro's hip, and in between Winston-Salem and Greensboro, supporting a population of around 117,000 and employing about 52.1k people.

High Point's annual population growth rate is sitting around 0.84% which is solid, 2.55% growth since the 2020 Consensus has been recorded. Persons over 65 account for ~15.6% of the population. Median age of 37.5, 20.7 min average commute to work, and a bit over 6,000 veterans locally. High Point is the 9th largest city in NC, and 274th largest in the US.

High Point has been working on many projects here lately, and I will list some of them now; Volvo is working on completing a $41 Million investment in it's Global Headquarters- retaining 360 jobs, EcoLabs with a massive $93 Million investment, that will retain 125 jobs and 20 new ones. These are massive projects, and Ecolabs is 1,000,000 sq ft building. Coldwell banker is adding 15 sales positions, and leasing a massive new office space. Cone Health, and a dedicated Senior Medical Center are also on the books. Few Notable expansions to mention are- Metal Works of High Point, BakeMark, Brown Truck Brewery, Future Foam, Glocal Leather, Lowes Cos, and Pennybryn coming in with a $35 Million investment as well. Plenty of money being poured into businesses in the local area, and that is something you love to see, and there are many more projects currently going on Downtown that I haven't mentioned in this post.

High Point is home to NC's top tourist attraction of the year The Qubein Children's Museum, something interesting I didn't know.

High Point's largest employers are Ralph Lauren employing about ~2,600 people and Atrium Health Wake Forest Baptist employing ~2,100.

High Point's premier school is High Point University, which as of 2020 report 5,617 students with a 98.4% full time student rate.

Let's talk crime, then numbers. High Point sits at a 8 out 100 on the crime index (with 100 being the safest) [Down 1 point, since last post]. The most recent report published online is from 2020 which shows Violent Crime down 10%, Property Crime down 9% and overall "Impact" Crimes are down 9%. HP defines "Impact Crimes" as crimes that negatively affect the community and draw department resources. These are good numbers to be to taking a look at, I am interested to see more recent numbers, but that's what I could find without a public records request. I'd like to see High Point continuing to decrease in crime.

The median home value is around $167,900, median sale price is a moving target around $235,000. Average DOM around 53 with average homes getting 3% under list and pending in 35 days, and hot homes are getting an average of at list and pending in 18 days. Some homes are getting multiple offers, not as much traction as other places, but I'd consider it "somewhat" Competitive for the deals that are going, but the curiosity in High Point is slowly increases as more investors become aware of the investment potential of High Point.

About a 58% owner occupied ratio. SFH 71% MFH 27%. Poverty rate is around 15.3%, there is a real potential for affordable housing in this market.

High Point has a cost of living ranked as 30/50th most expensive in NC, which means as far as NC is concerned it's around the cheaper side of cost of living.

High Point's most recent figure for GDP is at $37.4.Billion, in 2018 they were at $37.1 Billion.

I of course have to mention appreciation in High Point, looks like the average annual appreciation rate is sitting around 2.65% since 2000.

To conclude there is a fair amount of renters in High Point, and it's slowly becoming a hotbed for investors, lot's of people who are looking into flips and buy & holds are getting some solid opportunity in town. If you like the Winston-Greensboro area, check out High Point. If you read the previous post on this thread, I mention a bit in depth of how the city feels from area to area, as they differ a lot. Plenty of opportunity, and agreeable prices in a growing market that has investments pouring in, sounds like something to keep an eye on.

Talk at you again in 3 months High Point!

As always looking for questions, comments, concerns, and any feedback. It's impossible to know everything about a market, so any value add information is expressly desired, and I appreciate it! I'm looking to connect with more people on here, so please reach out! Don't be stingy with an upvote or commenting, it's how I know this content is bringing value to readers.

Cheers!

For more reading and sources:

https://www.redfin.com/city/35...

https://www.realtor.com/reales...

https://www.census.gov/quickfa...

https://censusreporter.org/pro...

https://worldpopulationreview....

https://issuu.com/cityofhighpo...

https://datausa.io/profile/geo...

https://datausa.io/profile/uni...

https://livingcost.org/cost/un...

https://www.neighborhoodscout....