| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Best |
| Demographics | 91st | Best |
| Amenities | 44th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7900 Creedmoor Rd, Raleigh, NC, 27613, US |
| Region / Metro | Raleigh |
| Year of Construction | 1986 |
| Units | 120 |
| Transaction Date | 2012-08-31 |
| Transaction Price | $19,390,000 |
| Buyer | 7900 CREEDMOOR ROAD LLC |
| Seller | KRC RALEIGH LIMITED PARTNERSHIP |
7900 Creedmoor Rd, Raleigh Multifamily Investment
Neighborhood fundamentals point to durable renter demand and high occupancy for this Raleigh inner-suburb location, according to WDSuite’s CRE market data. Metrics cited reflect the surrounding neighborhood rather than the property and suggest stable performance under typical lease-up and retention strategies.
Situated in an Inner Suburb of Raleigh with an A neighborhood rating, the area ranks 30 out of 331 metro neighborhoods, indicating competitive positioning among Raleigh-Cary submarkets. Neighborhood occupancy is elevated and has trended higher in recent years, supporting income stability at comparable assets. The renter-occupied share of housing is in the low-40% range, signaling a sizable tenant base without overexposure.
Daily needs are well served: grocery and pharmacy density are strong relative to both metro and national benchmarks, and restaurants are comparatively plentiful. Conversely, parks and cafes are limited nearby, which may dampen some lifestyle appeal but rarely undermines workforce-oriented leasing.
Within a 3-mile radius, population and households have grown, with forecasts calling for continued population growth and a notable increase in households by 2028. A slight downshift in average household size implies more households even with moderate population gains, supporting a larger tenant base and occupancy stability for multifamily. Median household incomes are high for the metro, and rent-to-income levels indicate manageable affordability pressure, aiding lease retention and pricing power.
Home values in the surrounding area are elevated for Raleigh, which tends to reinforce renter reliance on multifamily housing and can support steady demand for well-managed assets. On operating performance, neighborhood NOI per unit tracks around the national median, suggesting market-consistent expense and revenue profiles rather than outlier risk.
Safety indicators are mixed in a way investors should contextualize. The neighborhood’s crime rank (96 among 331 in the Raleigh-Cary metro) places it competitive within the metro, yet national percentiles for violent and property offenses sit below the national median. Recent year-over-year declines in both violent and property offense rates point to gradual improvement, but underwriting should still assume average security and loss-prevention measures for similar Inner Suburb assets.
Proximity to major employers in insurance, life sciences, and advanced manufacturing underpins commuter convenience and broad white-collar renter demand, including MetLife, AmerisourceBergen, John Deere’s training center, Quintiles Transnational Holdings, and Biogen.
- MetLife — insurance (8.1 miles)
- AmerisourceBergen — pharma distribution (8.7 miles)
- John Deere Morrisville Training Center — industrial/training (9.1 miles)
- Quintiles Transnational Holdings — clinical research (9.1 miles) — HQ
- Biogen Idec — biotechnology (10.8 miles)
This Raleigh Inner Suburb location offers a balanced investment profile: strong neighborhood occupancy with upward momentum, a substantial renter-occupied share that supports demand depth, and elevated home values that sustain reliance on rental housing. Daily-needs access is a plus (notably groceries and pharmacies), while limited parks and cafes are secondary considerations for most renter cohorts. Based on CRE market data from WDSuite, operating performance in the area tracks near national medians, suggesting predictable expense and revenue patterns rather than outlier volatility.
Demographics aggregated within a 3-mile radius point to continued population growth and a meaningful increase in households by 2028, effectively expanding the renter pool even as average household size edges down. Affordability pressure appears manageable relative to incomes, which can support retention and measured pricing. Investors should also account for neighborhood safety readings that are weaker on a national basis, along with standard capex needs typical for stabilized suburban assets.
- Elevated neighborhood occupancy and stable demand support income durability
- 3-mile radius shows population growth and more households, expanding the tenant base
- High home values reinforce reliance on rental housing and bolster leasing
- Daily-needs access (groceries, pharmacies, restaurants) aids retention and convenience
- Risks: below-median national safety metrics and limited parks/cafes warrant prudent operations