| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Best |
| Demographics | 61st | Good |
| Amenities | 18th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2500 Heritage Cir, Hendersonville, NC, 28791, US |
| Region / Metro | Hendersonville |
| Year of Construction | 1985 |
| Units | 117 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2500 Heritage Cir Hendersonville Multifamily Investment
Neighborhood occupancy is strong and NOI performance ranks among the metro s leaders, pointing to durable income potential, according to WDSuite s CRE market data. Suburban fundamentals and steady renter demand provide a measured backdrop for long-term holds.
This suburban Hendersonville location offers investment stability supported by solid neighborhood fundamentals. The area s occupancy rate ranks competitive among Asheville s 155 neighborhoods (top quartile nationally), indicating resilient leasing conditions and reduced downtime risk. Neighborhood NOI per unit also tests in the top decile nationwide, a positive benchmark for underwriting while still requiring property-level verification.
Livability factors are mixed. Average school ratings are strong (top-tier within the Asheville metro, 6th out of 155), which tends to support family-oriented renter retention. Everyday retail is modest but present; grocery access scores above the metro median, while restaurants track closer to metro median levels. Other amenities such as parks, cafes, childcare, and pharmacies are thinner locally, which may modestly narrow lifestyle appeal for some renter cohorts.
Housing context is supportive for rentals. Median home values are elevated relative to incomes in the neighborhood (high national percentile for value-to-income), which can sustain reliance on multifamily options and aid pricing power. At the same time, the neighborhood s renter-occupied share is lower (about 27%), signaling a predominantly owner-occupied area; investors should plan marketing and unit mixes toward segments that prioritize quality schools and suburban convenience.
Demographic statistics are aggregated within a 3-mile radius. Recent population and household counts have grown modestly, with forecasts calling for a larger increase in households over the next five years even as average household size edges down. For investors, this implies a gradually expanding tenant base and supports occupancy stability, especially for well-maintained, professionally managed assets. These interpretations are grounded in commercial real estate analysis from WDSuite s market dataset and should be paired with asset-specific rent rolls and comp reviews.
Safety indicators are comparatively favorable. The neighborhood ranks among safer areas within the Asheville metro (21st of 155), and violent offense metrics place the area in the top decile nationally, suggesting a supportive backdrop for tenant retention. Property offense levels benchmark better than the national average as well.
That said, one-year changes show a notable uptick in estimated property offenses, which merits monitoring in risk management and insurance assumptions. Investors should validate current conditions with recent police blotter trends and submarket comps rather than relying solely on historical snapshots.
Regional employers within commuting range help underpin renter demand, with a mix of industrial, healthcare, and advanced manufacturing represented by Airgas, UnitedHealth Group, and 3M.
- Airgas Store industrial gases distribution (13.9 miles)
- UnitedHealth Group healthcare services (38.1 miles)
- 3M Greenville manufacturing (43.1 miles)
The property sits in a suburban neighborhood with above-metro occupancy and top-quartile national standings for stability, supporting dependable cash flow assumptions. Elevated home values relative to incomes reinforce renter reliance on multifamily housing, while school quality and suburban convenience help with retention for family-oriented renters. According to CRE market data from WDSuite, neighborhood NOI per unit benchmarks near the top of national peers, adding confidence to underwriting while still requiring asset-level validation.
Within a 3-mile radius, population and household counts are projected to rise, and a slight downshift in average household size indicates more households entering the market. This points to a larger tenant base over the medium term, even as the area s lower renter-occupied share suggests marketing should target segments that value schools and quiet neighborhoods. Amenity depth is mixed, so competitive positioning will rely on property condition, unit finishes, and professional operations.
- Occupancy strength and top-tier neighborhood NOI benchmarks support income durability
- High home values vs. incomes sustain multifamily demand and pricing power
- 3-mile demographic growth expands the tenant base and supports leasing
- Suburban setting with strong schools aids retention for family renters
- Risks: thinner amenity density and recent property offense uptick warrant monitoring