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
UTILITIES
Water Lines – 631 miles
Sewer Lines – 698 miles
Electric Lines – 788 miles (402 miles overhead & 386 miles underground)
JOBS
PARKS & REC
12.8 acres of parks per 1,000 residents
21.6 miles of trails & greenways
Labor Force (Feb. 2024): 53,680
Employed in High Point: 64,717
Jobs Added in 2023: 670
Commute In 44,761 Commute Out 32,270 $
Unemployment Rate (2023): 4.1%
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
COMMUTING (2022)
Live and work in HP 10,845
Average Commute Time 22.5 Min.
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
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.
BUILDING PERMITS
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.
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
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The High Point on the RISE: Reimaging Infrastructure for The High Point on the RISE: Reimaging Infrastructure for Sustainability and Equity (RISE) project will construct 3.5 Sustainability and Equity (RISE) project will construct 3.5 miles of shared-use path/greenway and 1.2 miles of miles of shared-use path/greenway and 1.2 miles of “complete streets” improvements Nearing completion of “complete streets” improvements. Nearing completion of the first design phase, the project will link neighborhoods the first design phase, the project will link neighborhoods to the city’s transit hub, High Point Regional Hospital, and to the city’s transit hub, High Point Regional Hospital, and Truist Point Stadium. The project is anticipated to open to Truist Point Stadium. The project is anticipated to open to traffic in late 2028. traffic in late 2028.
High Point received a $2 million federal grant to establish a 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.
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.
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
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.
HighPoint2045.org
CITY PROFILE
All-America City – The All-America City Award recognizes communities that successfully address local issues through civic engagement, collaboration, inclusiveness and innovation.
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.
Inside High Point - Won the North Carolina City and County Communicators 2023 Excellence in Communications Award
City of High Point - Gold Level Cigna Healthy Workforce Designation ACCOLADES
HighPointNC gov/CityProfile ECONOMIC DEVELOPMENT NEWS & REPORTS
HighPointNC.gov/EDCNews
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