| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Best |
| Demographics | 56th | Good |
| Amenities | 71st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 20 Wilmont Dr, Hendersonville, NC, 28792, US |
| Region / Metro | Hendersonville |
| Year of Construction | 1980 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
20 Wilmont Dr, Hendersonville, NC Multifamily Investment
Inner-suburban fundamentals point to durable renter demand and high occupancy, according to WDSuite’s CRE market data. With neighborhood occupancy tracking well above the metro median and rents positioned competitively, the asset profile suits investors prioritizing income stability over speculation.
The property sits in an Inner Suburb pocket of Hendersonville that ranks 7th out of 155 Asheville metro neighborhoods (A+ overall). Neighborhood occupancy is strong and positioned in the top quartile nationally, indicating stability that supports consistent leasing and limited downtime for operators.
Within a 3-mile radius, population and households have expanded over the last five years and are projected to continue growing into 2028, pointing to a larger tenant base and steady absorption for multifamily. Average household size is trending smaller, which can favor efficient floor plans and 1–2 bedroom units, reinforcing demand for well-managed, mid-size apartments.
Renter-occupied housing accounts for a meaningful share of units in the 3-mile area and is expected to edge higher, suggesting depth in the tenant pool and support for occupancy stability. At the neighborhood level, asking rents benchmark above the metro median while remaining aligned with area amenities, per WDSuite’s commercial real estate analysis; investors should balance pricing strategy with lease retention given varied income bands nearby.
Livability is supported by everyday conveniences: restaurants, cafés, groceries, pharmacies, parks, and childcare availability all score around the upper half of national comparisons. School ratings trend around the metro middle, which typically appeals to a broad renter profile rather than niche segments. Combined, these dynamics make the location competitive among Asheville neighborhoods for workforce-oriented multifamily.
Safety indicators place the neighborhood below national averages, with its crime rank at 97 out of 155 within the Asheville metro—below the metro median. Nationally, comparative positioning is in the lower percentiles, indicating investors should underwrite with prudent security and operating assumptions.
Recent trends are mixed: violent offense rates have improved year over year (above the national median for improvement), while property offenses show a recent uptick. For investors, this argues for practical measures—lighting, access controls, and resident engagement—alongside realistic loss assumptions rather than aggressive expense cuts.
Regional employers within commuting range support renter demand and lease retention for workforce housing, including industrial, healthcare, and manufacturing offices listed below.
- Airgas Store — industrial gases & supplies (16.9 miles)
- UnitedHealth Group — healthcare services (34.95 miles)
- 3M Greenville — manufacturing (40.21 miles)
- Parker-Hannifin Tech Seal Div — manufacturing (43.82 miles)
This 32-unit asset in Hendersonville benefits from a high-performing neighborhood where occupancy ranks near the top of the Asheville metro and in the top quartile nationally, supporting income durability and lower leasing friction. Within a 3-mile radius, ongoing population and household growth—paired with shrinking household sizes—signals a gradually expanding renter pool that can sustain demand for mid-size units.
Ownership costs in the area are relatively elevated versus incomes (upper national percentiles), which tends to reinforce reliance on rental housing, while neighborhood rents benchmark above the metro median, according to CRE market data from WDSuite. Counterbalancing this, rent-to-income levels point to affordability pressure for some cohorts, suggesting prudent renewal strategies and expense planning are advisable.
- Strong occupancy positioning locally and top-quartile nationally supports cash flow stability.
- 3-mile population and household growth, with smaller household sizes, expands the tenant base for 1–2 bedroom product.
- Rents above the metro median with a high-cost ownership backdrop bolster ongoing multifamily demand.
- Risk: below-average safety metrics and affordability pressure call for conservative underwriting and resident retention focus.