| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 30th | Poor |
| Demographics | 71st | Best |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1 Fairview Ct, Bayboro, NC, 28515, US |
| Region / Metro | Bayboro |
| Year of Construction | 2000 |
| Units | 21 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1 Fairview Ct Bayboro NC Multifamily Investment
Rural location with modest renter demand supports steady occupancy potential, according to WDSuite’s CRE market data. Investors should expect leasing driven by value-sensitive tenants rather than amenity-seeking renters.
Bayboro sits within the New Bern, NC metro and is classified as Rural, with limited retail and dining density nearby. The neighborhood’s overall standing is above the metro median (rank 24 of 58), which suggests stable fundamentals relative to similar outlying submarkets, even as day-to-day conveniences are sparse.
Neighborhood occupancy trends are competitive among New Bern neighborhoods (rank 21 of 58), indicating a reasonable baseline for tenant retention despite the smaller local renter pool. Renter-occupied share in the immediate area is modest, which typically means a thinner but more stable demand profile for multifamily—lease-ups may take longer, but resident turnover can be manageable when pricing aligns with value.
Within a 3-mile radius, demographics point to a small, slowly contracting population and households, with a rising median age. This pattern implies that demand will hinge on local workforce and long-term residents rather than rapid in-migration, reinforcing the importance of durable operations and right-sized unit mixes for occupancy stability.
Home values are comparatively accessible for the region (neighborhood median home value ranks 22 of 58; national percentile 34), which can temper pricing power for rentals when ownership is attainable. For investors, this favors a value-forward proposition and strong management practices to sustain lease retention rather than premium amenity positioning.
School quality measures are in the top quartile nationally by metro rank translation (school rating rank 7 of 58; national percentile 61), which can support family-oriented tenancy in workforce housing. Amenity density indicators (grocery, cafes, restaurants, parks) rank at or near the bottom of the metro, underscoring reliance on nearby towns for services—an operational consideration for marketing and resident expectations during leasing.
Comparable, metro-ranked crime data for this specific neighborhood is not available in WDSuite at this time. Investors typically benchmark property performance against county and regional safety trends and monitor owner-reported incident histories to assess on-site risk management needs.
Given the rural context, it is prudent to evaluate lighting, access control, and visibility along approaches to the property, and to confirm local response times and any community watch or patrol coverage as part of standard diligence.
The renter base in and around Bayboro is supported by county services, education, and regional healthcare employment centered in the broader New Bern area, which translates to commute-driven demand rather than walk-to-work patterns.
Built in 2000, the 21‑unit property provides relatively newer-vintage stock for a rural market, which can reduce immediate capital exposure versus older assets while still leaving room for targeted system updates or value-add finishes. Neighborhood occupancy trends are competitive within the New Bern metro, and the local renter base is steady but limited—positioning that rewards pragmatic pricing and efficient operations. Based on CRE market data from WDSuite, ownership remains relatively accessible in the area, so rental strategies that emphasize value and reliability tend to support retention and stable cash flow.
Within a 3-mile radius, population and household counts are edging down while household size trends upward, suggesting a stable core of long-term residents and a measured pace of new leasing. Contract rents in the area are rising from a low base, which can support NOI growth, but sustained increases should be managed carefully to avoid affordability pressure and preserve occupancy.
- 2000 vintage limits near-term system risk while allowing selective value-add
- Competitive neighborhood occupancy within New Bern supports leasing stability
- Value-forward positioning fits a market where ownership is relatively accessible
- 3-mile demographics favor steady, resident-driven demand over rapid growth
- Risk: modest renter pool and limited nearby amenities can slow lease-up and constrain pricing power