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High Point, NC Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,463
Monthly Cash Flow
-$134
Principal + Equity
$1,709
Annual Total Gain
$18,893
Cash on Cash
-2.64%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$190
Occupancy Rate
47.83%
Monthly Revenue
$1,881
Monthly Cash Flow
$2
Principal + Equity
$1,709
Annual Total Gain
$20,523
Cash on Cash %
0.03%
Net ROI %
Market Health & Growth
Median Income
$61,228
Population
115,263
LTR Renter %
41.88%
Forecast (1 yr)
1.37%
Appreciation (1 yr)
-0.27%
Appreciation (5 yr)
45.85%
Appreciation (10 yr)
105.65%
Job Growth
0.56%
LTR Rentability
Moderate
STR Demand
46
STR Rentals
410
Top Public Schools
AThe Early College at Guilford
AEarly College of Forsyth
A
A-
A-
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B
Overall
Top-level market grade
Most Diverse Cities in America
#28out of 229 markets
Most Diverse Suburbs in America
#75out of 6805 markets
Cities with the Lowest Cost of Living in America
#48out of 229 markets
B-
Public School
D
Crime And Safety
C
Housing
B
Nightlife
B
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in High Point, NC.
In High Point, NC, Short Term Rentals (STRs) are regulated by the city's zoning ordinances. Investors looking to purchase a property for STR purposes should be aware of the following regulations:
1. Zoning restrictions: High Point has specific zoning regulations that dictate where STRs are allowed to operate. Investors should ensure that the property they are considering purchasing is located in a zone that permits short term rentals.
2. Permit requirements: In order to operate a STR in High Point, property owners must obtain a permit from the city. This permit may come with certain requirements, such as safety inspections or occupancy limits, that investors should be aware of before purchasing a property.
3. Occupancy taxes: High Point imposes a 6% occupancy tax on short term rentals, which must be collected and remitted by property owners. Investors should factor in this tax when considering the financial viability of purchasing a property for STR purposes.
4. Noise and nuisance regulations: High Point has regulations in place to address noise and nuisance issues that may arise from short term rentals. Investors should familiarize themselves with these regulations to ensure compliance and avoid potential fines or penalties.
5. Homeowner's association rules: If the property is located within a homeowner's association (HOA), investors should review the HOA's rules and regulations regarding short term rentals. Some HOAs may have restrictions or prohibitions on STRs, which could impact the investor's ability to operate a rental property.
Overall, investors considering purchasing a property for short term rental purposes in High Point, NC should thoroughly research and understand the local regulations and requirements to ensure compliance and mitigate any potential risks or challenges.
Market Trends Over Time
Explore 25 years of market data for High Point, NC, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to High Point, NC.
The LTR Genie Score of High Point, NC is 71, indicating a moderate level of attractiveness for long-term rental investment. This score is based on factors such as LTR rentability, rent growth rate, and net ROI. On the other hand, the STR Genie Score is 58, suggesting a slightly lower level of attractiveness for short-term rental investment. This score takes into account factors such as occupancy rate, revenue, and net ROI.
In comparison, the LTR Genie Score is higher than the STR Genie Score, indicating that High Point, NC may be more favorable for long-term rental investment rather than short-term rental investment. However, both strategies show positive net ROI, with short-term rentals slightly outperforming long-term rentals in this market.
High Point, NC is known for its strong manufacturing industry and growing job market, making it an attractive location for real estate investors. The city is also home to High Point University, which can attract students and faculty members in need of housing. Additionally, the 1-year price appreciation forecast of 1.37% suggests potential growth in property values.
Overall, High Point, NC appears to be a promising market for both long-term and short-term rental investments. Investors may consider diversifying their portfolio by exploring opportunities in both rental strategies to maximize returns in this growing market.
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