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High Point real estate market overview
- Average Monthly Rent: $1,169
- Home Price/Value Percentage Change: 11.00%
- Median Home Value: $218,230
- Best Time To Sell a Home: July
- Affordability Index: Moderate
- Days To Sell a House: 46
- Job Market: Weak
- Public School Ranking: 29
Location and weather
High Point is located within the Piedmont Triad region of central North Carolina, near Winston-Salem and Greensboro. It is the 9th largest city in North Carolina and while small, is a beautiful city full of young professionals, college students and families. Also known as the Furniture Capital of the World, High Point has a tight-knit community that is known for unique foods, breath-taking scenery and parks, vineyards, and historical sites.
High Point has a humid subtropical climate, with highs in the 70s and lows in the 50s. There's around 46 inches of rain per year, and two inches of snow.
Population, job market and cost of living
High Point has a population of 116,966, with a growth rate of 8.9% annually.
The job market has decreased by -7.53% over the last year. In ten years, job growth is predicted to be 32.19%. This diverse city has a large spectrum of job opportunities in industries such as culinary, real estate, education, aerospace and textile. As the Furniture Capital of the World, home furnishings have also contributed to a large portion of the economy here.
High Point is not a very expensive place to live when compared to the North Carolina's and US overall average cost of living.
High Point real estate market details
- Eastchester Drive
- Oakdale
- Deep River
- Emerywood
- Florence
- Sandy Ridge
The average monthly rent in High Point is $1,169 for an average apartment size of 955 sq. feet.
There has been a 11.0% increase in median home value over the last year. As of 2023, the median home value is $218,230.
On average, homes in High Point sell after 46 days on the market.
During the month of July, homes sell for the highest monetary value. Home sales in May are the quickest home sales.
The affordability index in High Point is 81. This number indicates moderate affordability in this city.
The top ranked public schools are Southwest Elementary School, Phoenix Academy, Johnsons Street Elementary, Penn-Griffin Middle, Southwest Guilford High school and Kearns Academy. This information is supported by data measuring academic performance and equity.