| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Best |
| Demographics | 61st | Good |
| Amenities | 28th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1711 Hampton Forest Dr, Concord, NC, 28027, US |
| Region / Metro | Concord |
| Year of Construction | 1999 |
| Units | 24 |
| Transaction Date | 2020-09-24 |
| Transaction Price | $7,030,000 |
| Buyer | TRINITY STATION OWNER LLC |
| Seller | THRESHOLD CAROLINAS 15 HF LLC |
1711 Hampton Forest Dr, Concord NC Multifamily
Positioned in a suburban pocket of Concord where elevated home values sustain renter demand, this 24‑unit asset benefits from a growing tenant base and stable incomes, according to WDSuite’s CRE market data. Neighborhood renter concentration is solid while ownership costs remain high relative to incomes, supporting lease retention and steady absorption.
Located in a Suburban setting within the Charlotte–Concord–Gastonia metro, the property sits in a neighborhood rated B+ (ranked 205 out of 709 metro neighborhoods), indicating competitive livability and investment fundamentals relative to the broader region. Restaurants and groceries are reasonably accessible at around the metro median, though cafes and parks are limited, which may modestly affect walkable amenity appeal.
Schools are a relative strength: the average school rating sits in the top quartile nationally (ranked 84 of 709 in the metro), a factor that can support household stability and longer tenures. Median household incomes track above national averages, and neighborhood rent levels trend above national medians, aligning with demand from working professionals.
Ownership costs in the neighborhood are elevated compared with incomes (high national percentile for home values and value‑to‑income), which tends to reinforce reliance on rental housing and supports pricing power when managed carefully. At the same time, the neighborhood’s unit occupancy rate is below national norms, so leasing strategy and asset positioning matter for maintaining stabilization.
Within a 3‑mile radius, demographic data indicates recent population and household growth with further expansion projected, implying a larger tenant base over the medium term. The share of renter‑occupied housing units locally is meaningful and projected to increase, which broadens the pool of prospective residents and supports demand depth for multifamily. The property’s 1999 vintage is slightly older than the neighborhood average construction year; investors should underwrite ongoing capital needs and potential light renovations to sharpen competitiveness against newer stock.
Neighborhood safety trends are mixed when viewed against regional and national benchmarks. The area’s crime rank is 332 out of 709 metro neighborhoods, indicating performance around the metro middle and below the national median for safety (national percentile in the low 40s). This suggests investors should incorporate prudent security and resident‑experience measures into operations.
Recent year‑over‑year estimates show increases in both property and violent offense rates at the neighborhood level. While these are neighborhood aggregates rather than property‑specific, they underscore the importance of proactive management, lighting and access controls, and partnerships with local community programs to support resident retention and protect asset performance over time.
Proximity to major employers supports daily commute convenience and broadens the renter pipeline. Nearby employment drivers include Sysco, Merck, Lowe’s, Bank of America, and Duke Energy.
- Sysco — foodservice distribution (1.1 miles)
- Merck — pharmaceuticals (9.7 miles)
- Lowe's — home improvement retail (13.3 miles) — HQ
- Bank of America Corp. — banking & financial services (18.0 miles) — HQ
- Duke Energy — utilities (18.4 miles) — HQ
1711 Hampton Forest Dr offers exposure to a B+ suburban neighborhood where elevated home values relative to incomes sustain renter reliance on multifamily. Neighborhood rents out‑perform national medians, and within a 3‑mile radius, population and households have grown with additional expansion projected, supporting a larger tenant base and occupancy stability. According to CRE market data from WDSuite, renter concentration at the neighborhood level is meaningful, reinforcing demand depth even as overall neighborhood occupancy trends warrant attentive leasing and asset positioning.
The 1999 vintage is slightly older than the neighborhood average construction year, suggesting manageable capital planning and an opportunity for selective value‑add or modernization to stay competitive with newer assets. With rent‑to‑income levels measured below national pressure points and a high‑cost ownership environment, there is room to price effectively while monitoring retention risk.
- Suburban B+ location with strong schools and incomes supporting tenant stability
- Growing 3‑mile population and households expand the renter pool and support occupancy
- Elevated ownership costs reinforce reliance on rentals, aiding pricing power
- 1999 vintage offers light value‑add/modernization potential to enhance competitiveness
- Risk: neighborhood occupancy lags national norms; proactive leasing and operations are key