| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Good |
| Demographics | 25th | Fair |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 500 E Branch St, Spring Hope, NC, 27882, US |
| Region / Metro | Spring Hope |
| Year of Construction | 1990 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
500 E Branch St Spring Hope Multifamily Investment
Rural setting with accessible rents and a stable renter base supports dependable demand, according to WDSuite's CRE market data. Neighborhood occupancy trends sit below the metro median, so performance hinges on hands-on leasing and pragmatic rent positioning.
Located in a rural pocket of the Rocky Mount, NC metro, the neighborhood offers basic housing options with limited nearby retail and services. Amenity density is low, so residents typically rely on larger trade areas for shopping and daily needs. For investors, this positions the asset as practical workforce housing rather than lifestyle-driven product.
Neighborhood occupancy is below the metro median (ranked 46 out of 68 metro neighborhoods), suggesting leasing performance may depend on competitive pricing and active management. The neighborhood's renter concentration is roughly one-third of housing units, which provides a meaningful tenant base while still competing with owner-occupied alternatives.
Within a 3-mile radius, households have increased modestly over the last five years even as population was roughly flat, indicating smaller household sizes and a gradually diversifying tenant mix. Projections through 2028 point to softer population and household counts but a shift toward a larger share of renter-occupied housing, which could support tenant pool depth even if overall headcount eases.
Home values are relatively attainable for the region, yet the value-to-income ratio places this neighborhood in the top quartile among 68 Rocky Mount neighborhoods. That context can reinforce renter reliance on multifamily housing and support retention, while rent-to-income levels signal manageable affordability pressure and room for disciplined rent management.
Standardized neighborhood-level crime data was not available in WDSuite for this location at the time of analysis. Investors typically benchmark safety using a combination of metro comparisons, trend data, and local public sources to inform leasing assumptions and operating practices.
Regional employment is anchored by RTP-area corporate campuses within roughly 40–44 miles, supporting some commuter and hybrid workers. Key employers include MetLife, AmerisourceBergen, John Deere, and Quintiles Transnational Holdings.
- MetLife — insurance (39.9 miles)
- MetLife Auto & Home Craig Conley LUTCF — insurance (40.4 miles)
- Amerisource Bergen — pharmaceuticals distribution (41.0 miles)
- John Deere Morrisville Training Center — industrial equipment training (41.2 miles)
- Quintiles Transnational Holdings — clinical research organization (41.6 miles) — HQ
This 32-unit asset targets practical renter demand in a rural submarket where amenity density is limited but rents remain accessible. Based on CRE market data from WDSuite, the surrounding neighborhood's occupancy trends sit below the metro median, making hands-on leasing and competitive positioning essential. The renter share at the neighborhood level provides a meaningful tenant base, and within a 3-mile radius, recent household growth alongside flat population suggests smaller households and steady turnover that can support ongoing leasing.
Looking forward, projections indicate a shift toward a higher renter share even as population and household counts may contract. That mix shift, coupled with a value-to-income profile that compares in the top quartile among Rocky Mount neighborhoods, supports a defensible workforce housing thesis if operations emphasize retention and affordability.
- Accessible rents and steady renter base underpin demand
- Household growth (3-mile) with smaller sizes supports ongoing leasing
- Value-to-income profile suggests durable reliance on rentals
- Risk: neighborhood occupancy below metro median requires active management
- Risk: limited local amenities and softer population outlook may temper absorption