| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Best |
| Demographics | 18th | Poor |
| Amenities | 41st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 583 Main St, Yanceyville, NC, 27379, US |
| Region / Metro | Yanceyville |
| Year of Construction | 1980 |
| Units | 70 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
583 Main St Yanceyville NC Multifamily Investment
Neighborhood fundamentals point to a durable tenant base, with renter-occupied housing at 59.5% and occupancy at 90.9% for the surrounding neighborhood, according to WDSuite s CRE market data. This balance of occupancy stability and renter concentration supports steady leasing for a 70-unit asset in Caswell County.
Yanceyville s inner-suburban setting offers everyday convenience more than lifestyle density. Neighborhood amenity access is mixed: grocery and park availability rank above the metro median (ranked 1 of 18 in both categories), while cafes and pharmacies are limited. For investors, this mix suggests dependable daily-use access but fewer discretionary destinations, which can favor stable, value-driven renter demand over luxury positioning.
Housing dynamics are investor-friendly. The neighborhood s occupancy rate is 90.9% (ranked 2 of 18 in the metro), indicating above-median tightness that can support retention and minimize downtime. Renter-occupied share is high at 59.5% (ranked 1 of 18), signaling depth in the tenant base and resilience across leasing cycles. Median contract rents are lower relative to national peers, which can translate into steady absorption for workforce-oriented product, with lease management centered on measured, programmatic increases rather than aggressive pushes.
Ownership costs remain modest in absolute terms but elevated relative to local incomes (value-to-income ratio in the top quartile nationally). That ownership context typically sustains reliance on rental housing and supports occupancy stability, while the neighborhood s rent-to-income ratio of 0.17 indicates manageable affordability pressure helpful for retention and collections. Average school ratings track low versus national benchmarks, which can shape the resident mix toward value-focused households rather than school-driven movers.
Demographic insights from WDSuite are aggregated within a 3-mile radius; investors should monitor population and household trends in that radius to gauge renter pool expansion and leasing durability. In this location, workforce commuting patterns and access to basic services tend to matter more than proximity to lifestyle clusters, which aligns with steady, needs-based multifamily demand.
WDSuite does not report comparable neighborhood-level crime statistics for this location at this time. Without ranked or percentile data to benchmark against other metro neighborhoods, investors typically contextualize safety via county reporting, property-level incident logs, and management track records rather than block-level assumptions.
As with any submarket lacking consistent metrics, prudent underwriting includes coordination with local law enforcement data and operator history to understand patterns over time, rather than relying on one-time observations.
The employment base within commuting range skews toward healthcare diagnostics and apparel, supporting workforce renter demand through diversified regional employers noted below.
- Laboratory Corp. of America diagnostics (22.3 miles) HQ
- VF apparel & lifestyle brands (32.1 miles) HQ
This 70-unit multifamily asset benefits from a renter-heavy neighborhood (59.5% renter-occupied) and above-median occupancy at 90.9%, pointing to a stable tenant base and predictable leasing. Lower median contract rents relative to national norms align with workforce housing demand, while ownership remains a high-cost proposition versus local incomes (top-quartile value-to-income nationally), which tends to reinforce reliance on rental housing. These dynamics support steady occupancy and measured rent progression, based on CRE market data from WDSuite.
Amenity access concentrates in groceries and parks rather than cafes or pharmacies, aligning the property with value-focused renters prioritizing essentials. Affordability appears manageable (rent-to-income ratio of 0.17), which is supportive for retention and collections, though lower household incomes and modest school ratings suggest the need for careful rent growth pacing and targeted resident services to sustain performance.
- Above-median neighborhood occupancy (90.9%) supports leasing stability and lower downtime.
- Deep renter base (59.5% renter-occupied) indicates durable tenant demand for a 70-unit asset.
- Ownership costs elevated vs. incomes (top-quartile value-to-income) reinforce reliance on rentals and support retention.
- Essentials-focused amenity mix (strong grocery and parks access) aligns with workforce housing positioning.
- Risk: Lower household incomes and modest school ratings call for cautious rent growth and proactive resident engagement.