A Point in Time

A POINT IN TIME A SNAPSHOT OF THE CITY | JANUARY 2025 $

ANNUAL CITY BUDGET FY | 24-25 $518,726,303

PROPERTY VALUES TAX VALUATION (2024) $13.5B

GRANT $ RECEIVED FY | 24-25 $15,153,441 FULL-TIME CITY EMPLOYEES 1,354 TRANSPORTATION Streets Total – 641 miles City Maintained – 456 miles State Maintained – 137 miles Private Streets – 46 miles Sidewalks – 242 miles Bike lanes – 8 miles

JOBS Labor Force: 53,485 Employed in High Point: 64,051 Jobs Added in 2024: 671 Unemployment Rate: 4.1%

UTILITIES Water Lines – 631 miles Sewer Lines – 698 miles Stormwater Lines - 515 miles Electric Lines – 789 miles (401 miles overhead & 388 miles underground)

INCOME Avg. Annual Wage (2024): $57,045 Median Household Income (2023): $57,436

HOUSING Median Home Value (2023): $252,700 Median Rent (2023): $1,088

PARKS & REC 1,484 total acres 12.5 acres of parks per 1,000 residents 18.3 total 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, annexations in High Point continued to decrease. Last year the city saw the lowest amount of land annexed since 2015.

Last year’s total acreage rezoned fell significantly compared to 2023 and was far less than 2022’s 18-year high. This was the result of a drop in both residential and nonresidential acreage by about 44% and 75% respectively.

*Note: Acreage does not include comprehensive rezoning projects, overlay districts and minor changes.

LAND DEVELOPMENT Of the 34 major projects approved in 2024, half were for proposed commercial uses.

USE CATEGORY

# OF PROJECTS

Residential Single-Family Detached Townhome Apartments Commercial Industrial Institutional

1 5 0 17 4 7

Just 63 new residential lots/units were approved last year, a stark contrast from the over 700 approved in 2023. This may be a lull following the higher than usual number in recent years, which included several large apartment complexes.

No new mixed-use or office space was approved in 2024, but the total nonresidential development rose slightly.

The spike in 2022 was a 15-year high due to several large industrial projects.

BUILDING PERMITS Last year saw a decline in both total permits issued and their overall value, largely due to a steep drop in residential permits. While more commercial permits were issued than in previous years, the total value of those projects was lower.

COMMUNITY IMPACT THE FOLLOWING IS A LIST OF A FEW CITY PROJECTS THAT HAD A BROAD IMPACT IN 2024

ACCOLADES

The High Point on the RISE: Reimagining Infrastructure for Sustainability and Equity project will construct 4.7 miles of shared-use path and greenway, bridging a gap in the City’s greenway network through the urban core of the city. Currently, in the final phases of design, the project will connect nearby neighborhoods to the city’s mass transit hub, the Downtown Catalyst district and public resources such as parks, the High Point Regional Hospital and the High Point Library. As part of this initiative, the City will replace much of the aging water and sewer infrastructure in the project area. This project is expected to open to traffic in late 2028.

All-America City – The AllAmerica City Award recognizes communities that successfully address local issues through civic engagement, collaboration, inclusiveness and innovation.

2024 NC3C Excellence in Communications Award The City of High Point’s new brand was awarded second place in the state-wide NC3C Excellence in Communications Awards.

High Point received a $2 million federal grant to establish a commercial shared-use kitchen to support local food entrepreneurs. Site selection, initial cost estimates and architectural planning are underway. The City has committed an additional $2.7 million to the project.

HighPointNC.gov/SharedUseKitchen

Small-Scale Manufacturing - The City has secured the services of an architect to begin design work on the 300 Oak facility to create a small-scale manufacturing and workforce development center.

Currently, the existing structural, access, electrical, mechanical and plumbing systems of the 60,000-square-foot facility are being evaluated to determine what improvements will be necessary to ensure these systems will meet current building code requirements and the costs and work required to do so.

In May 2024, with support from the community, the City adopted 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. Since adoption, an implementation task force has been established, and a consultant has been selected for a Development Ordinance update. In cooperation with the Southwest Renewal Foundation, a new Southwest Mill District has been proposed in one of the identified activity centers, and an initiative led by Business High Point Chamber of Commerce to restore the historic Washington Street business district is set to begin in Spring 2025. For more information, visit HighPoint2045.org.

Housing Market Study – The City has commissioned RKG Associates, Inc. to complete a housing study that will include an assessment of existing housing conditions, demographics and market demands (present and future) and to identify existing and future housing needs in the city, critical housing gaps and issues and possible financing opportunities to address the needs. After analysis of data and obtaining feedback from City staff, elected officials and the public, the expectation is that housing recommendations will concur with the 2045 Comprehensive Plan. The study is anticipated to be complete by the end of March 2025.

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 (2023). https://data.census.gov/

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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