Rent, population, and median household income are important factors to consider for a 1031 exchange in High Point due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
High Point, North Carolina is a part of the High Point/Thomasville/Lexington Submarket submarket area, and contains 7 zip codes, including: 27262, 27260, 27263, 27265, 27261, and 27264.
High Point Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the High Point, NC submarket area was $737, which is 17.36% lower than 2014 average rent. This represents a compounded annual growth rate of 3.25%. 2019 vacancy in High Point, NC was 3.30%.
The total population of the city of High Point, NC has grown 7.61% since 2010. As of 2018, the population was 112,316. The median household income of the High Point was $45,373, which is 24.75% lower than the national average.
- submarket area High Point / Thomasville / Lexington Submarket
- avg rent $737
- rent growth 17.36%
- vacancy 3.30%
- median income $45,373
- population (2018) 112,316
- population growth 7.61%
- vs. nat'l avg 24.75%
- zip codes 27260 27261 27262 27263 27264 27265 27268