| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Best |
| Demographics | 58th | Best |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1331 Halltown Rd, Jacksonville, NC, 28546, US |
| Region / Metro | Jacksonville |
| Year of Construction | 1984 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1331 Halltown Rd Jacksonville NC Multifamily Opportunity
Neighborhood-level occupancy is fully stabilized and ranks first among Jacksonville s 55 neighborhoods, supporting income durability according to WDSuite s CRE market data.
Located in a rural pocket of Jacksonville, the neighborhood posts full occupancy at the neighborhood level and ranks 1 of 55 in the metro op quartile nationally which points to leasing stability for multifamily assets nearby. Median contract rents in the neighborhood sit near the national midpoint with solid multi-year growth, suggesting achievable rent levels without overreliance on premium positioning.
Local schools average 4.0 out of 5 and rank 1 of 55 Jacksonville neighborhoods top quartile nationally which can aid retention for family-oriented renter households. Amenity density is limited (rural setting with sparse retail and cafes), so residents depend on broader Jacksonville nodes for shopping and services; investors should underwrite convenience via parking and access rather than walkability.
Tenure patterns indicate a relatively owner-leaning area: the neighborhood s renter-occupied share is under one-third, implying a narrower but potentially stable tenant base for workforce-oriented properties. Within a 3-mile radius, recent trends show a small decline in population but a modest increase in households, pointing to smaller household sizes and a renter pool that can still support occupancy stability even as unit mix and pricing strategy may need to favor value and practicality.
Ownership costs in the neighborhood are elevated enough to sustain rental reliance in parts of the market, yet not so high as to eliminate competition from entry-level ownership. For investors, this balance argues for disciplined rent setting and attention to resident experience to support renewals and reduce turnover risk relative to metro and national CRE trends.
Safety indicators compare favorably at the national level: the neighborhood sits in the upper percentiles nationwide for both lower violent and property offense rates, signaling a comparatively safe environment versus many U.S. neighborhoods. Trends also point to improvement in violent incidents year over year.
Within the Jacksonville metro, ranks such as crime-related positions (for example, property and violent offense ranks in the single digits out of 55) indicate the area is not among the metro s safest tiers. In practice, this means national comparisons look strong, while local peers set a higher bar; investors should calibrate underwriting to neighborhood-level comps and consider standard security measures typical for the submarket.
This 36-unit asset sits in a Jacksonville neighborhood with full neighborhood-level occupancy and strong national safety percentiles, supporting consistent leasing and retention. Rents track around national midpoints with multi-year gains, while the area s owner-leaning tenure means a defined, need-based renter segment that values practicality over premium amenities. Based on CRE market data from WDSuite, the combination of steady occupancy and solid school ratings suggests durable demand, though underwriting should account for the rural amenity profile.
Within a 3-mile radius, households have edged higher despite softer population counts, implying smaller household sizes and a renter base that can support stabilized operations when pricing and unit mix remain competitive. The ownership landscape may limit aggressive rent premiums, but it also supports renewal-focused strategies that prioritize service, maintenance, and modest, targeted upgrades to protect yields.
- Neighborhood-level occupancy ranks 1 of 55 in Jacksonville, reinforcing leasing stability.
- Rents near national midpoints with multi-year growth support achievable pricing without overreach.
- Strong school rankings (1 of 55) aid family retention and renewal strategies.
- 3-mile household growth despite softer population suggests a stable tenant base with evolving unit needs.
- Risks: rural amenity density, stronger safety competition within metro, and owner-leaning tenure requiring disciplined rent and retention management.