HIGH POINT HIGHLIGHTS A SNAPSHOT OF THE CITY | SEPTEMBER 2024 $
ANNUAL CITY BUDGET FY | 23-24 $478,537,587
PROPERTY VALUES TAX VALUATION (2022) $13.5B
GRANT $ RECEIVED FY | 23-24 $33.5 M TRANSPORTATION Streets Total – 638 miles City Maintained – 452 miles State Maintained – 140 miles Private Streets – 46 miles Sidewalks – 196 miles Bike lanes – 8 miles
FULL-TIME CITY EMPLOYEES 1,520
JOBS Labor Force (Feb. 2024): 53,680 Employed in High Point: 64,717 Jobs Added in 2023: 670 Unemployment Rate (2023): 4.1%
UTILITIES Water Lines – 631 miles Sewer Lines – 698 miles Electric Lines – 788 miles (402 miles overhead & 386 miles underground)
INCOME Avg. Annual Wage (2024): $57,045 Median Household Income (2022): $63,930
HOUSING Median Home Value (2022): $212,100 Median Rent (2022): $1,116 PARKS & REC
12.8 acres of parks per 1,000 residents 21.6 miles of trails & greenways
COMMUTING (2022) Live and work in HP 10,845 Average Commute Time 22.5 Min. Commute In 44,761 Commute Out 32,270
DEVELOPMENT ACTIVITY
After a 14-year high in 2021, the number of annexations has dropped over the past two years, with 2023 having the second-lowest amount of land annexed since 2015
Last year’s total acreage rezoned was less than 2022’s 18-year high. This is mostly due to a drop in non-residential acreage after a few large projects in 2022, including one that accounted for nearly half of that year’s total acreage. Nonetheless, residential acreage rezoned in 2023 kept pace with a more typical year while institutional and mixed-use acreages went up.
*Note: Acreage does not include comprehensive rezoning projects, overlay districts and minor changes.
LAND DEVELOPMENT Of the 30 major projects approved in 2023, there was a relatively even distribution within each use category. USE CATEGORY
# OF PROJECTS
Residential Single-Family Detached Townhome Apartments Commercial Industrial Institutional
3 3 3 6 6 9
Over 700 new residential lots/units were approved in 2023, including two planned apartment complexes of 200+ units each. This slightly dropped after the previous two years had the most approvals since the Great Recession.
Although no new office space was approved in 2023 and little institutional square footage was added, the amount of nonresidential development returned to a more typical level after a spike in 2022, when High Point reached a 15-year high due to several large industrial projects.
BUILDING PERMITS Major residential building permits have steadily increased over the past five years, while commercial permits have remained consistent. Despite the increase in permits issued in 2023, their total value was lower than in 2022 but still higher than in 2019-2021.
COMMUNITY IMPACT ACCOLADES
THE FOLLOWING IS A LIST OF A FEW CITY PROJECTS THAT HAD A BROAD IMPACT IN 2023
All-America City – The All-America City Award recognizes communities that successfully address local issues through civic engagement, collaboration, inclusiveness and innovation.
The High Point on the RISE: Reimaging Infrastructure for Sustainability and Equity (RISE) project will construct 3.5 miles of shared-use path/greenway and 1.2 miles of “complete streets” improvements. Nearing completion of the first design phase, the project will link neighborhoods to the city’s transit hub, High Point Regional Hospital, and Truist Point Stadium. The project is anticipated to open to traffic in late 2028.
Improvements to Truist Point Stadium - the City invested $6 million to improve the stadium to welcome Carolina Core FC, a new MLS Next Pro Soccer team.
Keep High Point Beautiful – Keep America Beautiful President’s Circle Award Branding - Our new brand has won awards at the global, national and state levels for its creativity, engagement and use of design.
High Point received a $2 million federal grant to establish a
Inside High Point - Won the North Carolina City and County Communicators 2023 Excellence in Communications Award
commercial shared-use kitchen to support local food entrepreneurs. With an area selected and architectural planning underway, the City committed an additional $2 million to the project.
City of High Point - Gold Level Cigna Healthy Workforce Designation
HighPointNC.gov/SharedUseKitchen
High Point received a $4 million federal grant to establish a small-scale manufacturing headquarters at 300 Oak St. The facility will provide equitable economic opportunities for residents through entrepreneurship and workforce training. To support the project, the City purchased adjacent properties and has committed an additional $3 million.
2045 Comprehensive Plan - With support from the community, the City created the High Point 2045 Comprehensive Plan, its first-ever comprehensive plan that will serve as a guide to the current and future physical, social and economic development of the city over the next 20 years. Scan to view document online.
HighPoint2045.org
Unveiled in July 2023, the City’s new brand is not simply a logo. Our brand is about creating an environment where everyone is encouraged to think big, take risks, and express their creativity. HighPointNC.gov/Brand
SOURCES City of High Point Planning & Development Dept., Population Estimate, April 10, 2024 U.S. Census, The Longitudinal Employer-Household Dynamics (LEHD) program, Accessed April 2024. Data reflects one primary job per person. https://onthemap.ces.census.gov/ JobsEQ (Derived from the federal-state Quarterly Census of Employment & Wages data set). NC Department of Commerce Labor & Economic Analysis Division (Derived from the federal-state Local Area Unemployment Statistics program). https://d4.nccommerce.com/LausSelection.aspx U.S. Census, American Community Survey, 1-year data. Latest available (2022). https://data.census.gov/
LINKS CITY PROFILE HighPointNC.gov/CityProfile ECONOMIC DEVELOPMENT NEWS & REPORTS HighPointNC.gov/EDCNews DEVELOPMENT ACTIVITY DASHBOARDS HighPointNC.gov/DevelopmentActivity INSPECTIONS SERVICES MONTHLY PERMIT ACTIVITY REPORTS BuildHighpoint.com/PermitActivity HIGH POINT 2045 COMPREHENSIVE PLAN www.HighPoint2045.org