High Point Real Estate Market Overview
Average Monthly Rent:
$853
Percentage Change in Home Price/Value:
6.40%
Median Home Value:
$160,419
Best Time To Sell Home:
July
Affordability Index:
High
Days To Sell House:
65.38
Job Market:
Weak
Public School Ranking:
31
Location and Weather
High Point is in Guilford county, north-central North Carolina. It lies about 20 miles southeast of Winston-Salem and 15 miles southwest of Greensboro, forming a tri-city metropolitan area known as the Piedmont Triad. Since the late 1800s, it has been a leading center for furniture manufacturing. The biannual International Home Furnishings Market attracts thousands of national and foreign buyers. Other manufactures include paint, chemicals, school buses, electronics, and machinery.
In High Point, the summers are long, warm and humid, while the winters are snowy and windy. The summer temperatures are in the high 80’s, with lows in the 60’s and 70’s. The winter high temperatures are in the mid-40’s, with low temperatures in the -30’s.
Population, Job Market and Cost of Living
Highpoint’s population in 2019 was 109,849, with a growth rate of 8.9%. The job growth has increased by 1.40% over the last year and in ten years, is predicted to have increased by 32.19%. The major industries are in manufacturing, healthcare, social assistance and retail trade. The largest companies to work for are Universal Furniture International, Vrush Industries, Heritage Home Group, Pulaski Furniture, and Advance Home Care. The cost of living is low, due to the Highpoint real estate market and affordability plus availability of housing.
With its furniture manufacturing heritage and constant source of jobs, long summers and an arts and entertainment culture, Highpoint will continue to attract those that want to work and live in this manufacturing city.
