| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Best |
| Demographics | 72nd | Good |
| Amenities | 65th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1000 Creekside Hills Dr, Apex, NC, 27502, US |
| Region / Metro | Apex |
| Year of Construction | 2006 |
| Units | 24 |
| Transaction Date | 2011-08-02 |
| Transaction Price | $26,407,000 |
| Buyer | CRLP CREEKSIDE HILLS DRIVE LLC |
| Seller | METROPOLITAN DEVELOPMENT AT APEX LLC |
1000 Creekside Hills Dr Apex Multifamily Opportunity
Renter demand is supported by stable neighborhood occupancy and proximity to major employers, according to WDSuite’s CRE market data. The setting favors retention and pricing discipline for well-run assets.
Situated in suburban Apex within the Raleigh-Cary metro, the neighborhood rates competitive among Raleigh-Cary neighborhoods (28 of 331) with balanced fundamentals investors tend to prioritize: steady occupancy, household growth in the surrounding 3-mile radius, and access to daily-needs retail. Dining, grocery, and pharmacy density trends above metro medians and track in the upper half nationally, supporting resident convenience and leasing stickiness.
Neighborhood occupancy trends above the national midpoint, and the share of housing units that are renter-occupied is meaningfully present, indicating depth for multifamily demand and a workable renewal pipeline. In the broader 3-mile area, demographics show continued population and household expansion, which points to a larger tenant base over the next few years and supports occupancy stability for professionally managed properties.
Amenity access is a relative strength: restaurants and cafes rank above metro medians, and pharmacies are among the stronger concentrations locally. Park density is limited within the neighborhood, so residents may rely more on regional greenways and destination parks—an amenity consideration for positioning and marketing rather than a core demand risk.
Home values in the neighborhood sit in a higher-cost ownership context compared with national norms, which can reinforce reliance on quality rental options and support pricing power when paired with service-forward operations. Rent levels track above national medians but remain manageable relative to area incomes, which can aid retention and reduce turnover volatility.
Safety indicators for the neighborhood compare favorably at a national level, with recent data pointing to top-quartile performance nationwide and notable year-over-year declines in both property and violent offense estimates. This positions the area as relatively secure compared with many U.S. neighborhoods and is aligned with the broader stability observed in Raleigh-Cary suburbs.
Within the metro context (331 neighborhoods), the area trends above average on most safety measures investors track. While conditions can vary by block and over time, the directional improvements and national-percentile strength suggest a supportive backdrop for lease-up and renewal performance.
Nearby employment anchors in and around Research Triangle Park offer diversified white-collar demand and commute convenience that can support leasing velocity and renewals, including technology, insurance, biotechnology, and life sciences. The employers below reflect the closest notable demand drivers.
- John Deere Morrisville Training Center — training and engineering (8.3 miles)
- Cisco Systems, Building 8 — networking technology (8.5 miles)
- MetLife — insurance (8.6 miles)
- Biogen Idec — biotechnology (8.7 miles)
- Quintiles Transnational Holdings — clinical research (10.5 miles) — HQ
This 24-unit asset in Apex, North Carolina is positioned in a competitive suburban neighborhood within the Raleigh-Cary metro, where occupancy is above the national midpoint and local incomes are strong. According to CRE market data from WDSuite, the neighborhood’s renter-occupied share supports a stable tenant base, while elevated ownership costs relative to national norms help sustain multifamily demand and pricing power for well-operated communities.
The 3-mile radius shows continued population and household growth with projections for further expansion, signaling a larger renter pool and supportive fundamentals for long-term leasing stability. Amenity access (dining, grocery, pharmacy) outperforms many metro peers, though limited park density suggests operators should emphasize nearby regional outdoor options in marketing and resident engagement.
- Occupancy above national midpoint with a meaningful renter-occupied share supporting renewal depth
- High-cost ownership context reinforces reliance on rentals and supports pricing power
- Expanding population and households within 3 miles point to a growing tenant base
- Stronger-than-metro amenity access (dining, grocery, pharmacy) aids leasing and retention
- Risk: limited park density; plan resident programming and marketing to offset outdoor-access perceptions