| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 35th | Fair |
| Demographics | 56th | Best |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 221 Mayberry Ave, Mount Airy, NC, 27030, US |
| Region / Metro | Mount Airy |
| Year of Construction | 1972 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
221 Mayberry Ave Mount Airy Multifamily Investment
Neighborhood fundamentals point to steady renter demand supported by strong amenity access and a high renter-occupied share, according to WDSuite’s CRE market data. Low neighborhood rent-to-income levels suggest measured pricing power if operations and positioning are managed carefully.
Mount Airy’s neighborhood surrounding 221 Mayberry Ave is rated A+ and ranks 1st out of 45 metro neighborhoods overall, reflecting a balanced mix of fundamentals attractive to workforce housing investors. Amenity access is a relative strength: grocery, restaurant, park, and pharmacy availability rank at or near the top of the metro, and amenity density sits in the top quartile nationally. This supports day-to-day livability and can aid marketing, retention, and leasing velocity.
Renter-occupied housing concentration in the neighborhood is elevated relative to peers (ranked 4th of 45), placing it in a higher national percentile for renter share. For multifamily owners, a deeper tenant base typically supports demand continuity, though the neighborhood occupancy rate trends below national medians. Lease-up and renewal strategies should emphasize the area’s convenience and access to essentials to stabilize occupancy.
Within a 3-mile radius, recent years show modest population contraction but forecasts call for population and household growth by 2028 alongside slightly smaller average household sizes. For investors, this points to potential renter pool expansion and supports longer-term absorption, provided product quality and pricing stay aligned with local incomes. Median incomes have risen meaningfully in recent periods, which can underpin rent collections and renewal health when paired with disciplined affordability management.
The property’s 1972 vintage is newer than the neighborhood’s average construction year, but it remains an older asset class by current standards. Investors should plan for targeted capital improvements (systems, exteriors, and unit finishes) to enhance competitiveness versus newer stock and capture value-add upside while maintaining a rent position aligned with neighborhood affordability.
Safety indicators for the neighborhood are mixed in a way investors should monitor. Compared with neighborhoods nationwide, violent and property offense rates benchmark on the stronger side (higher national percentiles indicate relatively safer conditions). However, recent year-over-year changes point to an uptick in reported incidents, suggesting prudent risk controls and active management are warranted.
Within the Mount Airy metro (45 neighborhoods), the area trends around the middle of the pack on overall safety. Owners can mitigate volatility through lighting, access control, and resident engagement, and by emphasizing the neighborhood’s convenience to daily needs that help support passive surveillance and community stability.
Commuting access to major Triad employers supports workforce housing demand and lease retention. Nearby anchors include apparel manufacturing, tobacco/CPG corporate offices, and diversified financial services headquarters.
- Hanesbrands — apparel manufacturing HQ offices (29.5 miles) — HQ
- Reynolds American — tobacco/CPG corporate offices (35.1 miles) — HQ
- BB&T Corp. — diversified financial services (35.3 miles) — HQ
This 20-unit, 1972-vintage asset benefits from a neighborhood that ranks 1st out of 45 in the Mount Airy metro and offers top-tier access to groceries, restaurants, parks, and pharmacies. Renter-occupied share is comparatively high, supporting depth of tenant demand, while neighborhood rent-to-income levels are low—creating room for thoughtful, phased rent optimization as capital improvements enhance appeal. According to CRE market data from WDSuite, occupancy in the neighborhood sits below national medians, so execution around marketing, renewals, and value-add scope will be critical to drive stability.
Forward-looking demographics aggregated within a 3-mile radius point to growth in population and households by 2028 and slightly smaller household sizes—dynamics that typically expand the renter pool and support absorption. With proactive capital planning on 1970s systems and selective interior upgrades, the property can compete effectively against older local stock while maintaining a price position aligned to local incomes.
- Top-ranked neighborhood (1 of 45) with strong amenity access that supports leasing and retention
- Elevated neighborhood renter-occupied share indicates a deeper tenant base for multifamily
- Low rent-to-income levels offer measured pricing power alongside targeted value-add
- 3-mile forecasts show population and household growth, supporting longer-term absorption
- Risks: below-median neighborhood occupancy and recent safety volatility require active management