| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Fair |
| Demographics | 53rd | Fair |
| Amenities | 59th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 226 Maynard Summit Way, Cary, NC, 27511, US |
| Region / Metro | Cary |
| Year of Construction | 2007 |
| Units | 76 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
226 Maynard Summit Way Cary Multifamily Investment
Neighborhood-level occupancy shows solid stability and a meaningful renter-occupied base, according to WDSuite’s CRE market data, supporting steady demand for a 2007 vintage, mid-size asset in Cary. Comparative amenity access and above-average schools further underpin leasing durability at the submarket edge.
Cary’s inner-suburb setting offers strong day-to-day convenience for renters. Dining density ranks competitively within the Raleigh–Cary metro (restaurant concentration is among the strongest, with a rank of 6 out of 331 neighborhoods), and grocery access is also strong (rank 14 of 331). These amenity positions translate into practical lifestyle advantages that can support retention and reduce leasing friction.
School quality is a positive signal for longer-term renter stickiness: the neighborhood’s average rating of 3.5/5 places it competitive among Raleigh–Cary neighborhoods (rank 62 of 331) and above national norms (73rd percentile). Park and pharmacy counts are limited within the neighborhood boundary (both ranked 331 of 331), so residents may rely on nearby areas for those services; operators should consider this in marketing and resident experience planning.
For multifamily fundamentals, the neighborhood occupancy rate has remained healthy and above many national peers, with only a modest pullback over the past five years. The share of housing units that are renter-occupied is high compared with national norms (top decile nationally), indicating a deep tenant base that typically supports leasing velocity and ongoing demand.
Within a 3-mile radius, commercial real estate analysis points to a smaller average household size and stable to rising incomes, with median household income growth over the last five years and forecasts showing further income gains. While the recent period saw flat-to-soft population counts, projections call for population growth and a sizable increase in households, which would expand the local renter pool and support occupancy stability. Median home values in the neighborhood sit above national midpoints, reinforcing sustained reliance on rental options and potential pricing power where value is demonstrated.
Safety indicators compare as below national averages, with the neighborhood’s national percentiles for violent and property incidents on the lower side. Within the Raleigh–Cary metro context, the area sits around the middle-to-more-affected range (crime position 119 out of 331 neighborhoods). Notably, recent trend data shows a year-over-year improvement in violent incident rates (strong improvement relative to national peers), which investors can monitor as part of ongoing risk assessment.
Proximity to established employers in insurance, life sciences, and technology supports a broad commuter tenant base and helps underpin leasing stability. The nearby roster includes MetLife, John Deere’s training center, AmerisourceBergen, Biogen, and Quintiles (IQVIA).
- MetLife — insurance (3.9 miles)
- John Deere Morrisville Training Center — industrial training (5.3 miles)
- Amerisource Bergen — pharmaceuticals distribution (5.8 miles)
- Biogen Idec — biotechnology (7.9 miles)
- Quintiles Transnational Holdings — clinical research (8.0 miles) — HQ
Built in 2007, this 76-unit asset benefits from a competitive vintage versus older local stock, offering contemporary layouts while still leaving room for targeted modernization to enhance rent positioning. Neighborhood metrics signal durable renter demand: occupancy remains healthy at the neighborhood level, the renter-occupied share is high compared with national norms, and amenity access for dining and groceries ranks among the metro’s leaders. According to CRE market data from WDSuite, school quality trends above national averages, which can aid retention for family renters.
From a demand perspective, 3-mile radius data indicates flat-to-soft recent population trends but a projected expansion in both population and households over the next five years—pointing to renter pool expansion. Median home values and rising area incomes frame an ownership market that sustains reliance on multifamily housing, supporting occupancy stability and measured pricing power where value is demonstrated. Operators should plan for routine system updates typical of mid-2000s construction and monitor safety and park/pharmacy access as part of risk management and resident experience strategy.
- 2007 vintage offers competitive positioning with selective value-add potential
- High renter-occupied share and solid neighborhood occupancy support leasing stability
- Strong metro-competitive dining and grocery access; schools above national norms
- 3-mile outlook shows household growth and income gains, expanding the tenant base
- Risks: limited parks/pharmacies and below-average national safety percentiles; plan for ongoing capital and resident-experience management