| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Best |
| Demographics | 58th | Fair |
| Amenities | 57th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1100 New World Cir, Raleigh, NC, 27615, US |
| Region / Metro | Raleigh |
| Year of Construction | 1996 |
| Units | 24 |
| Transaction Date | 2006-06-05 |
| Transaction Price | $25,200,000 |
| Buyer | CR VILLAGE LLC |
| Seller | GS VILLAGE LLC |
1100 New World Cir, Raleigh NC Multifamily Opportunity
Neighborhood occupancy trends sit in the upper half nationally and local home values are elevated, reinforcing renter reliance on multifamily housing, according to WDSuite’s CRE market data.
Situated in Raleigh’s suburban north, the neighborhood carries an A- rating and ranks 76th among 331 Raleigh–Cary neighborhoods, placing it above the metro median in overall fundamentals. Median contract rents here rank 63rd of 331 (81st percentile nationally), signaling durable pricing compared with many peer submarkets. Neighborhood occupancy is above the national median but sits below the metro median, suggesting stable demand with competitive supply dynamics investors should underwrite conservatively.
Amenities are a relative strength: cafes index in the top quartile nationally and parks and pharmacies trend above the national median, while groceries are also above the national median. Childcare access is thinner than typical, which may matter for family-oriented leasing strategies. Average school ratings trend below the national median, which could temper appeal for some households with children and should be reflected in unit mix positioning and marketing.
Within a 3-mile radius, demographics indicate population growth over the past five years alongside a smaller projected population but a notable increase in the number of households and smaller average household sizes over the next five years. This shift expands the renter pool and can support occupancy stability and absorption of smaller-floorplan units. Incomes are comparatively high for the region, and elevated home values (around the 90th percentile nationally) point to a high-cost ownership market that tends to sustain rental demand and support lease retention.
Tenure data show a lower share of renter-occupied housing at the neighborhood level, implying a more owner-leaning area. For multifamily investors, this typically means a smaller but relatively stable tenant base, with deeper demand tied to proximity to jobs and convenience retail rather than transient leasing. The current rent-to-income profile is favorable, which can aid renewal strategies, though it does not eliminate the need for disciplined pricing and amenity differentiation.
Safety indicators are mixed. The neighborhood’s crime rank sits near the metro middle (133rd of 331 Raleigh–Cary neighborhoods), and national positioning is below the median for both property and violent incidents. Recent year-over-year estimates point to upticks in both categories, so investors should incorporate contemporary security practices and evaluate insurance and operating protocols accordingly.
In practical terms, this translates to conditions that are not among the region’s lowest-risk areas but remain manageable with standard multifamily measures such as lighting, access control, and resident engagement. Monitoring trend direction during lease-up and renewal cycles is advisable to protect occupancy and retention.
Proximity to major corporate offices in and around Research Triangle Park underpins steady renter demand, particularly among professional and life-science workers. The employers below represent significant nearby drivers of well-paid, commuting tenants.
- MetLife — insurance (9.4 miles)
- AmerisourceBergen — pharmaceuticals distribution (10.0 miles)
- Quintiles Transnational Holdings — contract research organization (10.3 miles) — HQ
- John Deere Morrisville Training Center — manufacturing training (10.3 miles)
- Biogen Idec — biotechnology (12.1 miles)
1100 New World Cir is a 24-unit, 1996-vintage asset positioned in a suburban Raleigh neighborhood that shows above-median metro fundamentals. Elevated neighborhood rents and an ownership-cost environment marked by high home values support a sustainable renter base and measured pricing power. Neighborhood occupancy trends are in the national upper half but below the metro median, favoring disciplined operations and targeted amenity upgrades. Based on CRE market data from WDSuite, the local rent-to-income profile is favorable for renewals, while a more owner-leaning tenure mix suggests demand skewing toward convenience- and commute-oriented renters.
The 1996 vintage points to potential value-add through interior refreshes and selective systems modernization to stay competitive with newer stock, without the heavy lift typical of older assets. Near-term risk management should focus on recent safety trend softening and school quality perceptions, while the area’s professional employment base and projected increase in households within a 3-mile radius underpin long-run leasing stability.
- Owner-cost environment and high home values sustain rental demand and support retention
- Neighborhood rents rank competitively in the metro with favorable rent-to-income dynamics, per WDSuite
- 1996 vintage offers value-add potential via interior updates and targeted building systems work
- Growing household counts within 3 miles expand the renter pool for smaller and mid-size units
- Risks: safety trends below national median and lower school ratings; require active management and underwriting cushions