Invest In Apartment Buildings In High Point, NC

Where High Point's Renters Come From

High Point, NC has 19,338 renter households, and they make up 42.2% of all households, well above North Carolina's 33.4% renter share (U.S. Census ACS 2020–2024). Median gross rent is $1,116 a month, below the state figure of $1,228, and median household income is $64,561. Renter households grew 3.4% over five years as the city's population rose 4.1% to 116,245.

The job base is broader than the furniture reputation suggests. In the city's 2025 annual financial report, Ralph Lauren was the largest employer with 3,008 workers, followed by Atrium Health Wake Forest Baptist and Aetna at 2,200 each, High Point University at 2,195, Guilford County Schools at 1,929 and Thomas Built Buses at 1,917. Volvo Group North America, the shipping line ZIM and Slane Hosiery Mills also make the top ten. Then there's the High Point Market. Held every April and October, it's described as the world's largest home furnishings trade show, spread across about 180 buildings and drawing 70,000 to 80,000 attendees. A 2018 Duke University study put its economic impact on the area at $6.7 billion.

High Point University, with about 4,400 students, is one of the city's biggest employers, and its campus pulls student and staff demand into the surrounding neighborhoods. For apartment owners, the mix of distribution, healthcare, manufacturing and education gives High Point a working-class renter base with several unrelated sources of jobs. 45.7% of renters spend 30% or more of income on housing, and unemployment is 5.2%.

Supply, Rents And The Triad Cycle In High Point

Rents in High Point rose more slowly than incomes over the last five years. Median gross rent went from $879 in the 2015–2019 Census survey to $1,116 in 2020–2024, up 27.0%, while median household income grew 36.7%. That leaves more room on affordability than in markets where rent outran pay. The Census counts 10,568 homes in buildings with five or more units, 21.5% of the housing stock, and that count slipped 0.6% in five years, which means the city added almost no net apartment supply. The rental vacancy rate is 6.2%.

The wider Greensboro–High Point market took most of its new supply in 2023. A Radius+ report in April 2026 put annual supply growth at 4.7% in 2023, 3% in 2024 and 2.6% in 2025, and said rents were beginning to recover as inventory was absorbed. RentCafe reported in early 2025 that Triad renter competition rose faster than almost anywhere in the country in 2024, while new construction grew at half the 2023 pace.

Inside High Point, the next projects are concentrated in two places. Downtown, the Congdon Family Foundation was set in 2025 to take ownership of a roughly four-acre parking lot on West English Road and Lindsay Street, across from Congdon Yards and Truist Point Stadium, for a planned 250-unit mixed-use building with ground-floor retail. In north High Point, Evolve Cos. bought land on N.C. 68 across from the Palladium shopping center that's zoned for up to 264 apartments. The HUD 2BR Fair Market Rent for the Greensboro–High Point area is $1,271 (FY2027), above the city's median rent. For apartment syndications in High Point, the case rests on older stock that hasn't faced much new competition, as long as owners keep up with a median build year of 1989.

High Point Neighborhoods We Watch

High Point's rental stock splits between the older core around downtown and the university and newer suburban growth to the north toward Greensboro.

How High Point Ranks For Apartment Investors

Among the 44 North Carolina cities we track, High Point ranks 30th for median gross rent, 23rd for renter share and 38th for five-year rent growth. Its rents fall in the middle of the pack. Put in counts rather than percentages, that is roughly 4,531 more residents, 636 more renter households and 64 fewer homes in buildings with 5 or more units than five years earlier.

High Point And Nearby Markets Side By Side

High Point's median gross rent of $1,116 is below the North Carolina median of $1,228, and its renter share is 42.2% compared with 33.4% statewide.

Rent Versus Income In High Point

The median rent in High Point works out to $13,392 a year, about 20.7% of the median household income of $64,561. Under the common 30% guideline, a household needs about $44,600 a year to cover that rent comfortably. That's close to the North Carolina figure of 20.4%. Renters usually earn less than the all-household median, so the real burden for tenants is higher than this simple ratio shows.

Since the 2015–2019 survey, the median rent rose $237 a month ($2,844 a year), while median household income rose $17,333 a year. Income has outpaced rent, which means tenants have a bit more room in their budgets than they did five years ago. HUD's FY2027 Fair Market Rent for a two-bedroom unit, $1,271, is 13.9% above the median gross rent for all unit sizes. That gap matters for buildings that accept Housing Choice Vouchers, since local housing authorities base voucher payment standards on it.

High Point Apartment Market Key Facts

If you only read one part of this page, read this list. Every figure is from the Census Bureau's ACS 5-year estimates.

• High Point, NC has 116,245 residents, up 4.1% from the 2015–2019 survey (U.S. Census ACS 2020–2024).
• Median household income in High Point, NC is $64,561, up 36.7% over five years (U.S. Census ACS 2020–2024).
• Median gross rent in High Point, NC is $1,116 a month, up 27% over five years (U.S. Census ACS 2020–2024).
• 42.2% of households in High Point, NC rent, about 19,338 renter households (U.S. Census ACS 2020–2024).
• 21.5% of homes in High Point, NC are in buildings with 5 or more units (U.S. Census ACS 2020–2024).
• The rental vacancy rate in High Point, NC is 6.2%, and 45.7% of renters spend 30% or more of income on rent (U.S. Census ACS 2020–2024).
• The median home in High Point, NC was built in 1989 (U.S. Census ACS 2020–2024).

What We Look For In A High Point Apartment Building

Skyline buys 5+ unit apartment buildings in High Point that either run well today or can run better with new management or renovation. We start with rents, occupancy and the condition of the building, and we price on what the property earns now.

Property taxes are a big line item for any North Carolina apartment building. We underwrite the tax bill after purchase, not the seller's current bill, since a sale often resets the assessment. North Carolina has no statewide rent control law, though local rules on notices, fees and deposits still apply. Insurance quotes in North Carolina reflect hurricane and flood exposure, so we get a quote before we make an offer.

Given how fast rents rose here, we assume much slower rent growth going forward and make sure the deal still works if rents stay flat for a while.

Questions To Ask About An Apartment Syndication In High Point

Whoever the sponsor is, these are the questions we would want answered about any apartment syndication in High Point, based on the local numbers above.

• What vacancy does the plan assume? Rental vacancy in High Point is 6.2%. A plan that assumes much lower vacancy than the market should explain why.
• What rent growth is underwritten? Rents here rose 27% over five years. Ask whether the plan assumes that pace continues, and what happens to the deal if rents stay flat.
• How was the property tax bill estimated? A sale often triggers a reassessment, so the bill after purchase can be well above what the seller pays today.
• How big is the repair reserve? The median home in High Point was built in 1989, and even newer buildings need money set aside for roofs, HVAC and appliances.
• How and when does capital come back? Ask what the plan is for a refinance or sale, and what happens if that takes longer than expected.

How Passive Investing In A High Point Apartment Syndication Works

In an apartment syndication, Skyline acts as the general partner. We find the High Point property, negotiate the purchase, arrange the loan and oversee management and any renovation. Limited partners put in capital and own a share of the entity that owns the building. They don't sign on the loan or deal with tenants and repairs.

It's a long-term commitment. The property has to be refinanced or sold before most capital comes back, and the outcome isn't certain. Eligibility rules vary by offering, and most are limited to accredited investors. See investing with Skyline Capital for how we work with limited partners.

Getting Started

The first step is the investor network. It's free, and it's how we share market notes and get to know investors. If we buy in High Point or elsewhere and you're eligible, we'll reach out privately with the details.