Sell Your Commercial Property In High Point, NC

Who rents in High Point

The 2020–2024 American Community Survey counts 116,245 residents in High Point and 19,338 renter households out of 45,872 occupied homes, a 42.2% renter share. That is close to Guilford County's 40.1% and above the state's 33.4%. Median household income is $64,561, against $68,642 for the county and $72,388 statewide.

The city's best-known employer is the furniture trade. The High Point Market Authority lists more than 11.5 million square feet of showroom space in 180 buildings, with about 75,000 attendees and 2,000 exhibitors at each market, held every spring and fall. High Point University adds students and staff, and distribution and manufacturing jobs across the Piedmont Triad round out the tenant base. The newest of those is Toyota's battery plant in Liberty, Randolph County, which began production in November 2025 and which Toyota says will employ up to 5,100 people.

Rents and affordability

High Point's median gross rent is $1,116 a month, including utilities, $47 below Guilford County, $56 below Greensboro and $112 below the state median. Affordability is slightly better than the statewide picture: 43.1% of renter households, against 44.7% across North Carolina, pay 30% or more of income on rent and utilities, and 19.1% pay half or more. In raw numbers, 3,689 households pay half or more and another 4,645 pay between 30% and 49.9%.

High Point shares HUD's Greensboro-High Point FY2026 Fair Market Rents with Greensboro:

Because the FMRs are set for the larger area, they sit well above High Point's median rent: the one-bedroom figure is $97 higher and the two-bedroom $214 higher. Voucher payment standards based on these numbers can exceed what many older High Point units earn on the open market.

The apartment stock

Per the ACS, 10,568 of High Point's 49,131 housing units, or 21.5%, are in buildings with five or more units, close to Guilford County's 22.7% and above the state's 14.2%. The stock leans toward mid-size buildings: 3,448 units are in 5–9 unit buildings, 4,000 in 10–19, 1,778 in 20–49 and 1,342 in buildings of 50 or more. Buildings of 5 to 19 units hold 70.5% of apartment units, while 50+ unit buildings hold only 12.7%.

The median structure was built in 1989. Detached houses make up 63.4% of all units, attached single-family homes 3,822 and two- to four-unit buildings 2,974, or 6.1%. Emerywood is an older in-town neighborhood, while Jamestown, Archdale and Thomasville are separate municipalities with their own town governments and tax rates.

Property taxes and the reappraisal freeze

North Carolina assesses property at full value under G.S. 105-284. Guilford County's 2026 reappraisal was put on hold by Senate Bill 889. According to Guilford County, FY2026-27 bills use 2025 values, the 2026 values apply to the 2027 tax bill, and the next reappraisal is scheduled for 2032. The N.C. Department of Revenue lists the county rate at 78.95 cents per $100.

The City of High Point's adopted budget explains the effect on the city. The proposed budget assumed $19.5 billion of taxable value after reappraisal and a rate of 56 cents; after the moratorium, the base fell to $14.5 billion, leaving a $12.55 million gap. On June 24, 2026, council adopted 73.49 cents, up 8.74 cents from 64.75. Combined with the county, the rate for the Guilford part of the city is $1.5244 per $100, about $30,488 a year on a building assessed at $2 million. The budget puts the revenue-neutral rate under the 2026 values at 48.69 cents, which gives a sense of how far the city rate could fall once those values are used.

High Point also reaches into Davidson, Randolph and Forsyth counties. The state lists FY2026-27 county rates of 54 cents for Davidson and 50 cents for Randolph, both with reappraisals scheduled for 2027. The state deed excise tax under G.S. 105-228.30 is $4,000 on a $2 million sale.

Landlord rules

G.S. 42-14.1 prohibits local rent control and local voucher-acceptance mandates. G.S. 42-51 caps deposits at 1.5 months' rent for month-to-month tenancies and two months' rent for longer terms. G.S. 42-52 requires an itemized deposit accounting within 30 days after a tenancy ends, and G.S. 42-3 allows lease forfeiture when rent is unpaid 10 days after demand. G.S. 160D-1207 bars blanket rental registration, allowing it only for properties with repeated verified violations or high crime and disorder activity, with fees capped at $500 a year.

What this means if you own a building here

Buyers will underwrite High Point on in-place rents and, above all, on taxes. Have your 2025 and 2026 assessed values ready and expect buyers to model a rate reset when the 2026 values take effect. Skyline Capital Investments buys 5+ unit buildings in High Point, Emerywood, Jamestown, Archdale and Thomasville. Estimate value with our apartment building value calculator, or see how we make offers on the sell your apartment building page.