| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Best |
| Demographics | 79th | Best |
| Amenities | 71st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 100 Highland Commons Ct, Cary, NC, 27511, US |
| Region / Metro | Cary |
| Year of Construction | 2004 |
| Units | 68 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
100 Highland Commons Ct Cary Multifamily Investment Opportunity
Neighborhood-level occupancy in this Inner Suburb of Raleigh–Cary trends above the national median, supporting steady renter demand, according to WDSuite’s CRE market data. The location balances daily conveniences with access to regional employers, positioning a 2004 vintage asset for competitive leasing.
Located in Cary within the Raleigh–Cary metro, the neighborhood carries an A rating and ranks 19th among 331 metro neighborhoods, indicating competitive fundamentals for investors. Dining and daily needs are strong locally: restaurants and groceries rank 16th and 21st out of 331 metro neighborhoods, respectively, with both amenities in the upper national percentiles. This concentration of services can reinforce leasing velocity and day-to-day resident convenience.
Schools in the area average 4.0 out of 5 and rank 29th among 331 metro neighborhoods, placing them in the top quartile nationally. For multifamily owners, school quality often supports retention for family households while maintaining broad appeal to professionals due to the mix of nearby amenities and employment nodes.
At the neighborhood level, occupancy stands above the national median and renter concentration is roughly half of housing units being renter-occupied, indicating a meaningful tenant base without overreliance on any single segment. Median home values are elevated relative to many U.S. areas, which can sustain reliance on multifamily housing and support pricing power, while the neighborhood’s rent-to-income profile suggests generally manageable affordability pressures from an operator’s perspective.
The asset’s 2004 construction is newer than the neighborhood’s older housing stock (average vintage mid-1950s), which can offer competitive positioning versus legacy properties. Investors should still plan for mid-life system updates and targeted modernization to meet current renter expectations, but the relative vintage advantage can help with leasing and ongoing maintenance planning.
Demographic statistics aggregated within a 3-mile radius point to gradual population growth over the last five years and a larger increase in household counts, which expands the local renter pool. Forward-looking projections through 2028 call for additional household growth and higher incomes, supporting demand depth and potential rent durability for well-managed assets.
Safety metrics for the neighborhood are around the national median overall, with the area ranking 66th out of 331 Raleigh–Cary neighborhoods — competitive within the metro. Recent trend data show year-over-year declines in both property and violent offense rates, indicating improvement rather than deterioration. As always, investors should evaluate micro-location and property-level operations, but the broader pattern suggests stability relative to regional peers.
Proximity to a diversified employer base — including insurance, life sciences, and industrial training offices — supports workforce housing demand and commute convenience for residents.
- MetLife Auto & Home Craig Conley LUTCF — insurance services (1.78 miles)
- Erie Insurance Group — insurance (3.12 miles)
- MetLife — financial services/insurance (3.22 miles)
- John Deere Morrisville Training Center — industrial equipment training (4.24 miles)
- Amerisource Bergen — pharmaceutical distribution (4.82 miles)
100 Highland Commons Ct offers a 68-unit, 2004-vintage multifamily asset positioned in a high-amenity Cary neighborhood where occupancy trends above the national median. The property’s newer vintage versus the area’s older stock supports competitive positioning, while smaller average unit sizes can appeal to cost-conscious professionals seeking convenience near major employment nodes. According to CRE market data from WDSuite, the neighborhood shows strong amenity access, solid school ratings, and renter demand supported by elevated ownership costs, all of which can underpin leasing stability.
Within a 3-mile radius, household counts have increased and are projected to grow further alongside rising incomes, expanding the prospective tenant base. These dynamics, combined with a balanced renter concentration at the neighborhood level, indicate durable demand for well-managed units, with potential for targeted renovations to drive rent premiums while maintaining occupancy.
- Newer 2004 vintage versus older local stock supports competitive positioning and moderate near-term capex
- Neighborhood occupancy trends above national median, aiding leasing stability
- Strong amenity access and school quality bolster retention and pricing power
- 3-mile radius shows growing households and higher incomes, expanding the renter pool
- Risks: rent growth outpacing incomes, safety around national median, and mid-life system upgrades typical for early-2000s assets